LEADER 05006nam 22005893u 450 001 9910781582603321 005 20230721020243.0 010 $a92-2-119348-9 035 $a(CKB)2550000000065193 035 $a(EBL)809115 035 $a(OCoLC)767502541 035 $a(MiAaPQ)EBC809115 035 $a(MiAaPQ)EBC3012407 035 $a(Au-PeEL)EBL809115 035 $a(EXLCZ)992550000000065193 100 $a20130418d2007|||| u|| | 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aMicrofinance and public policy$b[electronic resource] $eOutreach, performance and efficiency 210 $aGeneva $cILO Publications$d2007 215 $a1 online resource (290 p.) 300 $aDescription based upon print version of record. 311 $a92-2-119347-0 327 $aHalf Title; Title; Copyright; Contents; List of Tables; List of Figures and Boxes; List of Abbreviations; Acknowledgements; Foreword; Notes on Contributors; Part I Introduction; 1 Efficiency and Sustainability in Microfinance; 1.1 Promise and achievements; 1.2 Efficiency in the microfinance literature; 1.3 Efficiency: the concept; 1.4 Applicability of efficiency concepts in microfinance; 1.5 Efficiency versus financial sustainability; 1.6 Structure of the book; Part II Conceptual Framework; 2 Poverty versus Inequality; 2.1 Introduction; 2.2 Defining and measuring poverty 327 $a2.3 How microfinance can help reduce poverty2.4 Poverty reduction and financial performance; 2.5 Can microfinance reach the poor?; 2.6 The harmful side-effects: increased disparities; 3 Poverty Reduction through Microfinance: A Capability Perspective; 3.1 Introduction; 3.2 Who are the poor? What are the issues?; 3.3 Positive mechanisms; 3.4 Negative mechanisms; 3.5 A capability perspective; 4 Achieving Poverty Outreach, Impact and Sustainability: Managing Trade-offs in Microfinance; 4.1 Introduction: combining social and financial objectives; 4.2 Trade-offs; 4.3 Managing trade-offs 327 $a4.4 Conclusions5 Smart Subsidies; 5.1 Introduction; 5.2 Subsidies and microfinance; 5.3 Valuing subsidies; 5.4 'Crowding in' and 'crowding out'; 5.5 Conclusions; Part III Empirical Analysis; 6 Efficiency in Microfinance Institutions: An Application of Data Envelopment Analysis to MFIs in Peru; 6.1 Introduction; 6.2 Previous research on MFIs' performance evaluation; 6.3 Performance analysis methodology; 6.4 Data sources and variable construction; 6.5 Efficiency analysis with the DEA model; 6.6 Conclusions; 7 Efficiency in Financial Intermediation: Theory and Empirical Measurement 327 $a7.1 Introduction7.2 Interest spreads and credit rationing: theory; 7.3 Interest spreads and credit rationing: cross-country evidence; 7.4 Decomposing spreads; 7.5 Explaining spreads; 7.6 Conclusions and policy lessons; 8 Efficiency Drivers and Constraints: Empirical Findings; 8.1 Introduction; 8.2 Methodology; 8.3 The data; 8.4 MFI clusters; 8.5 Performance drivers and constraints; 8.6 Conclusions; 9 Measuring the Performance of MFIs: An Application of Factor Analysis; 9.1 Introduction; 9.2 The data; 9.3 Factor analysis: theory and practice; 9.4 Cluster analysis 327 $a9.5 Assessing what determines performance9.6 Conclusions; Part IV Selected Country Studies; 10 Contextual Factors Determining Poverty Outreach and Financial Performance: The Case of Mali; 10.1 Introduction; 10.2 Domestic contextual factors: institutions, state and markets; 10.3 External factors: the implications of subsidy withdrawal; 10.4 Conclusion; 11 Contextual Factors Determining Poverty Outreach and Financial Performance: The Case of Morocco; 11.1 Introduction; 11.2 Institutional context; 11.3 Support by banks; 11.4 Subsidies; 11.5 Conclusion 327 $a12 Contextual Factors Determining Poverty Outreach and Financial Performance: The Case of Eastern Europe and Central Asia 330 $aThis book states to aid agencies and governments to consider efficiency as a robust and reliable criterion to guide their decisions on whether continuing or discounting support from microfinance institutions (MFIS). 606 $aMicrofinance -- Developing countries -- Case studies 606 $aMicrofinance 606 $aPoverty -- Developing countries -- Case studies 606 $aSmall business -- Developing countries -- Finance --Case studies 615 4$aMicrofinance -- Developing countries -- Case studies. 615 4$aMicrofinance. 615 4$aPoverty -- Developing countries -- Case studies. 615 4$aSmall business -- Developing countries -- Finance --Case studies. 676 $a332 676 $a332.2 700 $aOffice$b International Labour$0810707 701 $aBalkenhol$b Bernd$0791991 801 0$bAU-PeEL 801 1$bAU-PeEL 801 2$bAU-PeEL 906 $aBOOK 912 $a9910781582603321 996 $aMicrofinance and public policy$93834017 997 $aUNINA