Publication:
Microfinance Tradeoffs : Regulation, Competition, and Financing

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dc.contributor.authorCull, Robert
dc.contributor.authorDemirgüç-Kunt, Asli
dc.contributor.authorMorduch, Jonathan
dc.date.accessioned2012-03-19T19:13:09Z
dc.date.available2012-03-19T19:13:09Z
dc.date.issued2009-10-01
dc.description.abstractThis paper describes important trade-offs that microfinance practitioners, donors, and regulators navigate. Drawing evidence from large, global surveys of microfinance institutions, the authors find a basic tension between meeting social goals and maximizing financial performance. For example, non-profit microfinance institutions make far smaller loans on average and serve more women as a fraction of customers than do commercialized microfinance banks, but their costs per dollar lent are also much higher. Potential trade-offs therefore arise when selecting contracting mechanisms, level of commercialization, rigor of regulation, and the extent of competition. Meaningful interventions in microfinance will require making deliberate choices - and thus embracing and weighing tradeoffs carefully.en
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20091021111857
dc.identifier.doi10.1596/1813-9450-5086
dc.identifier.urihttps://hdl.handle.net/10986/4278
dc.languageEnglish
dc.relation.ispartofseriesPolicy Research Working Paper ; No. 5086
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO FINANCE
dc.subjectACCOUNTING
dc.subjectADMINISTRATIVE BURDENS
dc.subjectADVERSE SELECTION
dc.subjectAFFILIATE
dc.subjectALLOCATION OF CAPITAL
dc.subjectASYMMETRIC INFORMATION
dc.subjectBANK BRANCHES
dc.subjectBANK POLICY
dc.subjectBANKING SECTOR
dc.subjectBANKING SERVICES
dc.subjectBANKS
dc.subjectBORROWER
dc.subjectBORROWING
dc.subjectCAPITAL COSTS
dc.subjectCAPITAL MARKETS
dc.subjectCOLLATERAL
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMERCIAL FUNDING
dc.subjectCOMMERCIAL LENDERS
dc.subjectCOMMERCIAL LENDING
dc.subjectCOMMERCIAL TERMS
dc.subjectCONFIDENTIALITY
dc.subjectCOST OF CAPITAL
dc.subjectCOST OF FUNDS
dc.subjectCREDIT BUREAUS
dc.subjectCREDIT MARKET
dc.subjectDELINQUENCY RATES
dc.subjectDEMAND FOR CREDIT
dc.subjectDEPOSIT
dc.subjectDEPOSIT ACCOUNTS
dc.subjectDEPOSIT RATE
dc.subjectDEPOSIT-TAKING INSTITUTIONS
dc.subjectDEPOSITS
dc.subjectDEVELOPING COUNTRIES
dc.subjectDOUBLE BOTTOM LINE
dc.subjectDUMMY VARIABLES
dc.subjectENTREPRENEURS
dc.subjectFEMALE CLIENTS
dc.subjectFINANCIAL ACCESS
dc.subjectFINANCIAL DATA
dc.subjectFINANCIAL INFORMATION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL PERFORMANCE
dc.subjectFINANCIAL RATIOS
dc.subjectFINANCIAL RETURNS
dc.subjectFINANCIAL SELF-SUFFICIENCY
dc.subjectFINANCIAL SELF-SUSTAINABILITY
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL SUSTAINABILITY
dc.subjectFUNDING SOURCES
dc.subjectGOVERNANCE INDICATORS
dc.subjectGRAMEEN BANK
dc.subjectGROWTH RATE
dc.subjectHOUSEHOLDS
dc.subjectIMPLICIT SUBSIDIES
dc.subjectINCOME
dc.subjectINCOME DISTRIBUTION
dc.subjectINCOME LEVELS
dc.subjectINFLATION
dc.subjectINFORMATION ASYMMETRIES
dc.subjectINSTITUTIONAL DEVELOPMENT
dc.subjectINSURANCE
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINTEREST RATES ON LOANS
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL BANKING
dc.subjectINTERNATIONAL FINANCIAL STATISTICS
dc.subjectJOINT LIABILITY
dc.subjectLABOR COSTS
dc.subjectLENDER
dc.subjectLENDING AGREEMENTS
dc.subjectLOAN
dc.subjectLOAN DELINQUENCIES
dc.subjectLOAN DELINQUENCY
dc.subjectLOAN PORTFOLIO
dc.subjectLOAN PORTFOLIOS
dc.subjectLOAN QUALITY
dc.subjectLOAN REPAYMENT
dc.subjectLOAN REPAYMENT RATES
dc.subjectLOAN SIZE
dc.subjectLOAN SIZES
dc.subjectMARKET FAILURES
dc.subjectMARKET INFORMATION
dc.subjectMARKET MECHANISM
dc.subjectMEASURES OF PROFITABILITY
dc.subjectMFI
dc.subjectMICROBANKING
dc.subjectMICROCREDIT
dc.subjectMICROFINANCE
dc.subjectMICROFINANCE INSTITUTION
dc.subjectMICROFINANCE INSTITUTIONS
dc.subjectMICROFINANCE PRACTITIONERS
dc.subjectMICROFINANCE SECTOR
dc.subjectMOBILE BANKING
dc.subjectMONETARY FUND
dc.subjectMORAL HAZARD
dc.subjectNONBANK FINANCIAL INSTITUTIONS
dc.subjectOPEN MARKET
dc.subjectOPERATING COST
dc.subjectOPERATING COSTS
dc.subjectOPPORTUNITY COST
dc.subjectOUTREACH
dc.subjectOWNERSHIP STRUCTURE
dc.subjectPOOR BORROWERS
dc.subjectPOOR HOUSEHOLDS
dc.subjectPORTFOLIO QUALITY
dc.subjectPROFITABILITY
dc.subjectPRUDENTIAL REGULATION
dc.subjectPRUDENTIAL SUPERVISION
dc.subjectPUBLIC OFFERING
dc.subjectRATES OF INTEREST
dc.subjectREGULATOR
dc.subjectREGULATORS
dc.subjectREGULATORY AUTHORITY
dc.subjectREGULATORY ENVIRONMENT
dc.subjectREMITTANCE
dc.subjectREMITTANCE SERVICES
dc.subjectRETURN
dc.subjectRETURN ON ASSETS
dc.subjectRETURN ON EQUITY
dc.subjectRETURNS
dc.subjectRISK SHARING
dc.subjectSAVINGS
dc.subjectSMALL LOANS
dc.subjectSOURCE OF FUNDS
dc.subjectSUBSIDIZATION
dc.subjectTRANSACTION
dc.subjectTRANSACTION COSTS
dc.subjectTRANSACTIONS COSTS
dc.subjectVILLAGE
dc.subjectVILLAGE BANKS
dc.subjectWOMEN BORROWERS
dc.titleMicrofinance Tradeoffs : Regulation, Competition, and Financingen
dspace.entity.typePublication
okr.crossref.titleMicrofinance Tradeoffs : Regulation, Competition, And Financing
okr.date.doiregistration2025-04-10T12:03:26.122338Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20091021111857
okr.guid846571468339264494
okr.identifier.doi10.1596/1813-9450-5086
okr.identifier.externaldocumentum000158349_20091021111857
okr.identifier.internaldocumentum11238609
okr.identifier.reportWPS5086
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2009/10/21/000158349_20091021111857/Rendered/PDF/WPS5086.pdfen
okr.sectorFinance :: General finance sector
okr.themeFinancial and private sector development :: Other financial and private sector development
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isAuthorOfPublication234a20c0-893c-561a-8c90-6f5be5be5b9b
relation.isAuthorOfPublication.latestForDiscovery234a20c0-893c-561a-8c90-6f5be5be5b9b
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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