Kneiding, ChristophMas, Ignacio2012-08-132012-08-132009-02https://hdl.handle.net/10986/9499Microfinance institutions (MFIs) are becoming more efficient. This brief sheds light on how the age of individual MFIs and the age of the industry affect efficiency improvements. On an MFI level the authors look into scale economies, cost structure, and process durations as potential efficiency drivers. On an industry level the authors look into knowledge spillovers from one MFI to the other and market wide learning effects.CC BY 3.0 IGOACCESS TO LOANSAMOUNT OF MONEYASSESSMENT PROCESSBORROWERCONSULTING SERVICESCUSTOMER BASEECONOMIES OF SCALEFIRST LOANSHIGH INTEREST RATESINSURANCELEARNINGLEARNING CURVELOANLOAN PORTFOLIOLOAN SIZELOAN SIZESMFIMFISMICROBANKINGMICROFINANCEMICROFINANCE INDUSTRYMICROFINANCE INSTITUTIONSMONEY TRANSFERSMONEYLENDERSOPERATING COSTSPOOR CLIENTSPRODUCTIVITYSAVINGSSAVINGS SERVICESSMALL LOANSTERMS OF LOANSWEB SITEWorld Bank10.1596/9499