Microfinance development in Armenia: Sectoral characteristics and problems

Knar Khachatryan and Emma Avetisyan (eavetisyan@audencia.com)
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Knar Khachatryan: GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - CNRS - Centre National de la Recherche Scientifique - UniCA - Université Côte d'Azur
Emma Avetisyan: Audencia Business School

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Abstract: The heavy-handed regulation enforced a commercialization process and as a result pushed microfinance institutions towards a commercial logic. This commercial shift, in its turn, diminished the importance of the social component.

Date: 2017-11
New Economics Papers: this item is included in nep-ban, nep-cis, nep-cwa and nep-mfd
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Citations: View citations in EconPapers (2)

Published in Strategic Change, 2017, 26 (6), pp.575 - 584. ⟨10.1002/jsc.2169⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01695638

DOI: 10.1002/jsc.2169

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