Factors Influencing Portfolio Yield of Microfinance Institutions in Central Asia

Karel Janda and Batbayar Turbat

MPRA Paper from University Library of Munich, Germany

Abstract: We analyze the determinants of portfolio yield of microfinance institutions in Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, Azerbaijan, Mongolia, Afghanistan, and China over the period 1998-2011. We confirm that targeting women borrowers improves the financial results of microfinance institutions whereas the effectiveness of group lending or advantages of rural lending, in contrast to the initial expectations, were not confirmed. We also consider the contributions of different governance forms of microfinance institutions and the macroeconomic factors potentially influencing the financial performance of microfinance institutions. As a part of this paper we also provide a self contained introduction to microfinance theory for a reader not familiar with microfinance

Keywords: Microfinance; Central Asia; Earnings. (search for similar items in EconPapers)
JEL-codes: D14 G21 O16 P34 (search for similar items in EconPapers)
Date: 2013-09-06
New Economics Papers: this item is included in nep-dev, nep-mfd and nep-tra
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:49549

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