What macro factors make microfinance institutions reach out?

Annabel Vanroose

No 08-036.RS, Working Papers CEB from ULB -- Universite Libre de Bruxelles

Abstract: This paper identifies factors that explain why microfinance institutions are reaching more clients in some countries than in others. To that end, the paper applies a cross-country analysis on a unique dataset covering 115 countries. Results indicate that the microfinance sector is more present in the richer countries of the developing world. It also reaches more clients in countries that receive more international support. Population density plays also a positive role, which could explain why the sector is still underdeveloped in rural areas. The level of industrialisation and inflation do not seem to influence microfinance outreach, while regional dummies do.

Keywords: microfinance; financial sector development; aid; developing world (search for similar items in EconPapers)
JEL-codes: G21 G28 O57 (search for similar items in EconPapers)
Pages: 26 p.
Date: 2008-10
New Economics Papers: this item is included in nep-afr, nep-cfn, nep-dev and nep-mfd
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (32)

Published by: Université Libre de Bruxelles, Solvay Business School, Centre Emile Bernheim (CEB)

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