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Les déterminants des taux d’intérêt des institutions de microfinance selon l’ancienneté et la taille

Djibril Faye and Zaka Ratsimalahelo

Revue d’économie du développement, 2019, vol. 27, issue 3, 67-99

Abstract: In recent decades, the microfinance sector has been faced with unacceptable practices that manifest in a rise in interest rates and whose main objective is to ensure financial performance, to the detriment of social considerations. These interest rates depend on several internal and external factors, including the years of experience of the microfinance institution (MFI), its size, its legal status, the competition, regulation, and so on. This paper aims to study the impact of years of experience and size on the MFI?s interest rate fluctuations. To this end, we use an empirical study with a sample of 897 MFIs over twelve years (2003?2015). The estimation method used is the generalized method of moments (GMM). Our results showed that years of experience, size, and other factors, both internal and external, have a significant impact on the MFI?s interest rate variations. In particular, new, small MFIs tend to charge higher interest rates compared to bigger, older MFIs.

Keywords: microfinance institution; interest rate; age; scale (search for similar items in EconPapers)
Date: 2019
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