 Financial Sustainability and Outreach of MFIs in Ethiopia: Does Ownership Form Matter?Gashaw Tadesse Abate, Carlo Borzaga and Kindie Getnet Chapter 13 in Microfinance Institutions, 2014, pp 244-270 from Palgrave Macmillan Abstract: Abstract The way ownership is organized and its effects on social and economic performance have been at the centre of policy discussions in microfinance (Mersland, 2009; Mersland and Strøm, 2009). Over the last decades, shareholder-owned microfinance institutions have been promoted as an efficient ownership form over non-government and member-owned microfinance providers (Pischke, 1996; Armendáriz and Morduch, 2010). Proponents of the financial systems approach, in particular, subscribe to policies that entail the transformation of nongovernment and member-owned microfinance institutions into shareholder firms (Christen, 2001; Fernando, 2004; Rhyne and Otero, 2006; Frank, 2008). The rationale is that private ownership in microfinance can act as an external control mechanism or corporate governance system that can curb excess costs and attract commercial funds and deposits, which may improve efficiency and expand outreach to the poor (Christen, 2001). Keywords: Interest Rate; Financial Performance; High Interest Rate; Regional Income; Ownership Type (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:psifcp:978-1-137-39966-3_13 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Studies in Impact Finance from Palgrave Macmillan |
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