Types of financial institution and their supply of financial services: the case of microfinance in Europe
Sergio Lagoa and
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Sergio Lagoa: Instituto Universitário de Lisboa – ISCTE and Dinamia’Cet-IUL.
Abdul Suleman: Instituto Universitário de Lisboa – ISCTE and BRU-IUL
Working papers from Financialisation, Economy, Society & Sustainable Development (FESSUD) Project
The profit-oriented financial sector has grown in importance and influence, leading some authors to talk about a financialised economy. The question we raise in this paper is what is the role of non-profit oriented financial institutions and public programmes in the microfinance segment. We conclude that in this market there is a large diversity of institutions and non-for profit organisations have a significant role. Our analysis also shows that the diversity of institutional forms is important to foster market dimension, guarantee a good cover of the several vulnerable groups and a diversified offer of other services besides microcredit. Moreover, some specific institutions have an effect on the composition of the market in terms of personal and business loans, on loans terms, loans size, credit to targeted clients, and offer of other financial services. Moreover, we study how financial institutions cluster around some key variables. Finally, we fuzzy cluster microcredit national markets and describe how institutions types differ across the clusters.
Keywords: microfinance; financial institutions (search for similar items in EconPapers)
JEL-codes: G21 (search for similar items in EconPapers)
Pages: 51 pages
New Economics Papers: this item is included in nep-ban, nep-hme and nep-mfd
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