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What Determines Premium of MFIs in the Mena Region? A Panel Data Analysis (2004- 2014)

Philippe Adair and Imene Berguiga

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Abstract: This is the first paper to address the premium-social performance relationship upon an unbalanced panel of 66 microfinance institutions (MFIs) in the MENA region over 2004-2014. According to a fixed effects model using instrumental variables, financial sustainability is the primary determinant of premium (i.e. the financial margin), whereupon social performance has a positive albeit insignificant impact. Mature MFIs maintain financial sustainability and serve rather non-poor clients, although they tame interest rates.

Keywords: Financial margin; Interest rates; MENA region; Microfinance institutions; Social performance (search for similar items in EconPapers)
Date: 2017
New Economics Papers: this item is included in nep-ara and nep-mfd
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Published in Res J Econ, 2017, 2017

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Handle: RePEc:hal:journl:hal-01667346