What Determines Premium of MFIs in the Mena Region? A Panel Data Analysis (2004- 2014)
Philippe Adair and
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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: Social performance; Financial margin; Interest rates; MENA region; Microfinance institutions (search for similar items in EconPapers)
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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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01667346
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