Microfinance Institutions (MFIs) on the Remittances Market: Money Transfer Activity and Savings Mobilisation

Ritha Sukadi Mata

No 09-022.RS, Working Papers CEB from ULB -- Universite Libre de Bruxelles

Abstract: This paper is a first attempt to empirically measure the impact of a money transfer activity on MFIs’ savings mobilisation. After analysing the opportunities for MFIs to succeed in transforming remittances receivers into clients, the paper empirically tests whether MFIs operating on the remittances market have a significantly higher level of savings than others, thanks to their money transfer activity. After building our variable of interest (a dummy for the money transfer activity) based on the Mixmarket website (for the regions of Latin America and the Caribbean, East Asia and the Pacific, South Asia and Africa), we run a cross-section regression for the year 2006 between the “savings over assets” ratio as explained variable and a set of explaining variables, including our variable of interest. We find a positive and significant coefficient for the money transfer activity dummy. Latest version; August 2011 - http://www.solvay.edu/sites/upload/files/CEB_WorkingPapers/LastUpdate/wp09022.pdf

Keywords: savings; migrants’ savings; remittances; microfinance institutions (MFIs); money transfer activity. (search for similar items in EconPapers)
JEL-codes: G21 O15 O16 O17 (search for similar items in EconPapers)
Pages: 32 p.
Date: 2009
New Economics Papers: this item is included in nep-mfd, nep-mig and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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