Microfinance Investment Vehicles and Social Performance: Moving forward with the MACBETH Approach

Jean-Marie De Corte (), Marc Labie, Ludovic Urgeghe and Jean-Claude Vansnick

No 12-025, Working Papers CEB from ULB -- Universite Libre de Bruxelles

Abstract: In a context where MIVs face several bottlenecks regarding their future role in the microfinance industry, this paper suggests a brand new way of reviewing their commitment to double bottom line returns. We suggest using the MACBETH (Measuring Attractiveness by a Categorical Based Evaluation TecHnique) approach as an investment screening method which, combined to existing social performance tools such as the Social Performance Indicators, can ensure that investment decisions are taken in accordance with socially responsible investors’ values. This approach could contribute to the emergence of the transparency MIVs need in ensuring the whole sector that their commitment to double bottom line returns is real.

Keywords: Microfinance; Social performance; Microfinance Investment Vehicles; Investment screening; Multicriteria assessment (search for similar items in EconPapers)
JEL-codes: G11 G23 L20 O16 O17 (search for similar items in EconPapers)
Pages: 36 p.
Date: 2012-09-17
New Economics Papers: this item is included in nep-mfd
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Citations: View citations in EconPapers (2)

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