Financial performance and outreach : a global analysis of leading microbanks

  title={Financial performance and outreach : a global analysis of leading microbanks},
  author={Robert J. Cull},
Profitability is at the heart of the promise that microfinance can deliver meaningful poverty reduction while reaching global scale. Microfinance contracts have proven able to secure high rates of loan repayment in the face of limited liability and information asymmetries, but high repayment rates have not translated easily into profits for most microbanks. We examine why this promise remains unmet. Using a data set with unusually high-quality financial information on 124 institutions in 49… CONTINUE READING
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