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Social and financial performances of the microfinance institutions

Over the past thirty years, the increasing popularity of microfinance has generated in the institutional and public opinion strong expectations in fighting the poverty.
Decades away from the birth of this useful tool, the economic and social results obtained by the main microfinance institutions are controversy, and they are object of many debates.
One of the hottest topics is the relationship between social and financial performance. In particular, the problem stems from the fact that the primary object of microfinance is to provide access to financial services to millions of disadvantaged people, and help them to improve their living conditions. This social objective is often in contrast with financial sustainability, especially when it arises as a constraint in the process of target selection, in the decision of the amount of loans to grant and in the determination of the interest rates.
The purpose of the essay is to analyze through an empirical study the connection between social and financial goals, trying to understand if it is possible reach equilibrium between these two dimensions.

Mostra/Nascondi contenuto.
1 Introduction In 1998 the General Assembly of the United Nations requested to the Secretary General to submit to it a report on the role of microcredit in the eradication of poverty. It was the first time that has been requested to the Secretary General to report on microcredit. Decades away from the birth of this useful tool, the economic and social results obtained by the main microfinance institutions are controversy, and they are object of many debates. One of the hottest topics is the relationship between social and financial performance. In particular, the problem stems from the fact that the primary object of microfinance is to provide access to financial services to millions of disadvantaged people, and help them to improve their living conditions. This social objective is often in contrast with financial sustainability, especially when it arises as a constraint in the process of target selection, in the decision of the amount of loans to grant and in the determination of the interest rates. Is there a possibility of coexistence between social and financial goals? Microfinance institutions must aim at financial efficiency or is it also profitable an institution which aims at social performance? Can exist a balance between social and financial objectives? The purpose of the essay is to analyze the connection between social and financial goals, trying to understand if it is possible reach equilibrium between these two dimensions. To this end, the following study has been divided in three chapters. The first chapter analyzes the phenomenon of microcredit, starting from its definition and its origin, in the village of Jobra. Then the essay focuses on the reasons of the birth of this phenomenon with particular attention to the analysis of the institutions that have paved the way for the development of microcredit. Finally the chapter concludes with some considerations about the financial access and the informal market in the developing countries. The second chapter analyzes the financial and social dimension, trying to explain deeper the existent dualism between these two aspects. Moreover, the analysis focuses on tools and indicators for the assessment of the performances of the institutions. Finally there

Laurea liv.II (specialistica)

Facoltà: Economia

Autore: Fabio Bellotto Contatta »

Composta da 153 pagine.

 

Questa tesi ha raggiunto 76 click dal 01/07/2011.

Disponibile in PDF, la consultazione è esclusivamente in formato digitale.