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Journal articles on the topic 'Microfinance Bank'
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1
Musanganya, Isabelle, Chantal Nyinawumuntu, and Pauline Nyirahagenimana. "THE IMPACT OF MICROFINANCE BANKS IN RURAL AREAS OF SUB-SAHARAN AFRICA." International Journal of Research -GRANTHAALAYAH 5, no. 9 (September 30, 2017): 80–90. http://dx.doi.org/10.29121/granthaalayah.v5.i9.2017.2201.
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Many researchers consider microfinance as a tool for poverty reduction. Even more, especially in post-conflict African countries, micro-financial institutions are seen as an opportunity of reconciliation. Lending from microfinance institutions to that from traditional banks and examine their respective effects upon economic growth has been practiced in some sub-Saharan countries. Considerable progress in research has been found that microfinance loans raise growth comparatively to that of traditional banks. A lot of number of researches carried out in sub-Saharan countries even in other developing countries outside of Africa did not find strong evidence that bank loans raise growth. There is, however, some evidence that bank loans do increase investment, whereas microfinance loans do not appear to do so. Differently, other researchers highlighted clearly that microfinance can provide its contribution on poverty reduction and better access to finance needed for startup micro-entrepreneurs along the world. These results suggest that microfinance loans are not primarily invested as physical capital in developing countries, but could still augment total factor productivity, whereas banks may have been financing non-productive investments. Herein, we highlighted the impact of microfinance banks on developing countries economic growth. We also indicate how microfinances system incorporated in rural areas boosted the lifestyle of poor people in Sub-Saharan Africa.
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Afolabi, Adeoye Amuda. "Microfinance bank and entrepreneurship development in an emerging market." Risk Governance and Control: Financial Markets and Institutions 6, no. 4 (2016): 56–65. http://dx.doi.org/10.22495/rcgv6i4art8.
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We determine how Microfinance Banks (MFBs) impacts on entrepreneurship development in Nigeria. Data were collected through structured interview from entrepreneurs, Microfinance Bank managers and Regulators. The finding revealed that non-financial services of Microfinance Banks contribute to the survival of entrepreneurs and there is indication that Microfinance Banks enhance the productivity of entrepreneurship. This finding supports the evidence from the Central Bank of Nigeria (CBN) that there is an increase in total assets, Investment and Deposit Liabilities of MFBs in recent times. Beside this, respondents claimed that influence and control over entrepreneurships financing by Microfinance Banks should be view as partially effective. This result suggest that although Microfinance Banks in Nigeria are trying their best, there is need to put more effort in order to meet total demand of financing the entrepreneurships in Nigeria. We recommend that MFBs should assist their clients by providing training on credit utilization and the government should urgently tackle the problem of infrastructure development and maintenance.
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Мягких, Никита, Nikita Myagkikh, Елена Калачева, and Elena Kalacheva. "BANKS’ PRESENCE ON RUSSIAN MICROFINANCE MARKET: REASONS, TRENDS, CONSEQUENCES." Bulletin of Kemerovo State University. Series: Political, Sociological and Economic sciences 2017, no. 1 (March 25, 2017): 47–52. http://dx.doi.org/10.21603/2500-3372-2017-1-47-52.
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The article deals with the problem of banks’ active entering on the microfinance market through bank-affiliated microfinance institutions (MFI). The subject of this article is Russian MFI’s market; aims of this article are to reveal consequences of bank’s expansion on microfinance market and to develop recommendations for further functioning considering current trends. During the research there has been shown a specificity of MFI’s functioning; also there have been considered MFI’s functions and there has been given a description of MFI’s main forms, i.e. microfinance company and microcredit company. Reasons of banks’ entering on MFI’s market have been analyzed. Actual consequences of “bank” MFI’s entering the microfinance market have been reflected. As a result of the research, a conclusion has been drawn about the fact that banks’ presence on microfinance market is at variance with its origins – microcrediting of population and subjects of small and medium business on reductive conditions. For the protection of MFI’s market’s origins it has been advised to divide this market into two segments (“bank” and “non-bank” segments) with their own approaches in regulation. Such market’s segmentation would allow one to ensure competitive advantages for different kinds of MFI which should provide profitable condition of crediting for multiple groups of borrowers.
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G., Agbele, and Onoriode O.H. "Effect of Ouchi Theory Z on the Performance of Selected Microfinance Banks in Warri Metropolis in Delta State." British Journal of Library and Information Management 4, no. 2 (May 3, 2021): 54–59. http://dx.doi.org/10.52589/bjmms-vapfdisw.
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The study focused on the effect of Ouchi theory Z on the performance of selected Microfinance Banks in Warri Metropolis in Delta State. The hypothetical aim was to ascertain the type of relationship that exists between the variables. The population covered 50 staff (Senior and Junior) of the selected Microfinance Bank in the area under study. The instrument employed for data collection was through personal (face-to-face) discussion with the respondents. Positive and reliable results were obtained. The data was analyzed through tables and chi-square statistical technique. The findings revealed that negative correlation exists between Ouchi theory Z and performance of Microfinance Bank. Calculated value less than the critical value (0.722 < 3.84) was equally 0bserved. This connotes a negative relationship between the dependent and independent variable. Microfinance banks in the area under study have been operating independently without the application of Ouchi theory Z that encourages workers/employees satisfaction that result in an increase in productivity. The study recommended that team work should be encouraged among Microfinance Bank. There should be employee participation in decision making and strategic planning among Microfinance Banks. Again, constant and continuous communication (CCC) leadership style should be maintained between employees and employers of Microfinance Banks for maximum productivity.
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G., Agbele, and Onoriode O.H. "Effect of Ouchi Theory Z on the Performance of Selected Microfinance Banks in Warri Metropolis in Delta State." British Journal of Management and Marketing Studies 4, no. 2 (May 3, 2021): 54–59. http://dx.doi.org/10.52589/bjmms-vapfdis.
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The study focused on the effect of Ouchi theory Z on the performance of selected Microfinance Banks in Warri Metropolis in Delta State. The hypothetical aim was to ascertain the type of relationship that exists between the variables. The population covered 50 staff (Senior and Junior) of the selected Microfinance Bank in the area under study. The instrument employed for data collection was through personal (face-to-face) discussion with the respondents. Positive and reliable results were obtained. The data was analyzed through tables and chi-square statistical technique. The findings revealed that negative correlation exists between Ouchi theory Z and performance of Microfinance Bank. Calculated value less than the critical value (0.722 < 3.84) was equally 0bserved. This connotes a negative relationship between the dependent and independent variable. Microfinance banks in the area under study have been operating independently without the application of Ouchi theory Z that encourages workers/employees satisfaction that result in an increase in productivity. The study recommended that team work should be encouraged among Microfinance Bank. There should be employee participation in decision making and strategic planning among Microfinance Banks. Again, constant and continuous communication (CCC) leadership style should be maintained between employees and employers of Microfinance Banks for maximum productivity.
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Abdallah Alshammari, Ahmed Mahmoud, and Wan Mohd Nazri Wan Daud. "The Effect of Microfinance Bank Services on Women Empowerment: The case for Women Entrepreneurs in Irbid, Jordan (SMEs)." Journal of Entrepreneurship and Business 9, no. 1 (June 30, 2021): 38–49. http://dx.doi.org/10.17687/jeb.v9i1.415.
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Generally, women, entrepreneurs face problems in accessing funding due to factors that stem from cultural values, ??societal needs, family ties, illiteracy, gender discrimination, strict government policies, economic crisis, and the lack of training in entrepreneurship and skills acquisition that hinders entrepreneurial activities. This study was conducted to examine the impact of microfinance bank services in empowering female entrepreneurship in Irbid Governorate. The study used a cross-sectional survey research design consisting of 20,000 registered businesswomen. A total of 392 working women were selected using stratified sampling technique and the data was analysed using Least Square Structural Equation Modelling (PLS-SEM) with the help of SmartPLS3 software. The results showed that microfinance loans, microfinance savings, and financial interventions or donations had a significant, positive impact on empowering women's businesses in Irbid, Jordan. The study concluded that microfinance deposits could elevate women’s income and act as a guarantee to obtain loans and other microfinance services. Consequently, microfinance institutions (MFIs) should empower more women-owned businesses. In addition, the government through the Central Bank of Jordan should reduce the interest rate of microfinance banks to attract more female entrepreneurs and create more microfinance bank plans and financial intervention packages to enhance financial services to ensure donations and funds reach women entrepreneurs.
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Wardhana, Leo Indra, Fani Pramuditya, and Elton Buyung Satriyanto. "Microfinance and Inequality: Case of Indonesia." SRIWIJAYA INTERNATIONAL JOURNAL OF DYNAMIC ECONOMICS AND BUSINESS 4, no. 3 (September 28, 2020): 211. http://dx.doi.org/10.29259/sijdeb.v4i3.211-228.
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This study investigates the role of microfinance from small-sized banks, usually with a limited geographical area of operation, in Indonesia, namely Bank Perkreditan Rakyat (BPR) on the income inequality. Using a province level panel data of 2012-2018 the results show that loans from such a bank are associated with income inequality reduction, supporting the arguments that microfinance contributes to income inequality reduction. This study has an important policy implication regarding the existence of BPR in Indonesia.
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Mohan, Brij. "A microfinance bank is born." Small Enterprise Development 15, no. 2 (June 10, 2004): 9–10. http://dx.doi.org/10.3362/0957-1329.2004.017.
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Susilo, Edi. "MANAJEMEN LIKUIDITAS LEMBAGA KEUANGAN MIKRO SYARIAH NON BANK (BMT) DENGAN AKAD TAWARRUQ." JURNAL ILMIAH EKONOMI ISLAM 3, no. 01 (March 30, 2017): 1. http://dx.doi.org/10.29040/jiei.v3i01.67.
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Non-bank Islamic microfinance institutions (BMT) are legal entity Cooperative have no instrument to fulfill liquidity needs as Islamic banking. Whereas the BMT should provide liquidity fund for the partners / members at any time. This article uses descriptive analytical method, to understand deeply the Tawarruq contract as liquidity management solutions Non-bank Islamic Microfinance Institutions (BMT). The results show the Tawarruq contract can be revitalized by necessity of the present to fulfill the liquidity needs of Non-bank Islamic Microfinance Institutions (BMT). Keywords: Tawarruq, Islamic Microfinance Institutions, BMT
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Njagi, Joram Nyaga, and Charity Njoka. "Microfinance Reforms and Financial Inclusion in Kenya." International Journal of Current Aspects in Finance, Banking and Accounting 3, no. 1 (August 28, 2021): 54–72. http://dx.doi.org/10.35942/ijcfa.v3i1.181.
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Statistics indicate that about 1.7 billion people can’t access a savings account and slightly above 200 million small and medium-sized enterprises are deprived access to satisfactory financial solution. Kenya views microfinances as a development instrument for poverty lessening and economic growth through ensuring financial inclusion. It is due to the acceptance of this vital role of Microfinance that Kenya has undertaken strategic microfinance reforms and regulations aimed at promoting financial inclusion through microfinance business. The research’s general objective is to examine the effect of microfinance reforms on financial inclusion. Specifically, to determine the influence of microfinance transformation from non-deposit taking into a deposit-taking microfinance institutions on financial inclusion, to examine the association between microfinance board characteristics and public trust, to investigate the effect of microfinance licensing requirements on financial inclusion and to examine the effect of microfinance prudential standards requirements on financial inclusion in Kenya. The research adopted Financial Intermediation Theory and Public Interest Theory of Regulation. This research utilized descriptive research design and the population targeted included all the thirteen Microfinance institutions, which were licensed by the central bank of Kenya as at 2018. The study used purposive sampling to select six microfinance banks. Both descriptive and inferential statistics were done by use of multiple linear regression analysis. The research results indicated that microfinance transformation (pvalue=0.001), board characteristics (pvalue=0.042), licensing requirements (pvalue=0.035) and prudential standards (pvalue=0.002) significantly influenced financial inclusion. Results from regression analysis indicated a strong relationship between microfinance transformation, board characteristics, licensing requirements and prudential standards and financial inclusion. The study concluded that financial inclusion in micro financial institutions increases when there is sound microfinance transformation, board characteristics, legal requirements, and prudential standards. From the findings, the study recommended that micro financial institutions should support institutions reform functions and processes. Further the study recommended that micro financial institutions should recruit adequate and proficient workers and offer satisfactory training as well as certification for professional appreciation on strategies for microfinance reform processes and their influence on the financial inclusion of the micro financial institution. The research recommends that board members should be reliable and open so as to substantially contribute to financial performance.
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Aslam, Mohammad, Senthil Kumar, and Shahryar Sorooshian. "Predicting Likelihood for Loan Default Among Bank Borrowers." International Journal of Financial Research 11, no. 1 (October 10, 2019): 318. http://dx.doi.org/10.5430/ijfr.v11n1p318.
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Poverty is a threat to the world. In its extreme form at any part of the world, it will make endanger rest of the world. In fact, it is the source of crime and the worst form of violence. The poor people do not commit any crime but they get punishment out of being born as a poor that is not controllable in their hand. Microfinance has been designed to eliminate poverty and help marginal and poor people through small income generating activities. The borrowers need capital to materialize their dream, may be in a small amount and microfinance can play important role in this scenario. Through microfinance, small entrepreneurs may acquire necessary inputs to start their business. Both local governments and international agencies are trying to eliminate poverty through microfinance programs, services and guidelines. With this concept, Microfinance has been hosted primarily in Bangladesh. Grameen Bank (GB) has been serving large number of people below poverty level in Bangladesh. However, impact of microfinance is still questionable in several studies. Microfinance used properly and returned back to the lender with stipulated amount and time shows its working effectively for poverty alleviation. Otherwise, there must be loan default and the whole system may be in question. We survey with questionnaire to find out factors contributing to loan default among GB borrowers using binomial logistic regression. The results showed that some factors were crucial for loan default and should be treated properly at the start of lending.
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Muriithi Njue, Alex, Samuel Nduati Kariuki, and Duncan Mugambi Njeru. "Liquidity Management and Financial Performance of Microfinance Institutions in Kenya." Journal of Social Sciences Research, no. 611 (November 19, 2020): 943–53. http://dx.doi.org/10.32861/jssr.611.943.953.
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Sound liquidity management is integral for any financial institution’s stability and profitability, since deteriorating liquidity management is the most frequent cause of poor financial performance. As with any financial institution, the biggest risk in microfinance sector is lending money and not getting it back leading to liquidity problems as most of them have no access to lender of the last resort which is the Central Bank of Kenya. The study sought to investigate the effect of liquidity management on financial performance of microfinance institutions in Kenya. The target population of the study was all the twenty-six microfinance in Kenya that are members of Association of Microfinance Institutions and were licensed by the Central Bank of Kenya as at 2017. A census of all the twenty-six 26 Microfinance Institutions in Kenya was conducted for five years from 2012 to 2016. Secondary data on the study variables was gathered from the audited financial statements of the Microfinance Institutions. The study employed random effect model on a 5-year panel data from 2012 to 2016 on all the 26 Microfinance Institutions in Kenya. The study found a positive relationship between capital adequacy and financial performance and a negative relationship between asset quality, maturity gap and financial performance. The study would help Microfinance Institutions as they would use the research findings to develop liquidity management strategies to enable Microfinance Institutions improve on their financial performance.
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Davis, Rebecca, Elvis K. Donkoh, Bernard Mawah, and Blessed Amonoo. "Internal Financial Risk Management In Microfinance Companies: A Case Study Of Akuapem Rural Bank, Ghana." International Journal of Statistics and Probability 7, no. 5 (August 9, 2018): 64. http://dx.doi.org/10.5539/ijsp.v7n5p64.
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The operations of Microfinance Institutions (MFIs) in Ghana have recently come under serious public scrutiny. This position was fairly caused by Bank of Ghana’s (BOG’s) announcement regarding 70 microfinance companies whose provisional licenses were revoked BOG (2016). This led to the closure of DKM Diamond Microfinance and some other microfinance companies in the country. This worsening circumstance surrounding the microfinance industry calls for the need to provide practical knowledge on the use of financial analysis tools to manage internal financial risks of the microfinance industry. Data from Akuapem Rural Bank (AKRB) financial statements for the period of 2008 to 2015 (refer to appendix) was analysed using regression analysis, descriptive statistics, trend analysis and ratios. It was observed that the profitability of AKRB is greatly influenced by credit risks, bank size, interest income growth and debt-ratio. The study also revealed that AKRB had comprehensive and adequate risk management structures in place in managing its credit and other operational risks.
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Rakshit, Sandip, and Mokhalles Mohammad Mehdi. "Standard microfinance bank, Nigeria: developing underserved markets." Emerald Emerging Markets Case Studies 11, no. 2 (August 16, 2021): 1–24. http://dx.doi.org/10.1108/eemcs-10-2019-0257.
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Learning outcomes To understand the challenges of building a successful business in an emerging market like Yola, Nigeria. To understand the role of micro-finance banks in doing business in Yola, Nigeria. To comprehend strategies adopted in market segmentation and sales of products or services to the customer. To apprehend strategies adopted to sustain and compete in Nigeria – both rural and urban. Case overview/synopsis Standard Microfinance Bank Limited (SMFB) was a private micro-finance bank situated at Yola, Adamawa State of Nigeria. It initially started as a community bank in 1992 to provide loans to individuals and small business owners in Adamawa. It started with the services of payment service and savings account with a limited lending capacity. It had become a full-fledged retail bank and was grown to 13 branches across Nigeria. It planned for expansion such as market development, product development and diversification by the year 2020. It had a customer base of 60,000 till the end of December 2018. Vazheparambil Mani Francis was the Chief Executive Officer (CEO) of the SMFB. The SMFB faced challenges such as operating the remote villages, lack of financial literacy among people, recovery of the loan amount, submission of false credentials and change of customer identity after loan by their customer. It was not going to be an easy task for him to operate the business of SMFB in Nigeria. However, in December 2018, Francis was facing a dilemma about the future success of SMFB business in Nigeria by looking into the challenges and complexities of business. Francis was determined to figure out the appropriate growth strategy for managing the challenges. Complexity academic level Undergraduate and graduate early-stage program. Supplementary materials Teaching notes are available for educators only. Subject code CSS 11: Strategy.
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Ghalib, Saladin. "Microfinance strategy and its impact on profitability and operating efficiency: evidence from Indonesia." Investment Management and Financial Innovations 14, no. 2 (June 2, 2017): 51–62. http://dx.doi.org/10.21511/imfi.14(2).2017.05.
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After the Asian crisis in 1998, Indonesian banking transformed very quickly into more market-oriented banking. This development increased the competition, on the one hand, and pressure to perform better financially, especially after foreign investor taking over the ownership, on the other hand. Some banks transformed their business strategies into a microfinance bank for profit motives. Such strategy jointly results in significant profitability and efficiency. Using SUR regression, it is found that for the profitability equation, the profitability relates to the size of the bank, the loan loss reserve to gross loan (LLRGL), equity ratio (ETA) and fixed asset ratio (FIXASEQ). For operating efficiency (CIR), the result is similar and only the sign is different. Interestingly that for profitability, the microfinance strategy (MFS) is significant, but not for operating cost efficiency. It implies the need for more cost efficient commercial banks entering microfinance business as it will benefit small borrowers in terms of lower interest margin.
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Aslam, Mohammad, Senthil Kumar, and Shahryar Sorooshian. "Impact of Microfinance on Poverty: Qualitative Analysis for Grameen Bank Borrowers." International Journal of Financial Research 11, no. 1 (October 10, 2019): 49. http://dx.doi.org/10.5430/ijfr.v11n1p49.
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Poverty is economic, social, political and even moral issue all over the world. Microfinance has been designed to eliminate poverty and may help marginal people to materialize their dreams. Microfinance has been formalized primarily in Bangladesh with this concept. Grameen Bank (GB) has been serving large number of people below poverty level here. Initially, microfinance institutions have been supported by the Government or Donor assuming its positive impact on borrowers. However, ambiguous impacts have been reported in several studies that make microfinance questionable. Therefore, this study intent to measure the impact of microfinance on GB borrowers through the process of qualitative changes in borrowers lives. The process has been measured by some case studies for participant and non-participant borrowers using Modified Household Economic Portfolio Model (M - HEPM). Our qualitative analysis shows that microfinance makes positive changes in the process of borrowers lives observed through financial and activity diaries of the borrowers.
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Saravanan, Sivagandhi, and K. R. Shanmugam. "Determinants of Microfinance Outreach in India: Empirical Evidence." Applied Economics Quarterly: Volume 66, Issue 2 66, no. 2 (April 1, 2020): 165–78. http://dx.doi.org/10.3790/aeq.66.2.165.
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Using a panel data on the Microfinance-Bank Linkage Program (2008–2015), this paper examines the determinants of the program’s outreach. The results indicate that microfinance outreach has not been a key indicator for addressing economic and social issues. The study underscores that the program favors income-rich rather than poor states: the average loan is correlated with higher per capita income and high economic growth at the state level. Literacy, NPA, and bank ownership also matter in determining microfinance outreach.
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Cheaseth, Seng, Seng Samreth, and Im Sethyra. "Board governance regulation, practices and their relationships with financial performance: Cambodian bank and microfinance institution context." Corporate Ownership and Control 7, no. 4 (2010): 25–33. http://dx.doi.org/10.22495/cocv7i4sip4.
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To improve corporate governance practices of bank and microfinance institutions, the Cambodia National Bank has developed and imposed governance practices regulation for the sector. The current study investigates the current board governance practices of the sector and determines how the practices impact on financial performance. In addition, it tests the validity of relevant corporate governance theories to the context and the benefits of the regulation. The findings indicate that current board governance practices of the sector meet the minimum requirements of the regulation and, to a great extent, have positive impact on financial performance. The relevant theories validated and supported in the context of Cambodia banks and microfinance institutions.
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Wachira, Bernard Ndirangu, Humphrey Opiyo Omondi, and Josphat K. Kinyanjui. "Analysis of Post Loan Disbursement Allocation and Performance of Non-Prime Household Loan in Microfinance Banks in Kenya." Management and Economics Research Journal 03 (2017): 42. http://dx.doi.org/10.18639/merj.2017.03.456827.
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The part played by non-prime household loans in improving the lives of many people who cannot afford collateral globally cannot be ignored. Many Microfinance Banks in many economies worldwide have tried to maintain the Grameen Bank Model of granting microloans, mainly non-prime household loans. However, the credit risks associated with this initiative hamper the pace at which the granting of this credit facility is expected to grow. This study intends to explore the relationship between the post loan disbursement allocation and the performance of non-prime household loans in the Microfinance Banks in Kenya. The theory associated to this study is the Credit Risk Theory. This theory, which is regarded as credit structural theory, was developed by Merton in 1972. The descriptive survey research design method was applied, and the sample size was 150 respondents. The data-collection tool used was a questionnaire. A logistic regression analysis was conducted for the purpose of predicting non-prime household performance in the Microfinance Banks using training budget, recoveries budget, percentage of training budget, and percentage of recoveries budget as predictors. The Wald test shows that training budget, recoveries budget, and percentage of training budget were good predictors, making a significant contribution to prediction. The percentage of budget on recoveries was not a significant predictor. The Microfinance Banks should enhance the performance of non-prime household loans through capacity building to the borrowers and educate the borrowers on dangers of enforced loan recoveries. The government, through the Central Bank of Kenya, should have a training policy for the Microfinance Banks so that they can enlighten the borrowers on proper financial management to avoid conflicts with borrowers during loan recoveries.
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Zulfiqar, Ghazal M. "From Kashf Foundation to Kashf Microfinance Bank—Changing Organizational Identities." Asian Journal of Management Cases 14, no. 2 (September 2017): 94–114. http://dx.doi.org/10.1177/0972820117713595.
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This case documents the challenges faced by the Kashf Microfinance Bank (KMFB) in 2012, when it was a relatively new entrant in a financial industry established by the 2001 Microfinance Institutions Ordinance. The case documents the difficulties KMFB faced in establishing itself as a microfinance bank, moved away from the unregulated NGO sector where its parent company, Kashf Foundation, was situated. As a microfinance bank KMFB faced the simultaneous challenge of surviving the start-up stage and adapting to the stringent banking regulations placed on it by the State Bank of Pakistan (SBP). The latter required learning to strike a balance between the sometimes conflicting banking and development institutional logics, a typical problem for hybrid institutions with a social mission. As KFMB grappled with trying to meet the SBP’s requirements on capital adequacy, it faced a repayment crisis originating from its parent company, wiping out a significant portion of its equity. The case focus is on a decision KMFB’s board must take, regarding whether or not to invite a new majority shareholder to bring the Bank out of the red. This includes the decision criteria for choosing a shareholder that will uphold KMFB’s mission of financial inclusion.
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BIN SAIF, OSMAN, TAQADUS BASHIR, and SHAHAB AZIZ. "Role of Competition and Stakeholders in Driving Financial Performance: A Case of Microfinance Banks of Pakistan." International Review of Management and Business Research 9, no. 4 (December 7, 2020): 299–308. http://dx.doi.org/10.30543/9-4(2020)-25.
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Theoretical and conceptual literature shows that stakeholder integration has some impact on the financial performance of the non-financial firms, while this study tests the above relationship in microfinance bank setting in Pakistan. The mediating role of competitive intensity has also been tested. The results shows that stakeholder integration has strong positive impact on financial performance while competitive intensity magnifies the impact on financial performance. Keywords: Stakeholder Integration, Competitive Intensity, Financial Performance, Microfinance Banks, Pakistan.
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BIN SAIF, OSMAN, TAQADUS BASHIR, and SHAHAB AZIZ. "Role of Competition and Stakeholders in Driving Financial Performance: A Case of Microfinance Banks of Pakistan." International Review of Management and Business Research 9, no. 4 (December 7, 2020): 299–308. http://dx.doi.org/10.30543/9-4(2020)-25.
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Theoretical and conceptual literature shows that stakeholder integration has some impact on the financial performance of the non-financial firms, while this study tests the above relationship in microfinance bank setting in Pakistan. The mediating role of competitive intensity has also been tested. The results shows that stakeholder integration has strong positive impact on financial performance while competitive intensity magnifies the impact on financial performance. Keywords: Stakeholder Integration, Competitive Intensity, Financial Performance, Microfinance Banks, Pakistan.
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AKANDE, SHITTU SAHEED, GBOLAGADE ADEKOLA SIKIRULAHI, and EUNICE AFOLAKE. "THE EFFECT OF MICROFINANCE BANK ON POVERTY ALLEVIATION, A SURVEY OF SELECTED MICROFINANCE BANK IN OSUN STATE." International Journal of Social Sciences and Management Review 03, no. 04 (2020): 97–105. http://dx.doi.org/10.37602/ijssmr.2020.3407.
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Akingunola, Richard O., Enitan O. Olowofela, and Lateef Yunusa. "Impact of Microfinance Banks on Micro and Small Enterprises in Ogun State, Nigeria." Binus Business Review 9, no. 2 (July 31, 2018): 163–69. http://dx.doi.org/10.21512/bbr.v9i2.4253.
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This research investigated the impact of microfinance on Micro and Small Enterprise (MSE) in Ogun State, Nigeria. There were two research problems. First, it was whether microfinance bank (financial intermediation services) assists MSEs in Ogun State, Nigeria. Second, it was whether microfinance banks assist MSEs in improving the volume of trade they engaged in Ogun State, Nigeria. The purposive and stratified sampling method was used. The survey obtained 408 respondents in MSEs in Ogun State. The research problems were tested with simple regression analysis. Findings from the first problem show that there is a negative relationship between intermediary financial services (credit disbursement) and MSEs. The second finding also shows there is a positive relationship between microcredit and business expansion. The research concludes that businesses that access microcredit have grown averagely regarding business expansion. Therefore, it is recommended that microfinance banks should increase the size of loan and interest charged to MSEs, so they have enough funds to finance their operations. The researchers further recommend that government should review the activities of microfinance institutions.
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Fofana, Ibrahim. "PROSPECTS FOR ISLAMIC MICROFINANCE UNDER THE EXISTING LEGAL AND REGULATORY FRAMEWORK IN LIBERIA." IIUM Law Journal 28, no. 2 (January 22, 2021): 597–620. http://dx.doi.org/10.31436/iiumlj.v28i2.448.
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There is no specific regulation or legislative framework for Islamic microfinance operations in Liberia. This is largely due to the non-application of Islamic laws in the country, despite the increasing economic strength of Muslims in the country. This article aims to examine whether the existing laws in Liberia permit the establishment and operation of Islamic microfinance. The research employed a qualitative analytical approach, which examines legal and regulatory framework for the microfinance sector in Liberia. The materials and data which include related laws were collected, and analysed inductively to suit the needs of the research. This article argues that, the existing laws including the Liberian constitution and other relevant financial regulations such as, the Central Bank of Liberia Act of 1999, the New Financial Institutions Act of 1999 and the Microfinance Policy and Regulatory & Supervisory Framework for Liberia (MPRSFL) have no objection to the introduction of Islamic microfinance in the country. This research is a first to appraise critically some relevant laws on the legal framework of microfinance in Liberia and its relevance to Islamic microfinance. The Financial Institutions Act of 1999 confers on the Central Bank of Liberia the powers to regulate and supervise all financial institutions in the country, including the microfinance providers. The article concludes that the stakeholders need to continue supporting the microfinance sector, including Islamic microfinance in Liberia by building an appropriate legal ecosystem that providing for a smooth running of microfinance programmes in the country.
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Appiah, Ebenezer, Deborah Darko Ampeah, and Wonder Agbenyo. "Investigating Factors that Influence SME’s Choice of Services Rendered by Microfinance Institutions: Evidence from La-Nkwantanang Municipality in Ghana." International Journal of Economics and Finance 11, no. 2 (January 10, 2019): 98. http://dx.doi.org/10.5539/ijef.v11n2p98.
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There is a recent wave of collapsing Microfinance Institution’s in Ghana which causes SMEs to think critically about the MFI’s they choose to bank with. This has given birth to the investigation of factors that influence SMEs choice of services rendered by microfinance institutions in Ghana. The study adopted the descriptive research design. Stratified random sampling technique was used to select the SMEs for this study and data was collected from a sample of 384 using questionnaires and 279 were returned. The study revealed that electronic banking, convenience and security influences, reputation and legal regulation, interest rate and service provided by the microfinance institution are essential factors that influence the choice of SMEs. The study concludes that the reputation of a business is also essential to its survival, the trust and confidence of the SME can have a direct and profound effect on microfinance institutions. The study recommended that, microfinance institutions should make it a must to obtain all necessary banking licenses from Bank of Ghana before they commence business in order to avoid the embodiment of fear of collapse into potential SME’s who might be willing to transact business with them and also educate those who render services on behalf of the bank. Customer service is very important and should be considered as the first priority of the bank.
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Karki, Karun Kishor, Nirajan Dhungana, and Bhesh Bahadur Budhathoki. "Breaking the Wall of Poverty: Microfinance as Social and Economic Safety Net for Financially Excluded People in Nepal." Molung Educational Frontier 11 (June 17, 2021): 26–53. http://dx.doi.org/10.3126/mef.v11i0.37835.
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Microfinance is a financial service aimed at economically underprivileged people who have no or limited access to formal financial institutions such as banks due to the lack of financial resources, collateral, or low income. Microfinance institutions provide a collateral-free loan to low-income individuals with the principle of financial inclusion, which allows them to invest in various self-employment activities. In this article, we critically review the development of microfinance and its issues and challenges in Nepal. More specifically, using the concept of the Grameen Bank model and its relevance in the context of Nepali microfinance institutions, we explore how microfinance can be an effective tool of financial intervention to alleviate rural poverty in Nepal. Methodologically, we utilize secondary data sources such as government and non-government reports and existing empirical studies. We offer recommendations for policymakers to establish appropriate modalities, programs, and microfinance services targeting the socio-economic transformation of rural communities in Nepal. We conclude that the government and financial institutions can stimulate microfinance institutions through multidimensional interventions and facilitation to advance the socio-economic status of financially underprivileged people in rural communities in Nepal.
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Rani, Iram, Minhoon Khan Laghari, and Muhammad Asif Channa. "POVERTY REDUCTION STRATEGIES: EVIDENCE FROM U-MICROFINANCE BANK." Humanities & Social Sciences Reviews 9, no. 1 (January 11, 2021): 01–16. http://dx.doi.org/10.18510/hssr.2021.911.
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Purpose: This Study intends the assessment of microloan by U Microfinance Bank from females of upper Sindh. The core objective was to assess the impact of U-Microfinance on the poverty level of female for improving their living standards by providing them micro-loans to be used for their small-scale business which could enable them to be empowered politically, socially, economically, and assessing its impacts on the health and education of their families.
Methodology: This study was conducted on the assessment of microloan interventions of U Microfinance Bank in the rural areas of upper Sindh. A quantitative approach was used to measure the impact of microloan on the poverty status of the female along with a qualitative study to further confirm the findings. In this study, a quasi-experimental design was used in which two groups of data from the same respondents assuming the data ‘Before-loan and After-Loan Situation’ from the female borrowers of Khairpur, Sukkur, Shikarpur, Larkana, and Dadu Districts of Upper Sindh. Poverty Score Card was used as a survey instrument originally developed by the World Bank for each region separately. The collected data were analyzed by applying the descriptive statistics and logistic regression technique by using SPSS latest version.
Results: Results of the logistic regression analysis demonstrate that the microloan program does empower females of targeted cities, but the empowerment process does not necessarily occur simultaneously across all dimensions. Whereas microfinance does effect individually on each dimension of empowerment. For microfinance ventures, the results suggest that occupation types have a positive impact on women's empowerment.
Applications of this study: This study can be very effective in improving the strategies for poverty reduction among the female borrowers of the upper Sindh.
The Novelty of the study: The novelty of this study investigating the effect of poverty reduction strategies on female empowerment.
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Ananth, Bindu. "Financing microfinance – the ICICI Bank partnership model." Small Enterprise Development 16, no. 1 (March 2005): 57–65. http://dx.doi.org/10.3362/0957-1329.2005.009.
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Harper, Malcolm, and Marié Kirsten. "ICICI bank and microfinance linkages in India." Small Enterprise Development 17, no. 1 (March 2006): 30–39. http://dx.doi.org/10.3362/0957-1329.2006.006.
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Jung, Dong Hyeon. "Microfinance in India: SHG-Bank Linkage Program." International Area Review 11, no. 2 (September 2008): 127–52. http://dx.doi.org/10.1177/223386590801100207.
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KORTH, M., R. STEWART, C. ROOYEN, and T. WET. "Microfinance: Development Intervention or Just Another Bank?" Journal of Agrarian Change 12, no. 4 (September 13, 2012): 575–86. http://dx.doi.org/10.1111/j.1471-0366.2012.00375.x.
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Praseeda, Challapalli. "Socially Responsible Investment, Microfinance and Banking: Creating Value by Synergy." Indian Journal of Corporate Governance 11, no. 1 (June 2018): 69–87. http://dx.doi.org/10.1177/0974686218769200.
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Socially responsible investing (SRI) is fast catching the imagination of the ever increasing social consciousness of the investor community. Emergence of SRI can be traced back to the 1970s to few socially conscious investors who wanted to invest in bonds other than war, arms and ammunition and alcohol. Traditionally, SRI has focused on the economic social and governance (ESG) areas. Dieckmann (2007) who authored; Microfinance an emerging investment opportunity as a part of the Deutsche Bank Research, indicates that the SRI sector is witnessing the emergence of novae entrants like the microfinance (MF). The report also states that MF is scanning the environment for new funding opportunities by securitising MF opportunities and moving to the extent of going public. The scenario suggests microfinance to be robust, low risk profiled and growing investment avenue, which is fast emerging in the field of SRI. The purpose of the present article is to explore into the different dimensions of this emerging phenomenon and understand the emerging opportunities for banks in creating value using the synergy of SRI and MF.
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Nopiah, Ririn, and Puji Amalia Islami. "Dampak Sosial-Ekonomi Koperasi Difabel dan Perwujudan Microfinance Access." INKLUSI 5, no. 2 (October 4, 2018): 217. http://dx.doi.org/10.14421/ijds.050204.
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Microfinance is a financial institution that can be reached by various groups of people, such as disabled groups. Microfinance programs provide access to financial services to people with disabilities in the form of savings and credit. People with disabilities need financial services to improve their economic and social levels. However, in general, existing microfinance has not fully reached the disabled groups. This study aims to describe the implementation of activities and the role of the Self-Reliance Savings and Loans Cooperative (KSP BANK) for the disabled in Yogyakarta. The analysis used in the study is the analysis of Paired T-test with SPSS 16.0 analysis tools. This study shows that the level of social-economic of mermbers with disability has a positive and significant increase after the operation of KSP BANK Difabel for the members with disabilities.[Keuangan mikro merupakan lembaga keuangan yang dapat dijangkau oleh berbagai kelompok masyarakat, seperti kelompok difabel. Program keuangan mikro memberikan akses jasa keuangan kepada difabel baik dalam bentuk tabungan maupun kredit. Layanan jasa keuangan sangat dibutuhkan difabel dalam meningkatkan taraf ekonomi-sosial mereka. Akan tetapi, pada umumnya keuangan mikro yang ada belum menjangkau secara penuh kelompok difabel. Penelitian ini bertujuan untuk mendeskripsikan pelaksanaan kegiatan dan peran Koperasi Simpan Pinjam (KSP) Bangun Akses Kemandirian (BANK) Difabel Yogyakarta. Analisis yang digunakan dalam penelitian adalah analisis uji Paired T-test dengan alat analisis SPSS 16.0. Penelitian ini menunjukkan bahwa Taraf ekonomi-sosial difabel mengalami peningkatan positif dan signifikan setelah adanya koperasi difabel bagi anggota KSP BANK Difabel tersebut.]
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Sakanko, Musa Abdullahi, and Joseph David. "The Effect of Electronic Payment Systems on Financial Performance of Microfinance Banks in Niger State." Esensi: Jurnal Bisnis dan Manajemen 9, no. 2 (December 14, 2019): 143–54. http://dx.doi.org/10.15408/ess.v9i2.12273.
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This study employs the cross sectional survey research design and the descriptive and ordinary least square regressions to examine the impact of Electronic-Payment Systems on the financial performance of Microfinance Banks and Institutions in Niger state, Nigeria. The results of the analysis indicate the presence of e-payment systems in the bank, which enjoys impressive acceptability, due to its ease of use and convenience. In addition, ATM facility, Internet payment options, e-payment cards, and mobile banking platforms shows a significant positive impact on the financial performance of COE-Minna microfinance bank. In essence, the improvement and review of e-payment platforms’ security, so as to attract more users, coupled with the reduction of charges associated with the use of the platforms as well as sensitization of potential users were recommended.
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Okello Candiya Bongomin, George, and John C. Munene. "Procedural and declarative cognitions." International Journal of Ethics and Systems 35, no. 4 (November 11, 2019): 691–708. http://dx.doi.org/10.1108/ijoes-01-2019-0026.
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Purpose Premised on the argument that procedural and declarative cognitions help individuals to memorize, store and recall information to make informed decisions and choices in daily life, the purpose of this paper is to analyze the auxiliary psychosomatic roles of procedural and declarative cognitions in promoting financial literacy among clients of microfinance banks in developing countries. Design/methodology/approach The study adopted a cross-sectional research design and a semi-structured questionnaire was used to collect responses from 400 poor households’ heads located in rural Uganda. Analysis of moment structures and structural equation modeling were used to test for the auxiliary psychosomatic roles of procedural and declarative cognitions in promoting financial literacy among the poor who are clients of promotion of rural initiatives development enterprises (PRIDE) microfinance bank in rural Uganda. Findings The results revealed that both procedural and declarative cognitions significantly and positively boost financial literacy among the poor who are clients of PRIDE microfinance bank in rural Uganda. Jointly, both types of cognitions explain 30 per cent of the variation in financial literacy among the poor who are clients of PRIDE microfinance bank. Accordingly, the results correspond to arguments by psychologists that the human mental models help individuals to process, encode, store and retrieve information at an appropriate time such as in articulating complex financial information. Research limitations/implications The study focused majorly on cross-sectional research design. Thus, future studies may use longitudinal research design to explore the ability of the poor to memorize and retrieve financial information over time. Additionally, the study used only quantitative data collected using a semi-structured questionnaire. Further studies may use qualitative data collected by means of interviews. Besides, this study solely used poor households living in rural Uganda as the main source of data. Hence, future studies involving data from other section of the population may be necessary. Practical implications The results from this study underpins the auxiliary psychosomatic roles of procedural and declarative cognitions in promoting financial literacy among clients of microfinance banks in developing countries. Indeed, the human mental models that revolve around cognition as individuals grow are critical in helping them make informed financial decisions when they are faced with difficult financial situations. Therefore, microfinance banks and financial literacy programs in developing countries should consider the roles of procedural and declarative cognitions while designing financial literacy modules. This is because they determine how individuals receive, encode, store and retrieve financial information in order to make informed and better financial decisions before consuming financial products offered by the microfinance banks. Originality/value At present, there is scanty extant literature and theory that explains the auxiliary psychosomatic roles of procedural and declarative cognitions in promoting financial literacy, especially in developing countries. The current study sheds more light on the deterministic roles of procedural and declarative cognitions in boosting financial literacy.
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Prananingtyas, Paramita, and Hari Sutra Disemadi. "Legal Consequences of Dualism Regulations on Micro Waqf Bank as a Sharia Microfinance Institutions in Indonesia." Varia Justicia 16, no. 1 (April 30, 2020): 1–14. http://dx.doi.org/10.31603/variajusticia.v16i1.3205.
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The presence of types of financial institutions in Indonesia makes it easy for people to choose which financial services they need. Micro Waqf Bank is one of the Microfinance Institutions that applies sharia principles that are currently growing and developing. However, there are legal issues related to arrangements for organizing a Micro Waqf Bank with a cooperative legal entity, namely, there are two overlapping regulations, namely the Microfinance Institution legislation, and Cooperative regulations. The purpose of this study is necessary to find out whether the legal consequences arising in the process of establishment, implementation, or if there are problems encountered by Mikro Waqf Banks as a Sharia Microfinance Institution incorporated as a cooperative. This study uses a normative legal research method with a statutory approach and conceptual approach. This study shows that the dualism of Micro Waqf Bank arrangements gives rise to contradictions in the arrangements for the establishment, guidance, and supervision. The existence of this dualism of regulation also gives rise to legal consequences in the establishment of a Micro Waqf Bank incorporated as a cooperative. The legal consequences are related to the broader aspects of business activities based on MFI regulations compared to cooperative regulations. Legal consequences related to capital aspects that require Micro Waqf Banks have a certain amount of capital by MFI regulations. Then from the aspect of coaching and supervision in which there are an examination and evaluation, there is also a dualism which in the regulation of the function of the cooperative is carried out by the Ministry of Cooperatives but the existence of the MFI regulation of the fostering and supervision function is under the authority of the Financial Services Authority.
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Rusdianto, Hutomo, and Chanafi Ibrahim. "PENGARUH PRODUK BANK SYARIAH TERHADAP MINAT MENABUNG DENGAN PERSEPSI MASYARAKAT SEBAGAI VARIABEL MODERATING DI PATI." Equilibrium: Jurnal Ekonomi Syariah 4, no. 1 (February 14, 2017): 43. http://dx.doi.org/10.21043/equilibrium.v4i1.1837.
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<p><em>This study aimed to know the products of Sharia Banks, especially in Kota Pati district toward the interest of saving money by using the public perception as moderating. This research used descriptive quantitative method with populations Islamic Banking (BRI Syariah, BNI Syariah, Mandiri Syariah, Bank Jateng Syariah, Bank Muamalat) in Kota Pati district. The samples were the people who made transactions in Syaria Conventional Banks totaling 100 respondents taken using quota sampling technique. Methods of data analysis used MRA (Moderating Regresion Analysis) test. The results of this study showed that the products of existing Islamic banks in microfinance particularly in Kota Pati distrcit has impacts on people. It proves that the products (savings) of microfinance have benefits for customers. While the public perception can be moderating variables because the public banks can give education to the society that their products are free from usury.</em></p><p><em><br /></em><em></em></p>
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Costa, Ruan Rodrigo Araújo da. "The relationship between the performance and legal form of microfinance institutions." Revista Contabilidade & Finanças 28, no. 75 (July 20, 2017): 377–89. http://dx.doi.org/10.1590/1808-057x201703660.
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ABSTRACT This paper investigates the relationship between the legal forms adopted by microfinance institutions (MFIs) and their performance within three scopes: financial performance, social performance, and efficiency in resource allocation. The MFIs studied are classified into four groups: banks, non-governmental organizations, cooperatives, and a fourth group formed of for-profit institutions not characterized as banks, made up of non-bank financial institutions (NBFIs) and rural banks. The data used are annual and cover the six years from 2007 to 2012. The quantitative regression model with panel data was used together with dummy variables to compare between the four groups of legal forms, except for the group made up of NBFIs and rural banks, which was not represented by any dummy variable. 304 MFIs from 59 countries made up the sample. In the study it was observed that larger MFIs have higher profits, higher returns, and higher operational self-sufficiency rates than smaller MFIs, indicating that MFI growth could enable consolidation in the microfinance market. The results also indicate that for smaller MFIs the way to consolidate and improve the indicators could be through assimilating or merging with other MFIs. It was also noted that non-bank financial institutions and rural banks are able to serve more customers and that cooperatives provide smaller loans, causing a bigger social impact, and that they obtain higher returns and profits. The results indicate that these legal forms may be the most appropriate for the microfinance market.
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Kartika, Dwi Indah. "WOMEN EMPOWERMENT THROUGH MICRO CREDIT USING GRAMEEN BANK SYSTEM." International Journal of Kybernology 3, no. 1 (July 22, 2019): 56–68. http://dx.doi.org/10.33701/ijok.v3i1.583.
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This paper discussed the process of women empowerment through micro credit using Grameen Bank System. Poverty is not only in the sense of the condition of low income or economic inability, but furthermore is welfare resources exclusion which resulted in a group of people who unable to reach facilities of health, educational, are not able to obtain basic rights, have no pride, confidence, and so on. Women are mostly experience poverty and powerless to decide their own life’s choices. Women often have difficulty in getting facilities and a decent living as a man. This condition marginalizes women’s rights in case of social and economy. In addition to its economy background, women are also limited in gaining access to information, education and political participation. Microfinance is a tool that provides loans in a small amount to poor families in order to assist them doing productive activities and grow their small businesses. During this time, the poor do not have access to credit from conventional banks because they do not have money or goods that can be used as collateral or guarantee. Microcredit are usually offered without collateral to individuals or through group savings and loans. Microfinance clients are people with low incomes who do not have access to formal financial institutions such as conventional banking. Women empowerment through micro credit aimed to open women’s financial access. Women are the target of microfinance because of characteristic and her nature. Microcredit using Grameen Bank System is one form of microfinance institutions that distributes capital to the poor in order to be used as capital asset in running their productive activities where women as the target. Giving training and broaden skills to poor women are one of the stages of this program.
Keywords: poverty, micro finance, women empowerment.
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Iqbal, Mehree, Nabila Nisha, and Afrin Rifat. "A Comparative Integration Study of Performance Metrics in Microfinance." International Journal of Information Systems in the Service Sector 12, no. 3 (July 2020): 55–73. http://dx.doi.org/10.4018/ijisss.2020070104.
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This study aims to understand the cause-and-effect relationship between financial and non-financial measures under a balanced scorecard (BSC) model in the microfinance sector of Bangladesh. Structural equation modeling is employed to test non-financial relationships hypothesized under BSC model and one sample t-tests are conducted to further relate non-financial variables to the financial performance variable for two microfinance providers. While all non-financial variables share positive and significant relationships, findings show that customer perspective and internal business process factors are quite strong and more evident for Grameen Bank than a cooperative bank. As such, microfinance providers which will improve their non-financial perspectives can ultimately benefit from increased financial performance. The article draws attention to microfinance providers so that they can address shortcomings in their current performance measurement systems and identify mechanisms that can help them improve their financial performances. Implications and future directions are discussed too.
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Abramova, M. A., S. E. Dubova, and O. V. Zakharovac. "Development of Mechanisms for Regulation of Microfinance and Credit Cooperation Institutions to Boost the Domestic Investment Demand." Economics, taxes & law 11, no. 6 (December 26, 2018): 16–25. http://dx.doi.org/10.26794/1999-849x-2018-11-6-16-25.
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The subject of the research is the economic and organizational aspects of the regulatory mechanism for governing activities microfinance and credit cooperation institutions that can influence the domestic investment demand. The purposes of the paper were to analyze and evaluate the current mechanisms for regulation of microfinance and credit cooperation institutions as well as regulatory innovations of the Bank of Russia aimed at improving the microfinance market governance and, secondly, to develop proposals on how to increase the potential of the above institutions in order to stimulate the domestic investment demand. It is concluded that microfinance and credit cooperation institutions can influence the domestic investment demand and possess appropriate products and services; therefore, it is necessary to strengthen the regulatory mechanisms of their support to enable full participation of these institutions in boosting the domestic investment demand. The paper approves the Bank of Russia initiatives aimed at the development of microfinance institutions and the regulator’s desire to develop mechanisms for the proportional regulation of the microfinance sector, particularly those that stimulate the growth of the domestic investment demand. At the same time, subject to criticism is a number of regulatory initiatives that tend to limit the freedom and the initiative of microfinance and credit cooperation institutions and do not promote competition. The paper emphasizes the importance of strengthening the most important element of the regulatory mechanism, the one that governs the activity in a microfinance organization. The relevance of the research consists in the development of proposals aimed at the working out of mechanisms for the proportional regulation of microfinance institutions in the system of the financial market regulation.
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NIKOLAEVA, Tatiana Petrovna, Tatiana Aleksandrovna PANOVAz, and Anna Aleksandrovna VERSHININA. "Specifics of the Microfinance Market Development in Russia." Journal of Advanced Research in Law and Economics 10, no. 2 (March 31, 2020): 625. http://dx.doi.org/10.14505//jarle.v10.2(40).24.
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The specifics of the formation and development of the microfinance market in Russia as an alternative to bank lending are described in the article. The need of economic agents for financial services and the creation of an efficient financial credit system is justified. The content of relations arising in the process of microfinance and microlending is disclosed, their advantages and disadvantages are described, and the history of their occurrence is highlighted. The factors affecting the development of the microfinance market are identified, and the stages of its development in Russia are reviewed. The legal framework for the operation of microfinance organizations (microlenders) is covered, and the important role of the Bank of Russia in regulating their activities is revealed.
The role of credit in the economy and its ability to fasten the process of meeting the household and personal needs are defined. It is considered as a tool for the economy regulation.
The emergence of new forms and methods of lending is justified, and their influence on the socioeconomic development of society is reviewed.
It is noted that microfinance is one of the fastest growing sectors of the financial market in the face of declining bank lending volumes for consumer loans. The state of the microlending market is analyzed. The strengthening of supervision over the provision of microloans is substantiated, since they are in demand by many economic agents, including the population, private entrepreneurs, and legal entities.
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Azim, Mohammad I., Kuang Sheng, and Meropy Barut. "Combating corruption in a microfinance institution." Managerial Auditing Journal 32, no. 4/5 (April 4, 2017): 445–62. http://dx.doi.org/10.1108/maj-03-2016-1342.
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Purpose Combatting corruption is an important social and commercial issue in most human societies. Many researchers have revealed how an effective anti-corruption practice can possibly minimise corruption in an organisation. However, studies focusing on organisations which are relatively successful in managing corruption at the employee level are relatively rare. On this note, this study aims to focus on Grameen Bank in particular, a Nobel-Prize-winning microfinance institute that was able to minimise its level of corruption among its employees in a country where corruption is the norm. Design/methodology/approach This paper uses standard economic theory to explain the perceptions and behaviours of the employees of Grameen Bank who live and work in a highly corrupt socio-cultural environment. This paper used questionnaires to ascertain the perceptions of Grameen Bank employees’ notions regarding corruption-combating behaviours. Interviews were also conducted among Grameen’s board members, managers and officers to further explore the nature and effectiveness of this organisation’s anti-corruption mechanisms. Findings Corruption can never be entirely eradicated; however, it can be diminished and opportunities for corruption can be minimised. This paper found, through an analysis of employees’ perceptions relating to governance and corruption in the Grameen Bank, that corruption exists, but there are systems in place to prevent it and to assist with staff morality. This research also uncovered a number of best practices in Grameen Bank’s governance to minimise corrupt behaviours, which include, but are not limited to, strong monitoring, decentralisation of authority, review of decision-making process, high internal audit intensity, impersonal punishment, anti-corruption cultures and transparency. Originality/value This study suggests that it is possible for organisations to resist corruption, especially microfinance institutions, even when they operate in a highly corrupt socio-cultural environment.
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Hadibowono, Satrio, and Noven Suprayogi. "MANAJEMEN LIKUIDITAS SEBUAH LEMBAGA KEUANGAN MIKRO NON DEPOSIT TAKING." Jurnal Ekonomi Syariah Teori dan Terapan 8, no. 3 (May 31, 2021): 318. http://dx.doi.org/10.20473/vol8iss20213pp318-326.
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ABSTRAKLembaga keuangan mikro adalah lembaga keuangan yang beroperasi karena berfungsi sebagai perantara keuangan dalam skala yang lebih kecil. Tetapi ada lembaga keuangan mikro yang tidak bekerja dengan cara itu, khususnya lembaga keuangan mikro ini tidak mengambil simpanan dari orang-orang. Karena mereka berfungsi sebagai lembaga keuangan mikro - sosial. Mereka beroperasi dengan sumber modal dari Lembaga Amil Zakat Indonesia, dan memberi orang-orang di sekitar sekolah asrama Islam suatu pemberdayaan dengan memberikan pinjaman dengan berbagai akd, tetapi dengan upah kecil atau rasio bagi hasil (hanya 3%). Lembaga keuangan mikro disebut sebagai Bank Wakaf Mikro. Tujuan penelitian ini adalah untuk memberikan penjelasan tentang bagaimana Bank Wakaf Mikro mengelola likuiditasnya tanpa deposit dari debitur. Dengan hanya satu sumber modal, bagaimana Bank Wakaf Mikro dapat mengoperasikan pembiayaan atau operasi peminjaman mereka?.Kata Kunci: Manajemen likuiditas, lembaga keuangan mikro, risiko likuiditas, risiko kredit, biaya operasional, strategi keuangan. ABSTRACTMicrofinance is a financial institution who operates as it function as a financial intermediaries on a smaller scale. But there is a microfinance institution who don’t works with that way, specifically this microfinance institution does not take any deposit from the people. Because they’re functioned as a microfinance–social institution. They operates with the capital source from Indonesian Amil Zakat Institution, and giving people around islamic boarding school an empowerment by giving a lending with various akd, but with a small wage or profit sharing ratio (only 3%). The microfinance institution is called as Bank Wakaf Mikro. This research goals is to give an explanation about how Bank Wakaf Mikro manage their liquidity without any deposit from debtor. With only one source of capital, how could Bank Wakaf Mikro operates their financing or lending operation?.Keywords: Liquidity management, microfinancing institution, liquidity risk, financing risk, operational cost, stategy.
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A.I, Asongo,, and Adamu Idama. "The Causes of Loan Default in Microfinance Banks: The Experience of Standard Microfinance Bank, Yola, Adamawa State, Nigeria." IOSR Journal of Business and Management 16, no. 11 (2014): 74–81. http://dx.doi.org/10.9790/487x-161147481.
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Mohapatra, Simantini, and Bimal Kishore Sahoo. "Determinants of participation in self-help-groups (SHG) and its impact on women empowerment." Indian Growth and Development Review 9, no. 1 (April 11, 2016): 53–78. http://dx.doi.org/10.1108/igdr-04-2015-0016.
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Purpose The purpose of this study is to gain meaningful insights into a microfinance programme in two different agro-ecological settings in India. The study, using primary survey data, attempts to examine individual, household and environmental characteristics that determine participation in a self-help group (SHG)–bank linkage programme in Odisha. Design/methodology/approach Primary data are collected by a stratified random sampling method. The sample size is 300 households and information is collected by canvassing a pre-designed schedule to women through door-to-door in-depth interviews. In addition, focus group discussions have been conducted to get qualitative information. A probit binary model is applied to examine the factors determining participation in a SHG–bank linkage programme. A composite index of women empowerment is computed taking three dimensions: autonomy, economic empowerment and the gender relationship. Further, ordinary least square multiple regression and treatment effect evaluation by propensity score matching is carried out to study the impact of participation on women empowerment. Findings The study finds that the programme has by-passed the poorest of the poor. It is observed, however, that participation in microfinance has a positive and significant impact on women empowerment. Research limitations/implications Given the research methodology adopted in this study, one concern is whether the results generalise. Therefore, researchers are encouraged to test the proposed propositions further. Practical implications To improve status of women particularly in developing and underdeveloped regions, microfinance can act as a catalyst. Social implications Microfinance in the form of SHG–bank linkage should be promoted, particularly for those social groups and religious communities where women are discriminated. Their participation in SHG–bank linkage programme will improve their social status through empowerment. Originality/value This study illustrates how microfinance can improve the status of women.
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Souleymane SECK, Massamba. "Complementarity Analysis Islamic Banks / Microfinance Institutions in Senegal." International Journal of Innovation Education and Research 7, no. 4 (April 30, 2019): 423–43. http://dx.doi.org/10.31686/ijier.vol7.iss4.1407.
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The purpose of this article is to assess the use of the complementary relationship between the Islamic Bank of Senegal and microfinance institutions in the SME financing process. Currently in Senegal, the constraints on the financing of SMEs are intensifying more and more and continue to limit state policies in the process of promoting sustained economic growth for lack of funding model that responds effectively to investment needs of the latter. In this perspective of marginalization of SMEs by traditional financial intermediaries’ especially traditional banks, the importance of using Islamic Bank / MFI complementarity could be a solution to such a situation of under-financing of SMEs. This new funding model can have a downward impact on transaction costs, reduce risk management and increase the medium- and long-term volume of credit available to SMEs. It would thus promote the financial and social inclusion of Senegalese SMEs. This new funding model can have a downward impact on transaction costs, reduce risk management and increase the medium- and long-term volume of credit available to SMEs. It would thus promote the financial and social inclusion of Senegalese SMEs.
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Ali, Samirah, and Ali Mutasowifin. "Faktor-Faktor yang Memengaruhi Realisasi Pembiayaan Mikro (Studi Kasus PT Bank Syariah Mandiri KCP Bogor Merdeka)." MANAJEMEN IKM: Jurnal Manajemen Pengembangan Industri Kecil Menengah 10, no. 1 (May 20, 2015): 45–51. http://dx.doi.org/10.29244/mikm.10.1.45-51.
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Microfinance is one popular product of Bank Syariah Mandiri. The purpose of this study is to know factors that influence the realization of microfinance as well as the characteristics of microfinance debitors. Characteristics of microfinance debitors are dominated by male, age 31-40 years old, high school education, 2-4 people dependents family, over 2 years age of business, net income per month from Rp1,000,000 to Rp5,000,000, dominated by trading companies, 1-3 times of borrowing frequency, amount of financing is more than Rp20,000.000, value of collateral is more than Rp50,000,000, and purpose of financing is for productive activities. Using multiple linear regression analysis, F test and T test at α = 5% there are three variables affect the realization of microfinancing, namely type of business (trade), the amount of financing proposed and value of collateral.
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Valenzuela, Liza. "The experience of commercial bank downscalers in microfinance." Small Enterprise Development 13, no. 4 (December 2002): 22–34. http://dx.doi.org/10.3362/0957-1329.2002.043.
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