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Profits and Poverty: The Impact of Profit Status on the Microfinance Industry

dc.contributor.author Hogan, Kevin
dc.date.accessioned 2013-04-16T00:03:30Z
dc.date.available 2013-04-16T00:03:30Z
dc.date.issued 2013-04-15
dc.identifier.uri http://hdl.handle.net/10161/6520
dc.description.abstract Microfinance is the practice of providing small, collateral free loans to the poor. While the microfinance industry was initially comprised of predominantly non-profit institutions, a shift towards for-profits has emerged. This paper examines the effects of changes in for-profit concentration on the microfinance industry. First, an economic model for the activity of non-profit firms is established. Empirical data from microfinance institutions (MFIs) is then analyzed in the context of this model. Findings indicate that for-profit MFIs serve more borrowers, serve wealthier borrowers, and do not provide lower quality loans than non-profit MFIs. There is also evidence that economic models developed to understand non-profit decision-making might not apply to the microfinance industry.
dc.subject Microfinance
dc.subject microfinance institutions
dc.subject non-profits
dc.subject profit status
dc.title Profits and Poverty: The Impact of Profit Status on the Microfinance Industry
dc.type Honors thesis
dc.department Economics


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