- Cull, Robert J.; Demirguc-Kunt, Asli; Morduch, Jonathan J.;
- 2016/08/08 11:20:01
- Policy Research Working Paper
- WPS7786
- 1
- 1
- World;
- The World Region;
- 2016/08/08 11:15:01
- Disclosed
- The microfinance business model : enduring subsidy and modest profit
Recent evidence suggests only modest social and economic impacts of microfinance. Favorable cost-benefit ratios then depend on low costs. This paper uses proprietary data on 1,335 microfinance institutions between 2005 and 2009, jointly serving 80.1 million... See More +
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