文章基本信息

标题：Probability of Sustainability and Social Outreach of Microfinance Institutions
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作者：Shakil Quayes
期刊名称：Economics Bulletin
电子版ISSN：1545-2921
出版年度：2019
卷号：39
期号：2
页码：1-11
出版社：Economics Bulletin
摘要：Prior studies have shown empirical evidence of either a tradeoff or a complementary relationship between financial performance and social outreach of a microfinance institution (MFI). To analyze this relationship, I consider the probability of attaining financial sustainability to be a more appropriate predictor of social outreach efforts of an MFI, than standard measures of financial performance. Using an unbalanced panel of 1210 MFIs over a period of 9 years, I estimate the probability of attaining financial sustainability for an individual MFI, utilizing a probit model. Next, I use the predicted probability and other control variables, to explain the variability of social outreach. The results of our study show that the better probability of financial sustainability has a positive effect on depth of outreach, breadth of outreach, and outreach to women.