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Microfinance meets the market
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| 2.38 MB | Adobe PDF |
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Orientador(es)
Resumo(s)
Microlenders despite subsidies typically charge interest rates much higher than normal bank
rates. This paper examines the reasonableness of these interest rates in a trend analysis by
collecting and analyzing data from more than 3000 microlenders on their determinants of
interest rates from 2007 to 2018. The analysis in conjunction with a background study of the
market characteristics indicates that the majority of microlenders have become for-profit
microlenders, who operate with reasonable levels of interest rates given their associated costs;
if the reasonable level is defined as a level where interest rates yield a yearly profit of ~ 3
percent.
Descrição
Palavras-chave
Microfinance Financial inclusion Commercialization Microcredit interest rates