Corporate Governance in Microfinance Institutions

This paper is organized as follows: this introduction is followed by a primer on the industry and on the evolution of the microfinance sector. The authors then examine the structure of the microfinance industry, (a) NGOs, cooperatives and credit unions, and commercialized vehicles; how they differ and why corporate governance differs according to the nature of the MFI; and (b) large networks, investment and bank-holding groups, and social services/faith-based groups. The authors then consider how corporate governance evolves and develops in MFIs as their structure and ownership changes. This is followed by an examination of the recurring issues and growing risks in the microfinance industry. The authors conclude with a look at the responses of governments, investors, and the industry itself to these issues and risks and propose some next steps.

Bibliographic Details

Main Authors:	Di Benedetta, Pasquale, Lieberman, Ira W., Ard, Laura
Format:	Report biblioteca
Language:	English en_US
Published:	World Bank, Washington, DC 2015-04-15
Subjects:	CREDIT MANAGEMENT, FINANCIAL SERVICES, SAVINGS SERVICES, DEBT FUNDS, LINES OF CREDIT, VILLAGES, DEPOSITS, FINANCING, INTEREST, INSTITUTIONAL INVESTORS, EDUCATION LOANS, MICRO-LENDING, DEPOSITORY INSTITUTIONS, SAVINGS ACCOUNTS, ENTREPRENEURS, DEPOSIT BALANCES, MULTINATIONAL, REVENUES, LIQUIDITY RISK, CAPITAL ADEQUACY, LOAN, FEE, BORROWERS, CORRUPTION, DELIVERY COSTS, PAYMENTS, E-BANKING, DEVELOPMENT FINANCE INSTITUTIONS, INFORMATION SYSTEMS, MFIS, RETAIL BANK, SMALL BUSINESS, TECHNICAL ASSISTANCE, GROUP LENDING, INDEBTEDNESS, FINANCIAL INSTITUTION, HIGH INTEREST RATES, COMMERCIAL BANK, LOAN PRODUCTS, DEBTS, FINANCIAL INSTITUTIONS, PAYMENT, CAPITAL MARKET, DEBT, INVESTMENT VEHICLE, ENTERPRISES, BANK CREDIT, CONSULTING SERVICES, FINANCING COSTS, SHORT-TERM DEPOSITS, BANKS, INVESTMENT DECISIONS, UNIONS, DEPOSITORS, INVESTMENT BANKS, FINANCIAL TECHNOLOGY, HUMAN CAPITAL, BUSINESS FINANCE, CAPITAL, BUSINESS DEVELOPMENT SERVICES, LIQUIDITY CRISIS, FINANCIAL CAPITAL, ACCESS TO FINANCE, BUSINESS DEVELOPMENT, SMALL BUSINESS LENDING, BANK, EQUITY FUNDS, INVESTMENT VEHICLES, REFUGEE, LOAN PORTFOLIO, SAVINGS PRODUCTS, BUSINESS LENDING, TRAINING CENTER, EQUITY INVESTMENT, DIVERSIFICATION, RISK OF DEFAULT, MICROCREDIT, CREDIT RISK, PROFITABILITY, MICROFINANCE, ECONOMIC DEVELOPMENT, LOAN OFFICERS, FINANCIAL INTERMEDIATION, COMMERCIAL BANKS, LOAN PRINCIPAL, ACCESS TO SERVICES, LOAN SIZE, EMPLOYEE, LOAN AMOUNTS, PRIVATE INVESTORS, SMALL BUSINESS LOANS, EARNINGS, DEVELOPMENT FINANCE, NEW COMPANY, BANKING SUPERVISION, TERMS OF LOAN, FEES, REMITTANCES, ENTREPRENEUR, COOPERATIVE, SELF-EMPLOYMENT, DEVELOPMENT BANK, CASH FLOW, EMPLOYEES, MFI, MICROFINANCE INSTITUTION, MONEY LENDERS, DEPOSIT, CAPITAL MARKETS, INITIAL LOANS, NATIONAL BANKS, BUSINESS OPPORTUNITIES, PEOPLE, BUSINESS STRATEGIES, VILLAGE, INFORMATION SYSTEM, EMPLOYMENT OPPORTUNITIES, INTEREST RATE, STOCK MARKET, DISCLOSURE REQUIREMENTS, SOCIAL RESPONSIBILITY, INSURANCE POLICIES, MICRO-BUSINESS, CREDIT PORTFOLIO, SAVING, CREDITORS, INTERNATIONAL BANK, LENDER, MICROFINANCE INSTITUTIONS, DOUBLE BOTTOM LINE, PRICE DISCOVERY, DEVELOPMENT CORPORATION, RISK PERCEPTIONS, SMALL-BUSINESS, BUSINESS LOANS, COMMUNITY DEVELOPMENT, SAVINGS, START-UP, INITIAL PUBLIC OFFERINGS, CREDIT UNIONS, MICRO-FINANCE INSTITUTIONS, CREDIT BUREAUS, UNION, ENTREPRENEURIAL DEVELOPMENT, INTEREST RATES, DEPOSIT ACCOUNTS, CAPITAL REQUIREMENTS, SMALL-BUSINESS LENDING, LENDERS, MICRO-ENTREPRENEURS, ACCOUNTS RECEIVABLE, BANKERS, LOANS, MICRO FINANCE, FINANCIAL SYSTEM, PRIVATE EQUITY, DEBIT CARDS, FINANCE, SMALL ENTERPRISE, FREE LOANS, PROFIT MARGIN, SOCIAL ENTREPRENEURS, EQUITY, LOAN REPAYMENT, SMALL BUSINESS DEVELOPMENT, HANDICRAFT, OPERATING COSTS, WOMAN, FAMILY, BUSINESS CREDIT, CREDIT, FORMAL FINANCIAL SERVICES, MICRO- ENTREPRENEURS, SOCIAL RESPONSIBILITIES, EQUITY INVESTMENTS, INVESTMENT BANK, SOCIAL ENTREPRENEUR, WORKING CAPITAL, REPAYMENT, ENTERPRISE, SOCIAL NETWORKS, EQUITY INVESTORS, EQUITY RATIO, RURAL BANK, CREDIT POLICIES, OVERHEAD COSTS, INTERESTS, COMMERCIAL LENDERS, MICRO ENTREPRENEUR, SECURITY, INVESTMENT, LOAN PORTFOLIOS, COLLATERAL, MICRO-FINANCE, COOPERATION, FINANCIAL INTERMEDIARY, COOPERATIVES, REVENUE, BORROWING, INVESTMENTS, RISK MANAGEMENT, INTEREST RATE RISK, SMALL-BUSINESS FINANCE, FORM OF COLLATERAL, EXCHANGE RATE, LACK OF INFORMATION, WOMEN, OUTREACH, DONOR FUNDING, BANK BRANCHES, MONEY TRANSFERS, GUARANTEE, CONSUMER PROTECTION, EXTERNAL SHOCK, REPAYMENT RATE,
Online Access:	http://documents.worldbank.org/curated/en/2015/05/24534148/corporate-governance-microfinance-institutions https://hdl.handle.net/10986/22059
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