1

A Review of Existing Literature on Sustainability, Mission Drift and Loan Defaults

International Journal of Science and Management Studies (IJSMS)
© 2019 by IJSMS Journal
Volume-2 Issue-5
Year of Publication : 2019
Authors : Dr.Kashif Beg
DOI: 10.51386/25815946/ijsms-v2i5p102
Citation:
MLA Style: Dr.Kashif Beg "A Review of Existing Literature on Sustainability, Mission Drift and Loan Defaults" International Journal of Science and Management Studies (IJSMS) V2.I5 (2019): 7-16.

APA Style: Dr.Kashif Beg, A Review of Existing Literature on Sustainability, Mission Drift and Loan Defaults, International Journal of Science and Management Studies (IJSMS), v2(i5), 7-16.
Abstract:
As the abundance of research work has been done in the field of Microfinance in the last two decades. This research work deals with the issue of factors affecting operational self-sufficiency, financial self-sufficiency and loan repayment performance and the trade-off between financial performance and outreach to poor and women clients. The section one deals with prior research work on factors affecting the sustainability of MFIs. Section two reviews prior research works on Mission drift i.e. trade-off between sustainability and outreach. Finally, section three deals with the factors affecting loan repayment performance.
Keywords: The section one deals with prior research work on factors affecting the sustainability of MFIs.
References:
[1] Ahmad, U. (2011). Efficiency Analysis of Micro-finance Institutions in Pakistan.
[2] ALI, K. H. (2013).The relationship between financial sustainability and outreach of microfinance institutions in Kenya.(Unpublished master’s thesis).University of Nairobi, Nairobi.
[3] Assefa, E., Hermes, N., &Meesters, A. (2013).Competition and the performance of microfinance institutions. Applied Financial Economics,23(9), 767-782.
[4] Basharat, B., Hudon, M., & Nawaz, A. (2015). Does efficiency lead to lower prices? A new perspective from microfinance interest rates. Strategic Change, 24(1), 49-66.
[5] Bassem, B. S. (2013). Governance quality and mfis repayment performance. journal of economic cooperation & development, 34(2), 47.
[6] Copestake, J. (2007). Mainstreaming microfinance: social performance management or mission drift? World Development, 35(10), 1721-1738.
[7] Crabb, P. R., & Keller, T. (2006).A test of portfolio risk in microfinance institutions. Faith & economics, 47(48), 25-39.
[8] Cull, R., Demirgüç-Kunt, A. & Morduch, J. (2011). Does regulatory supervision curtail microfinance profitability and outreach?.World Development, 39(6), 949-965.
[9] Darko F.A. (2013). Commercialisation and efficiency of microfinance institutions in Sub-Saharan Africa.Retrieved fromhttps://www.uea.ac.uk/.../7ce2ef6f-7381-458d-b51a-e9331c1b7bf7
[10] De Crombrugghe, A., Tenikue, M., &Sureda, J. (2008).Performance analysis for a sample of microfinance institutions in India. Annals of Public and Cooperative Economics, 79(2), 269-299.
[11] Ferdousi, F. (2013, December).The performance of Microfinance Institutions in Asia: DEA based Efficiency Analysis. In 2013 International Conference on the Modern Development of Humanities and Social Science.Atlantis Press.
[12] Gakhar, K. (2013). Financial performance and outreach of microfinance institutions: is there a trade-off?-an anempirical study of Indian economy. Global Management Review, 7(4).
[13] Gashayie, A. & Singh, M. (2014).Relationship of financial Sustainability and Outreach in Ethiopian
[14] Gutierrez-Nieto, B., Serrano-Cinca, C., &Molinero, C. M. (2007).Microfinance institutions and efficiency. Omega, 35(2), 131-142.
[15] Gutiérrez-Nieto, B., Serrano-Cinca, C., &Molinero, C. M. (2009).Social efficiency in microfinance institutions. Journal of the Operational Research Society, 104-119.
[16] Hassan, K. M., & Sanchez, B. (2009).Efficiency analysis of microfinance institutions in developing countries. Networks Financial Institute Working Paper.
[17] Hermes, N., &Lensink, R. (2007). The empirics of microfinance: what do we know? The Economic Journal, 117(517), F1-F10.
[18] Hermes, N., &Lensink, R. (2011). Microfinance: its impact, outreach, and sustainability. World Development, 39(6), 875-881.
[19] Hermes, N., Lensink, R., &Meesters, A. (2011).Outreach and efficiency of microfinance institutions. World Development, 39(6), 938-948.
[20] Hudon, M., &Traca, D. (2011). On the efficiency effects of subsidies in microfinance: An empirical inquiry. World development, 39(6), 966-973.
[21] Kaur, P. (2014). Outreach and Sustainability of Microfinance Institutions in India in Pre and Post Andhra Pradesh Microfinance Crisis in Context of South Asia. Global Journal of Finance and Management, 6(6), 569-574.
[22] Kinde, B. A. (2012). Financial sustainability of microfinance institutions (mfis) in Ethiopia. European journal of Business and Management, 4(15), 1-10.
[23] Kipesha, F. E., & Zhang, X. (2013). Sustainability, Profitability and Outreach Tradeoffs: Evidences from Microfinance Institutions in East Africa. European Journal of Business and Management, 5(8).
[24] Martinez-Gonzalez, A. (2008). Technical efficiency of microfinance institutions: Evidence from Mexico (Doctoral dissertation, The Ohio State University).
[25] Masood, T., & Ahmad, M. (2010). Technical Efficiency of Microfinance Institutions in India-A Stochastic Frontier Approach.MPRA, 25454.Retrieved from http://mpra.ub.uni-muenchen.de/25454/.
[26] Mersland, R., &Strøm, R. Ø. (2008). Performance and trade‐offs in Microfinance Organisations—Does ownership matter? Journal of International Development, 20(5), 598-612.
[27] Mersland, R., &Strøm, R. Ø. (2010).Microfinance mission drift? World Development, 38(1), 28-36.
[28] Microfinance Institutions: Empirical Evidence. Research Journal of Accounting and Finance, 5(17).
[29] Mosbah, E., Slama, M. M. B., &Mastorakis, N. Micro Finance Institutions’ behaviour: Determinants of portfolio quality in MENA region.Recent Advances on Finance Science and Management, 68-71. Retrieved from www.wseas.us/e-library/conferences/2015/Seoul/MF/MF-10.pdf.
[30] Nawaz, A., Hudon, M., &Basharat, B. (2011). Does efficiency lead to lower interest rates? A new perspective from microfinance. In Second European Research Conference in Microfinance, Groningen, The Netherlands.
[31] Nghiem, H., Coelli, T., & Rao, D. S. P. (2006). The efficiency of microfinance in Vietnam: Evidence from NGO schemes in the north and the central regions. International Journal of Environmental, Cultural, Economic and Social Sustainability, 2(5), 71-78.
[32] Qayyum, A., & Ahmad, M. (2006).Efficiency and Sustainability of Micro Finance Institutions in South Asia. South Asian Network of Economic Research Institutes (SANEI).
[33] Quayes, S. (2012). Depth of outreach and financial sustainability of microfinance institutions. Applied Economics, 44(26), 3421-3433.
[34] Quayes, S. (2012). Depth of outreach and financial sustainability of microfinance institutions. Applied Economics, 44(26), 3421-3433.
[35] Rai, A. K. (2012). A comparative analysis of the financial performance of microfinance institutions of India and Bangladesh.(Unpublished Doctoral dissertation, Jaypee institute of Information Technology).
[36] Schafer, K. &Fukasawa, Y. (2011).Factors Determining the Operational Self-Sufficiency among Microfinance Institutions. Advances in Business Research, 2(1), 171-178.
[37] Serrano-Cinca, C., & Gutiérrez-Nieto, B. (2014). Microfinance, the long tail and mission drift. International Business Review, 23(1), 181-194.
[38] Singh.T.R. (2014).A Study of the Efficiency of Micro Finance Institutions Using Data Envelopment Analysis.Indian Journal of Applied Research, 4(11).
[39] Sufian, F., Majid, M. Z. A., &Zulkhibri, M. (2007). Consolidation and efficiency: Evidence from non-bank financial institutions in Malaysia (No. 12128). University Library of Munich, Germany.
[40] Tahir, I. M., &Tahrim, S. N. C. (2015). Efficiency and Productivity analysis of microfinance institutions in Cambodia: A DEA approach. International Review of Business Research Papers, 11(1).
[41] Tahir, I.M. &Tahrim, S.N.C. (2013), Efficiency Analysis of Microfinance Institutions in ASEAN: A DEA Approach. Business and Management Dynamics, 3(4), 13-23.
[42] Tehulu, T. A. (2013). Determinants of financial sustainability of microfinance institutions in East Africa. European Journal of Business and Management, 5(17), 152-158.
[43] Wijesiri, M. (2014). Essays in efficiency and productivity analysis of microfinance institutions (Doctoral dissertation, University of Bergamo).
[44] Wydick, B., Hayes, H. K., &Kempf, S. H. (2011). Social networks, Neighborhood effects, and credit access:evidence from rural Guatemala.World Development, 39(6), 974-982.
[45] Yaron, J. (1994). Successful rural finance institutions. Finance and Development, 31(1), 32.
[46] Zeller, M., & Meyer, R. L. (Eds.). (2002). The triangle of microfinance: Financial sustainability, outreach, and impact. Intl Food Policy Res Inst.
[47] Zerai, B. & Rani, L. (2012). Technical Efficiency and its Determinants of Micro Finance Institutions in Ethiopia: A Stochastic Frontier Approach. African Journal of Accounting, Economics, Finance and Banking Research, 8(8), 1.