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 calculates the costs of microcredit and other elements of the microcredit business model using proprietary data on 1,335 microfinance institutions betw...
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Published by Oxford University Press on behalf of the World Bank
2019
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| Online Access: | http://hdl.handle.net/10986/32775 |