The relationship between microfinance mission drift and financial returns to stakeholders
Serrano-Cinca, Carlos (Universidad de Zaragoza) ; Fuertes-Callén, Yolanda (Universidad de Zaragoza) ; Cuéllar-Fernández, Beatriz (Universidad de Zaragoza)
Resumen: Some microfinance institutions (MFIs) can drift from their social mission, generating well-studied effects for their borrowers. We focus on the lesser-known effect of mission drift on the financial return to other stakeholders (employees, government, micro-savers, and banking creditors). Using a sample of 534 MFIs, we calculated the economic value distributed by the MFI to these stakeholders by considering salaries, taxes, and interest paid. We found a negative relationship between average loan size and return to employees (RTE), government, and banking creditors, and a positive relationship between women borrowers and RTE and government. This is explained by the fact that mission-focused MFIs are usually small, labor-intensive institutions with a stable business model. We found a positive relationship between average loan size and return to micro-savers, and a negative relationship between women borrowers and return to micro-savers. The reason is that many mission-focused MFIs do not offer micro-savings, undermining financial inclusion.
Idioma: Inglés
DOI: 10.1177/08997640221138763
Año: 2022
Publicado en: NONPROFIT AND VOLUNTARY SECTOR QUARTERLY (2022), 089976402211387 [24 pp.]
ISSN: 0899-7640
Factor impacto JCR: 2.8 (2022)
Categ. JCR: SOCIAL ISSUES rank: 16 / 44 = 0.364 (2022) - Q2 - T2
Factor impacto CITESCORE: 5.0 - Social Sciences (Q1)
Factor impacto SCIMAGO: 1.17 - Social Sciences (miscellaneous) (Q1)
Financiación: info:eu-repo/grantAgreement/ES/DGA/S38-20R
Financiación: info:eu-repo/grantAgreement/ES/MCIU/RTI2018-093483-B-I00
Financiación: info:eu-repo/grantAgreement/ES/UZ/JIUZ-2021-SOC-03
Tipo y forma: Article (Published version)
Área (Departamento): Área Economía Finan. y Contab. (Dpto. Contabilidad y Finanzas)
You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use. You may not use the material for commercial purposes.
Exportado de SIDERAL (2024-03-18-13:42:23)
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Idioma: Inglés
DOI: 10.1177/08997640221138763
Año: 2022
Publicado en: NONPROFIT AND VOLUNTARY SECTOR QUARTERLY (2022), 089976402211387 [24 pp.]
ISSN: 0899-7640
Factor impacto JCR: 2.8 (2022)
Categ. JCR: SOCIAL ISSUES rank: 16 / 44 = 0.364 (2022) - Q2 - T2
Factor impacto CITESCORE: 5.0 - Social Sciences (Q1)
Factor impacto SCIMAGO: 1.17 - Social Sciences (miscellaneous) (Q1)
Financiación: info:eu-repo/grantAgreement/ES/DGA/S38-20R
Financiación: info:eu-repo/grantAgreement/ES/MCIU/RTI2018-093483-B-I00
Financiación: info:eu-repo/grantAgreement/ES/UZ/JIUZ-2021-SOC-03
Tipo y forma: Article (Published version)
Área (Departamento): Área Economía Finan. y Contab. (Dpto. Contabilidad y Finanzas)
You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use. You may not use the material for commercial purposes. Exportado de SIDERAL (2024-03-18-13:42:23)
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Articles > Artículos por área > Economía Financiera y Contabilidad
Record created 2023-01-11, last modified 2024-03-19