The interest rates and performance of MFIs in the MENA region: is there a moral issue?
dc.contributor.author | Adair, Philippe | |
dc.contributor.author | Berguiga, Imène | |
dc.date.accessioned | 2015-06-09T17:19:31Z | |
dc.date.available | 2015-06-09T17:19:31Z | |
dc.date.issued | 2015-06-09 | |
dc.identifier.uri | http://ethique-economique.net | |
dc.identifier.uri | http://hdl.handle.net/1866/12140 | |
dc.publisher | Centre de recherche en éthique | |
dc.subject | philosophy | fr |
dc.subject | philosophie | fr |
dc.subject | ethics | fr |
dc.subject | éthique | fr |
dc.subject | economics | fr |
dc.subject | économie | fr |
dc.subject | costs | fr |
dc.subject | interest rates | fr |
dc.subject | MENA | fr |
dc.subject | microfinance institutions | fr |
dc.subject | multivariate analysis | fr |
dc.subject | performance. | fr |
dc.subject | philosophy | fr |
dc.subject | philosophie | fr |
dc.subject | ethics | fr |
dc.subject | éthique | fr |
dc.subject | economics | fr |
dc.subject | économie | fr |
dc.subject | analyse factorielle | fr |
dc.subject | coûts | fr |
dc.subject | institutions de microfinance | fr |
dc.subject | MENA | fr |
dc.subject | performance | fr |
dc.subject | taux d’intérêt. | fr |
dc.title | The interest rates and performance of MFIs in the MENA region: is there a moral issue? | fr |
dc.type | Article | fr |
dc.contributor.affiliation | Université de Montréal. Faculté des arts et des sciences. Centre de recherche en éthique | fr |
dcterms.abstract | The high interest rates of microfinance institutions (MFIs) seem to oppose their social mission, and raise a moral issue. We analyse the determinants of the level of interest rates with regard to the financial performance of an unbalanced panel of 66 MFIs in nine countries of the Middle East and North Africa (MENA) region over the period 2004-2012. We differentiate internal factors (cost of capital, operating expenses and loss provisions) from the external ones (regulation, competition and inflation).The outcomes of a typology from a multivariate analysis upon the relationship between the interest rate and social performance of 53 MFIs in 2008 do not match the classification of MFIs according to Yunus and Weber, which proves irrelevant. | fr |
dcterms.abstract | Le taux d’intérêt élevé des institutions de microfinance (IMF) semble s’opposer à la mission sociale du microcrédit. Nous analysons les déterminants des niveaux des taux d’intérêt au regard de la performance financière d’un panel incomplet de 66 IMF dans 9 pays de la région du Moyen-Orient et d’Afrique du Nord (MENA) sur la période 2004-2012. Nous distinguons les facteurs internes (coût des fonds propres, charges d’exploitation, provisions pour pertes) et externes (règlementation, concurrence et inflation). Nous confrontons la typologie d’une analyse factorielle sur la relation entre taux d’intérêt et performance sociale de 53 IMF de la région en 2008 au classement des IMF selon Yunus & Weber, dont le critère de la marge financière s’avère non pertinent. | fr |
dcterms.description | Full Text / Article complet | fr |
dcterms.isPartOf | urn:ISSN:1639-1306 | |
dcterms.language | eng | fr |
UdeM.VersionRioxx | Version publiée / Version of Record | |
oaire.citationTitle | Éthique et économique = Ethics and economics | |
oaire.citationVolume | 12 | |
oaire.citationIssue | 2 |
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