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" Essays on microfinance "
Sungsam Chung
Ahlin, Christian
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Latin Dissertation
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| Language of Document
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English
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| Record Number
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803115
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| Doc. No
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TL47890
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| Call number
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1612355093; 3634442
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| Main Entry
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Paige, Shari
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| Title & Author
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Essays on microfinance\ Sungsam ChungAhlin, Christian
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| College
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Michigan State University
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| Date
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2014
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| Degree
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Ph.D.
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| field of study
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Economics - Doctor of Philosophy
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| student score
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2014
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| Page No
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62
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| Note
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Committee members: Jin, Songqing; Minetti, Raoul; Zhu, Chun
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| Note
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Place of publication: United States, Ann Arbor; ISBN=978-1-321-15033-9
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| Abstract
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This dissertation consists of two chapters. The first chapter is dealing with microfinance's interest rates. Microfinance institutions' (MFIs) high interest rates have been at the center of controversy from the beginning of microfinance. One plausible and widely accepted theory, which explains MFIs' high interest rate puzzle, is that there exist fixed costs involved in making loans, say per borrower (or per loan) fixed transaction costs. However, in spite of its topicality, this fixed costs theory still remains untested empirically. Based on the theoretical operating costs function and a large data set on 526 MFIs from 75 countries, this study is the first attempt to test the fixed costs theory directly, by answering the following questions: how much of operating costs are incurred by per borrower fixed transaction costs? And how much do MFIs need to charge in order to cover their operating costs? We find that the per borrower fixed costs account or about 45% of total operating costs for a representative median MFI, which lends
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| Subject
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Economics; Economic theory
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| Descriptor
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Social sciences;Development;Interest rate;Microfinance;Religion
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| Added Entry
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Ahlin, Christian
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| Added Entry
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Economics - Doctor of PhilosophyMichigan State University
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