Essays on microfinance

مرکز و کتابخانه مطالعات اسلامی به زبان های اروپایی

منو

" Essays on microfinance "
Sungsam Chung Ahlin, Christian

Document Type	:	Latin Dissertation
Language of Document	:	English
Record Number	:	803115
Doc. No	:	TL47890
Call number	:	‭1612355093;‮ ‬3634442‬
Main Entry	:	Paige, Shari
Title & Author	:	Essays on microfinance\ Sungsam ChungAhlin, Christian
College	:	Michigan State University
Date	:	2014
Degree	:	Ph.D.
field of study	:	Economics - Doctor of Philosophy
student score	:	2014
Page No	:	62
Note	:	Committee members: Jin, Songqing; Minetti, Raoul; Zhu, Chun
Note	:	Place of publication: United States, Ann Arbor; ISBN=978-1-321-15033-9
Abstract	:	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
Subject	:	Economics; Economic theory
Descriptor	:	Social sciences;Development;Interest rate;Microfinance;Religion
Added Entry	:	Ahlin, Christian
Added Entry	:	Economics - Doctor of PhilosophyMichigan State University