Corporate Governance in Microfinance Institutions
This paper is organized as follows: this introduction is followed by a primer on the industry and on the evolution of the microfinance sector. The authors then examine the structure of the microfinance industry, (a) NGOs, cooperatives and credit un...
| Main Authors: | , , |
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| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2015
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2015/05/24534148/corporate-governance-microfinance-institutions http://hdl.handle.net/10986/22059 |
| Summary: | This paper is organized as follows: this
introduction is followed by a primer on the industry and on
the evolution of the microfinance sector. The authors then
examine the structure of the microfinance industry, (a)
NGOs, cooperatives and credit unions, and commercialized
vehicles; how they differ and why corporate governance
differs according to the nature of the MFI; and (b) large
networks, investment and bank-holding groups, and social
services/faith-based groups. The authors then consider how
corporate governance evolves and develops in MFIs as their
structure and ownership changes. This is followed by an
examination of the recurring issues and growing risks in the
microfinance industry. The authors conclude with a look at
the responses of governments, investors, and the industry
itself to these issues and risks and propose some next steps. |
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