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...

Full description

Bibliographic Details
Main Authors:	Di Benedetta, Pasquale, Lieberman, Ira W., Ard, Laura
Format:	Report
Language:	English en_US
Published:	World Bank, Washington, DC 2015
Subjects:	CREDIT MANAGEMENT FINANCIAL SERVICES SAVINGS SERVICES DEBT FUNDS LINES OF CREDIT VILLAGES DEPOSITS FINANCING INTEREST INSTITUTIONAL INVESTORS EDUCATION LOANS MICRO-LENDING DEPOSITORY INSTITUTIONS SAVINGS ACCOUNTS ENTREPRENEURS DEPOSIT BALANCES MULTINATIONAL REVENUES LIQUIDITY RISK CAPITAL ADEQUACY LOAN FEE BORROWERS CORRUPTION DELIVERY COSTS PAYMENTS E-BANKING DEVELOPMENT FINANCE INSTITUTIONS INFORMATION SYSTEMS MFIS RETAIL BANK SMALL BUSINESS TECHNICAL ASSISTANCE GROUP LENDING INDEBTEDNESS FINANCIAL INSTITUTION HIGH INTEREST RATES COMMERCIAL BANK LOAN PRODUCTS DEBTS FINANCIAL INSTITUTIONS PAYMENT CAPITAL MARKET DEBT INVESTMENT VEHICLE ENTERPRISES BANK CREDIT CONSULTING SERVICES FINANCING COSTS SHORT-TERM DEPOSITS BANKS INVESTMENT DECISIONS UNIONS DEPOSITORS INVESTMENT BANKS FINANCIAL TECHNOLOGY HUMAN CAPITAL BUSINESS FINANCE CAPITAL BUSINESS DEVELOPMENT SERVICES LIQUIDITY CRISIS FINANCIAL CAPITAL ACCESS TO FINANCE BUSINESS DEVELOPMENT SMALL BUSINESS LENDING BANK EQUITY FUNDS INVESTMENT VEHICLES REFUGEE LOAN PORTFOLIO SAVINGS PRODUCTS BUSINESS LENDING TRAINING CENTER EQUITY INVESTMENT DIVERSIFICATION RISK OF DEFAULT MICROCREDIT CREDIT RISK PROFITABILITY MICROFINANCE ECONOMIC DEVELOPMENT LOAN OFFICERS FINANCIAL INTERMEDIATION COMMERCIAL BANKS LOAN PRINCIPAL ACCESS TO SERVICES LOAN SIZE EMPLOYEE LOAN AMOUNTS PRIVATE INVESTORS SMALL BUSINESS LOANS EARNINGS DEVELOPMENT FINANCE NEW COMPANY BANKING SUPERVISION TERMS OF LOAN FEES REMITTANCES ENTREPRENEUR COOPERATIVE SELF-EMPLOYMENT DEVELOPMENT BANK CASH FLOW EMPLOYEES MFI MICROFINANCE INSTITUTION MONEY LENDERS DEPOSIT CAPITAL MARKETS INITIAL LOANS NATIONAL BANKS BUSINESS OPPORTUNITIES PEOPLE BUSINESS STRATEGIES VILLAGE INFORMATION SYSTEM EMPLOYMENT OPPORTUNITIES INTEREST RATE STOCK MARKET DISCLOSURE REQUIREMENTS SOCIAL RESPONSIBILITY INSURANCE POLICIES MICRO-BUSINESS CREDIT PORTFOLIO SAVING CREDITORS INTERNATIONAL BANK LENDER MICROFINANCE INSTITUTIONS DOUBLE BOTTOM LINE PRICE DISCOVERY DEVELOPMENT CORPORATION RISK PERCEPTIONS SMALL-BUSINESS BUSINESS LOANS COMMUNITY DEVELOPMENT SAVINGS START-UP INITIAL PUBLIC OFFERINGS CREDIT UNIONS MICRO-FINANCE INSTITUTIONS CREDIT BUREAUS UNION ENTREPRENEURIAL DEVELOPMENT INTEREST RATES DEPOSIT ACCOUNTS CAPITAL REQUIREMENTS SMALL-BUSINESS LENDING LENDERS MICRO-ENTREPRENEURS ACCOUNTS RECEIVABLE BANKERS LOANS MICRO FINANCE FINANCIAL SYSTEM PRIVATE EQUITY DEBIT CARDS FINANCE SMALL ENTERPRISE FREE LOANS PROFIT MARGIN SOCIAL ENTREPRENEURS EQUITY LOAN REPAYMENT SMALL BUSINESS DEVELOPMENT HANDICRAFT OPERATING COSTS WOMAN FAMILY BUSINESS CREDIT CREDIT FORMAL FINANCIAL SERVICES MICRO- ENTREPRENEURS SOCIAL RESPONSIBILITIES EQUITY INVESTMENTS INVESTMENT BANK SOCIAL ENTREPRENEUR WORKING CAPITAL REPAYMENT ENTERPRISE SOCIAL NETWORKS EQUITY INVESTORS EQUITY RATIO RURAL BANK CREDIT POLICIES OVERHEAD COSTS INTERESTS COMMERCIAL LENDERS MICRO ENTREPRENEUR SECURITY INVESTMENT LOAN PORTFOLIOS COLLATERAL MICRO-FINANCE COOPERATION FINANCIAL INTERMEDIARY COOPERATIVES REVENUE BORROWING INVESTMENTS RISK MANAGEMENT INTEREST RATE RISK SMALL-BUSINESS FINANCE FORM OF COLLATERAL EXCHANGE RATE LACK OF INFORMATION WOMEN OUTREACH DONOR FUNDING BANK BRANCHES MONEY TRANSFERS GUARANTEE CONSUMER PROTECTION EXTERNAL SHOCK REPAYMENT RATE
Online Access:	http://documents.worldbank.org/curated/en/2015/05/24534148/corporate-governance-microfinance-institutions http://hdl.handle.net/10986/22059