Kerstin Lopatta|Magdalena Tchikov|Reemda Jaeschke|Sumit Lodhia
Sustainable Development and Microfinance: The Effect of Outreach and Profitability on Microfinance Institutions' Development Mission
Carl von Ossietzky Universität Oldenburg|Carl von Ossietzky Universität Oldenburg|Carl von Ossietzky Universität Oldenburg|University of South Australia
abstract according concept microfinance financial institutions ought contribute sustainable economic financial systems development offering access credit clients usually excluded formal banking system however recent decades microfinance institutions mfis often focused profitability rather support poor clients order empirically examine mission drift consequences mfis performance propose model mfis contribution sustainable development dependent outreach profitability focus measured percentages female borrowers profit margins respectively utilizing large transnational panel data set comprised institutional countryspecific data provide preliminary empirical evidence indicating extensive outreach profitability negatively related development model highlights problem mission drift especially pronounced nonprofitoriented mfis copyright 2017 john wiley amp sons ltd erp environment