Sustainability and Outreach in the Microfinance Sector of Ghana

The recent finance sector clean-up in Ghana led to the collapse of a number microfinance institutions (MFIs), which reignited discussion whether MFIs can achieve much-needed financial sustainability while also meeting goal reaching out poor. In that regard, this paper explores potential for improve breadth outreach by fostering inclusion and deepen depth targeting poor simultaneously pursuing self-sufficiency profitability. Using data from MIX database 89 over 20-year period, we employed fixed random effects models show among other results, is improved when are financed more debt than equity pursuit profitability disincentive outreach. Overall, results suggest with efficiency sustainability, stand better chances achieving both breadth.