This paper examines the impact of microfinance institutions on development in an empirical setting, and therewith aims at filling a gap in econometric assessments of microfinance institutions. Using data of MFIs operating in selected African and Asian countries and choosing average savings and loan balances per client as proxies for development, there is empirical evidence for significant posit...

By drawing analogies with independent research areas, we propose an unorthodox framework for mapping microfinance credit risk--a major obstacle to the sustainability of lenders outreaching to the poor. Specifically, using the elements of network theory, we constructed an agent-based model that obeys the stylized rules of microfinance industry. We found that in a deteriorating economic environme...

This study aims to expand on the theoretical notions of sharia economics, economic democracy, and Indonesian development. Economic identity is influenced by religion, culture, other valuable components life, including state's ideology. Religious ideals, cultural constructions, governmental ideology, and/or a synthesis these values should all be protected from Auda's considerable offer, which co...

Microfinance institutions are considered as an effective tool for achieving the objective of financial inclusion. To achieve this objective it is necessitate that MFIs should be sustainable while reaching the poorest of poor. After the Andhra Pradesh Microfinance Crisis, 2010 sustainability and outreach of MFIs in India is doubtful and questionable. Present paper attempts to look into various d...