The Road to Financial Sustainability. Comparative Analysis of Russia and the Caucasus Region

This paper examines delinquency, profitability, and outreach determinants of microfinance institutions’ (MFIs) performance in Russia and the Caucasus. The estimation is done using the Seemingly Unrelated Regression (SUR) technique. The estimation results suggest that Russian and Caucasian MFIs are profit-driven but are expected to improve outreach in the long-run.


Issue Date:
2012
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/119525
Total Pages:
29
JEL Codes:
G20; G21
Series Statement:
Selected Paper




 Record created 2017-04-01, last modified 2017-08-26

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