@article{Sheremenko:119525,
      recid = {119525},
      author = {Sheremenko, Ganna and Escalante, Cesar L. and Florkowski,  Wojciech J.},
      title = {The Road to Financial Sustainability. Comparative Analysis  of Russia and the Caucasus Region},
      address = {2012},
      number = {1372-2016-109093},
      series = {Selected Paper},
      pages = {29},
      year = {2012},
      abstract = {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.},
      url = {http://ageconsearch.umn.edu/record/119525},
      doi = {https://doi.org/10.22004/ag.econ.119525},
}