Artikel

Sustainability of Microfinance Institutions in Financial Crisis

The aim of this paper is to clarify the problems of microfinance and the sustainability of microfinance institutions (MFI) in financial crisis. We find, that MFIs are often considered as one of the most effective and flexible strategies in the fight against global poverty. Due to several often unsolvable problems obstructing the easier and faster development of these institutions such as: ethnical problems, managerial resources, legal recourses, unfortunate recourses and other, the operations of MFIs are often not sufficiently efficient. The microfinance sector is in general known for its adaptability and quite healthy survival of past financial crises. However, current global financial crisis is testing the resilience of MFIs hardly. The MFIs are much more connected to international financial markets now than it was the case during previous crises. Therefore we expect that they will not survive the crisis without bearing some loses. But the expected losses are relatively smaller when compared to other financial institutions.

Language
Englisch

Bibliographic citation
Journal: European Financial and Accounting Journal ; ISSN: 1805-4846 ; Volume: 4 ; Year: 2009 ; Issue: 2 ; Pages: 7-33 ; Prague: University of Economics, Faculty of Finance and Accounting

Classification
Management
Financial Crises
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Subject
Financial crisis
Microfinance
Microcredit
MFIs

Event
Geistige Schöpfung
(who)
Dokulilová, Lenka
Janda, Karel
Zetek, Pavel
Event
Veröffentlichung
(who)
University of Economics, Faculty of Finance and Accounting
(where)
Prague
(when)
2009

DOI
doi:10.18267/j.efaj.65
Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.

Object type

  • Artikel

Associated

  • Dokulilová, Lenka
  • Janda, Karel
  • Zetek, Pavel
  • University of Economics, Faculty of Finance and Accounting

Time of origin

  • 2009

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