The governance structure of microfinance institutions: a comparison of models of sustainability and their implication on outreach
Purpose: This research aims to discover whether or not there is a connection between the governance structure of microfinance institutions (MFIs) and the outreach these organisations provide. The research looks at how the different kinds of MFIs, like Microfinance Banks (MFB) or Self-Help Groups (SH...
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Asian Journal of Economics, Business and Accounting
2022
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my.iium.irep.996192023-10-02T02:12:40Z http://irep.iium.edu.my/99619/ The governance structure of microfinance institutions: a comparison of models of sustainability and their implication on outreach Uddin, Md Nazim Hamdan, Hamdino Md Saad, Norma Haque, A. K. M. Ahasanul Kassim, Salina Che Embi, Nor Azizan Agarwal, Khushbu HG3368 Islamic Banking and Finance Purpose: This research aims to discover whether or not there is a connection between the governance structure of microfinance institutions (MFIs) and the outreach these organisations provide. The research looks at how the different kinds of MFIs, like Microfinance Banks (MFB) or Self-Help Groups (SHG), Microcredit Programme (MCP), and Rural Development Scheme (RDS), affect the number of people who can use MFIs' services. Design: In the process of the discussions and analysis, one microfinance institution from each of the three models will be considered. The country of Bangladesh will serve as the primary source of empirical study. The questionnaire was sent to the top managers or directors of MFIs to obtain the data for the research. The study relied on secondary data for the most part, which was mainly collected from the annual reports of these MFIs. Findings: The research discovered a connection between the governance structure of MFI outreach and the institution's capacity to maintain its operations. The three models all use the same method of operation, but they are pretty different in terms of the interest rate and the amount of time it takes to repay the debt. Research Limitations: The research is restricted to the materials (annual reports) made accessible by each MFI Practical Implications: The results of this study are significant for understanding how microfinance will change in the future, as defined by the global development discourse and the public policy decisions that go along with it. Social Implications: The reduction of poverty, the empowerment of the poor, and improved access to financial services all contribute favourably to financial inclusion. It contributes to sustainable economic development. MFIs that have greater outreach and are more sustainable also have a good effect. Originality: The governing structure of MFIs hasn't been extensively studied, which influences the MFIs' outreach. Asian Journal of Economics, Business and Accounting 2022-06-25 Article PeerReviewed application/pdf en http://irep.iium.edu.my/99619/3/99619_The%20governance%20structure%20of%20microfinance%20institutions.pdf Uddin, Md Nazim and Hamdan, Hamdino and Md Saad, Norma and Haque, A. K. M. Ahasanul and Kassim, Salina and Che Embi, Nor Azizan and Agarwal, Khushbu (2022) The governance structure of microfinance institutions: a comparison of models of sustainability and their implication on outreach. Asian Journal of Economics, Business and Accounting, 22 (19). pp. 104-123. ISSN 2456-639X https://journalajeba.com/index.php/AJEBA/article/view/737 10.9734/ajeba/2022/v22i1930662 |
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HG3368 Islamic Banking and Finance Uddin, Md Nazim Hamdan, Hamdino Md Saad, Norma Haque, A. K. M. Ahasanul Kassim, Salina Che Embi, Nor Azizan Agarwal, Khushbu The governance structure of microfinance institutions: a comparison of models of sustainability and their implication on outreach |
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Purpose: This research aims to discover whether or not there is a connection between the governance structure of microfinance institutions (MFIs) and the outreach these organisations provide. The research looks at how the different kinds of MFIs, like Microfinance Banks (MFB) or Self-Help Groups (SHG), Microcredit Programme (MCP), and Rural Development Scheme (RDS), affect the number of people who can use MFIs' services.
Design: In the process of the discussions and analysis, one microfinance institution from each of the three models will be considered. The country of Bangladesh will serve as the primary source of empirical study. The questionnaire was sent to the top managers or directors of MFIs to obtain the data for the research. The study relied on secondary data for the most part, which was mainly collected from the annual reports of these MFIs.
Findings: The research discovered a connection between the governance structure of MFI outreach and the institution's capacity to maintain its operations. The three models all use the same method of operation, but they are pretty different in terms of the interest rate and the amount of time it takes to repay the debt.
Research Limitations: The research is restricted to the materials (annual reports) made accessible by each MFI
Practical Implications: The results of this study are significant for understanding how microfinance will change in the future, as defined by the global development discourse and the public policy decisions that go along with it.
Social Implications: The reduction of poverty, the empowerment of the poor, and improved access to financial services all contribute favourably to financial inclusion. It contributes to sustainable economic development. MFIs that have greater outreach and are more sustainable also have a good effect.
Originality: The governing structure of MFIs hasn't been extensively studied, which influences the MFIs' outreach. |
format |
Article |
author |
Uddin, Md Nazim Hamdan, Hamdino Md Saad, Norma Haque, A. K. M. Ahasanul Kassim, Salina Che Embi, Nor Azizan Agarwal, Khushbu |
author_facet |
Uddin, Md Nazim Hamdan, Hamdino Md Saad, Norma Haque, A. K. M. Ahasanul Kassim, Salina Che Embi, Nor Azizan Agarwal, Khushbu |
author_sort |
Uddin, Md Nazim |
title |
The governance structure of microfinance institutions: a comparison of models of sustainability and their implication on outreach |
title_short |
The governance structure of microfinance institutions: a comparison of models of sustainability and their implication on outreach |
title_full |
The governance structure of microfinance institutions: a comparison of models of sustainability and their implication on outreach |
title_fullStr |
The governance structure of microfinance institutions: a comparison of models of sustainability and their implication on outreach |
title_full_unstemmed |
The governance structure of microfinance institutions: a comparison of models of sustainability and their implication on outreach |
title_sort |
governance structure of microfinance institutions: a comparison of models of sustainability and their implication on outreach |
publisher |
Asian Journal of Economics, Business and Accounting |
publishDate |
2022 |
url |
http://irep.iium.edu.my/99619/3/99619_The%20governance%20structure%20of%20microfinance%20institutions.pdf http://irep.iium.edu.my/99619/ https://journalajeba.com/index.php/AJEBA/article/view/737 |
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1781777340432384000 |
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13.159267 |