IDEAS home Printed from https://ideas.repec.org/a/wly/sustdv/v26y2018i6p606-619.html
   My bibliography  Save this article

Microfinance institutions fostering sustainable development

Author

Listed:
  • Icíar García‐Pérez
  • María Jesús Muñoz‐Torres
  • María Ángeles Fernández‐Izquierdo

Abstract

The microfinance sector is considered an important contributor to the expansion of formal financial systems. It plays a significant role in sustainable development. Microfinance institutions (MFIs) as key actors in the microfinance sector require an organizational management framework that facilitates sustainable growth. The objective of this study is to define a balanced MFI sustainability approach that considers financial, environmental, social and governance dimensions as equally important. Through a clustering process, this research establishes the relationship between the various sustainability indicators provided by MixMarket, and it determines different MFI sustainability profiles. This research uses the Kruskal–Wallis method to characterize each group based on outreach, financial and risk indicators. The results show that there is no balance between the different sustainability areas, and lead to the conclusion that it is necessary to promote an integrative approach to foster sustainability management practices in the microfinance industry.

Suggested Citation

  • Icíar García‐Pérez & María Jesús Muñoz‐Torres & María Ángeles Fernández‐Izquierdo, 2018. "Microfinance institutions fostering sustainable development," Sustainable Development, John Wiley & Sons, Ltd., vol. 26(6), pages 606-619, November.
    • Handle: RePEc:wly:sustdv:v:26:y:2018:i:6:p:606-619
    DOI: 10.1002/sd.1731
    as

    Download full text from publisher

    File URL: https://doi.org/10.1002/sd.1731
    Download Restriction: no
    File URL: https://libkey.io/10.1002/sd.1731?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:sustdv:v:26:y:2018:i:6:p:606-619. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://onlinelibrary.wiley.com/journal/10.1002/(ISSN)1099-1719 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.