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Analysis of the Cost-Efficiency of Microfinance Institutions in the West African Economic Monetary Union Area

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  • Togba, Leadaut Edith Prisca

Abstract

The cost-efficiency of microfinance institutions (MFIs) has emerged as an issue crucial to their survival and the continuity of their services. The present study uses the stochastic frontier method to analyse the levels and determinants of cost-efficiency of a sample of microfinance institutions operating from the West African Economic and Monetary Union (WAEMU) area. For the 2000–2008 period, these MFIs were found to have functioned in an ineffective way in terms of minimizing their costs. Factors influencing cost-efficiency include the age and type of MFI. The study's results also reveal that the number of female borrowers, the MFI's financial performance, level of capitalization, geographical location, and size were explanatory factors for the cost-efficiency of the MFIs studied.

Suggested Citation

  • Togba, Leadaut Edith Prisca, 2016. "Analysis of the Cost-Efficiency of Microfinance Institutions in the West African Economic Monetary Union Area," Working Papers 7d20e8e6-68be-4a03-85fa-5, African Economic Research Consortium.
    • Handle: RePEc:aer:wpaper:7d20e8e6-68be-4a03-85fa-5d0ff02969d4
    Note: African Economic Research Consortium
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