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Microfinance in Armenia: Sector characteristics and adaptation strategies

Author

Listed:
  • Knar Khachatryan
  • Emma Avetisyan
  • Frédéric Teulon

Abstract

The microfinance sector is relatively new in Armenia, and has shown significant increase over the last decade. We designed a qualitative research to explore the main characteristic and adaptation strategies of the microfinance sector in this country. Our findings indicate that the emergence of MFIs was subject to offering a complementary effort in filing the gap in the financial services industry. Its main objective was to address the increasing unemployment and poverty resulted from transitional shock. The microfinance market is segmented with different programs serving different populations. We found range of microfinance services, unequal coverage in terms of geography and of business sectors, revenues, unequal VAT treatment between commercial banks and MFIs, regulated Microfinance operations, and lack of cooperation within the Microfinance sector and government support as main problems of the sector development.

Suggested Citation

  • Knar Khachatryan & Emma Avetisyan & Frédéric Teulon, 2014. "Microfinance in Armenia: Sector characteristics and adaptation strategies," Working Papers 2014-406, Department of Research, Ipag Business School.
    • Handle: RePEc:ipg:wpaper:2014-406
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    File URL: https://faculty-research.ipag.edu/wp-content/uploads/recherche/WP/IPAG_WP_2014_406.pdf
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    Cited by:

    1. repec:ipg:wpaper:2014-536 is not listed on IDEAS
    2. Balammal Aruna & Madhumathi R & Ganesh MP, 2019. "Performance Evaluation Frameworks in the Context of Indian Microfinance Institutions," Foundations of Management, Sciendo, vol. 11(1), pages 209-228, January.

    More about this item

    Keywords

    Microfinance (MFI); adaptation strategy; poverty alleviation; developing economies; not for-profit firms.;
    All these keywords.

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