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Diversification of Microfinance Institutions: Determinants for Entering the Remittances Market

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  • Ritha Sukadi Mata

Abstract

As financial intermediaries, microfinance institutions (MFIs) contribute to integrate remittances into the formal financial system. Using a database including 225 MFIs from Latin America and the Caribbean, this paper investigates the institutional factors that influence the MFI decision-making process of entering the remittances market. Operational, managerial, and financial performances are considered as potential explanatory factors. Results exhibit that financial performance has the highest impact on the MFIs’ decision to diversify by offering a remittances service. Latest version (August 2011): http://www.solvay.edu/sites/upload/files/CEB_WorkingPapers/LastUpdate/wp10043.pdf

Suggested Citation

  • Ritha Sukadi Mata, 2010. "Diversification of Microfinance Institutions: Determinants for Entering the Remittances Market," Working Papers CEB 10-043, ULB -- Universite Libre de Bruxelles.
    • Handle: RePEc:sol:wpaper:2013/62370
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    References listed on IDEAS

    as
    1. Jean-Paul Azam & Flore Gubert, 2005. "Those in Kayes. The Impact of Remittances on Their Recipients in Africa," Revue économique, Presses de Sciences-Po, vol. 56(6), pages 1331-1358.
    2. repec:dau:papers:123456789/4571 is not listed on IDEAS
    3. Ritha Sukadi Mata, 2009. "Microfinance Institutions (MFIs) on the Remittances Market: Money Transfer Activity and Savings Mobilisation," Working Papers CEB 09-022.RS, ULB -- Universite Libre de Bruxelles.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    microfinance; remittances; money transfer activity; diversification;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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