The impacts of mobile insurance and microfinance institutions (MFIs) in Kenya

Wondirad, Hailu Abebe

doi:10.1007/s42786-020-00021-2

Cited by 2 publications

(1 citation statement)

References 5 publications

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“…The use of mobile devices and applications in providing financial services has significantly impacted financially excluded communities, particularly in developing countries (Mwafise and Stapleton, 2012). By adopting mobile banking technologies, MFIs are now offering mobile-phone-based services such as loans, savings and insurance, which have significantly improved their financial performance and social outreach (Wondirad, 2020). Reeves and Sabharwal (2013) also contend that MFI may reduce the high interest rate associated with administering small loans by turning to mobile banking.…”

Section: Overview Of the Microfinance Industrymentioning

confidence: 99%

Revenue diversification and financial sustainability of microfinance institutions

Githaiga

2021

AJAR

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PurposeThis paper aims to investigate whether revenue diversification affects the financial sustainability of microfinance institutions (MFIs).Design/methodology/approachThe study uses a worldwide panel data set of 443 MFIs in 108 countries for the period 2013–2018 and two-step system Generalized Method of Moments estimation model.FindingsThe study finds that revenue diversification has a significant and positive effect on the financial sustainability of MFIs.Practical implicationsThe findings of this study actually offer important managerial and policy lessons on MFIs’ financial sustainability. Microfinance managers and policymakers should consider revenue diversification as a strategy through which MFIs can attain financial sustainability instead of overreliance on donations and government subsidiesOriginality/valueUnlike previous studies that examined revenue diversification in the context of banking firms, this study contributes to literature by examining the impact of revenue diversification of the financial sustainability of MFIs.

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Section: Overview Of the Microfinance Industrymentioning

confidence: 99%

Revenue diversification and financial sustainability of microfinance institutions

Githaiga

2021

AJAR

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Reducing Poverty Through Microfinance in Developing Economies

Alhassan

Jiang

2023

Advances in Finance, Accounting, and Economics

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This chapter critically examines how microfinance has been used to reduce poverty rates in developing economies. To achieve this goal, a critical review of existing literature on microfinance outcomes on reducing poverty in developing countries was carried out. Based on the review of literature, this chapter concludes that microfinance positively impact poverty levels in developing countries. However, the chapter also shows that access to microfinance may contribute to higher poverty rates as some studies have produced marginal or negative success, while others yielded positive successes, making it very difficult to generalise the outcomes. The growing popularity of microfinance as a financial inclusion strategy and the high number of empirical studies on the subject have produced new evidence that needs further examination with complex research methodologies to determine its impact on poverty reduction, as outcomes of the current studies are mixed.

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The impacts of mobile insurance and microfinance institutions (MFIs) in Kenya

Cited by 2 publications

References 5 publications

Revenue diversification and financial sustainability of microfinance institutions

Revenue diversification and financial sustainability of microfinance institutions

Reducing Poverty Through Microfinance in Developing Economies

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