An Analysis of Efficiency and Productivity Change in Microfinance Institutions in the European Union: A DEA-MPI Approach
Jean,
Simon Grima,
Sharon Seychell
Abstract:Purpose: Over the last few decades, microfinance institutions (MFIs) have been essential towards filling certain gaps in the financial sector, specifically in providing credit to lowincome individuals who cannot gain credit access from conventional financial institutions. Ultimately, this reduces poverty and enhances the sustainability of society. However, in order to be able to fulfil this function, MFIs should themselves be financially sustainable, as evidenced from their recent shift in their main social ob… Show more
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