Authors: Ana Marr; Paola Tubaro
Addresses: University of Greenwich, Old Royal Naval College, Park Row, London SE10 9LS, UK. ' University of Greenwich, Old Royal Naval College, Park Row, London SE10 9LS, UK
Abstract: This paper studies the 'wholesale' market through which microfinance institutions (MFIs) in Peru, Tanzania and the state of Tamil Nadu in India obtain loans from a variety of domestic and international funding bodies. The focus is on the extent to which patterns in wholesale lending relationships relate to the legal status and characteristics of MFIs; to the regulatory, business and social environment in which they operate and to shifts in the balance between social and commercial interests of diverse types of lenders. The analysis, with data on 120 microfinance organisations over the period 2006-2008, brings to light considerable cross-country variation and relates it primarily to differences in governance and regulation.
Keywords: microfinance; wholesale lending; economics; business; India; Peru; Tanzania; loans; domestic funding; international funding; governance; regulation.
International Journal of Economics and Business Research, 2013 Vol.5 No.1, pp.33 - 54
Available online: 08 Nov 2012 *Full-text access for editors Access for subscribers Purchase this article Comment on this article