Does the focus on financial versus social performance affect the efficiency of double bottom line firms? The case of microfinance institutions.
Unlike purely profit oriented firms, double bottom line firms care about both financial and social performance. Some firms prioritize profits, while other give higher importance to social and environmental impact. Depending on their preferences, double-bottom line firms will choose different output mixes, inputs and production methods. Nevertheless some of these choices might be suboptimal and create inefficiencies.
In this ECCE Webinar, researcher Matteo Millone discusses how focusing on financial versus social performance affects the efficiency of microfinance institutions. More efficient institutions will be able to lend more and therefore will have larger financial and social impact. We will show whether microfinance institutions that focus on richer more profitable borrowers are indeed more efficient or whether it is possible to efficiently lend to the poor. Our analysis offers a tool for microfinance investors to screen microfinance institutions and maximize the impact of their investment.
Bill Handel, vp of research at Raddon Financial Group, reviews the current regulatory environment and discusses the challenges and opportunities, identified at the recent CEO Strategies Group workshops, that lie ahead for credit unions.
ASSE PDC 2011 CSR for the Safety ProfessionalFayFeeney
Presentation deck from American Society of Safety Engineering 100th Anniversary conference.
This is not to be used for commercial use - for review only.
Developing a Robust Evaluation Evidence Base for Business Support - Professor...enterpriseresearchcentre
The document describes an experimental evaluation of the Creative Credits policy in the UK using a randomized controlled trial plus qualitative data collection (RCT+). Key findings include:
1) The policy had a strong positive effect on project additionality in the short-term by increasing the probability of projects going ahead by 84%.
2) There was a transitory impact on output additionality with a positive effect on innovation and sales after 6 months but no effect after 12 months.
3) There was little positive effect on behavioral or network additionality, with no measurable impact on future innovation intentions or partnering intentions.
4) The qualitative data helped explain these results by identifying issues like the transactional nature of relationships
This document summarizes initial findings from research into discouraged borrowers (DBs) in the UK. It defines DBs as businesses that have financing needs but do not apply for loans due to perceived low chances of success. The research aims to understand why DBs exist and what could encourage them to borrow again. Key findings include:
- DBs tend to be smaller, younger, riskier businesses compared to other firms.
- Discouragement occurs when perceived application costs outweigh perceived chances of success. Improving perceptions and lowering costs could help.
- Perceptions are sensitive to bank satisfaction and peer experiences. Support and bank outreach also impact costs.
- Younger, smaller firms face higher
An objective and comprehensive approach to evaluating the variety of strategic options available to lenders with a decision making construct for action.
The Seal of Excellence for Poverty Outreach and Transformation in Microfinance is a global initiative currently under development that will recognize those institutions doing the most to help families lift themselves out of poverty. The Seal has been under development the past 19 months with input from a broad range of stakeholders and will continue in 2012.
This PowerPoint illustrates how the Seal fits in with current initiatives and how it has developed over time.
This document provides information to help job seekers target careers in Toronto's financial services sector. It discusses the Toronto Financial Services Alliance and their role in connecting talent to employers. It outlines several in-demand career clusters in financial services such as financial advisory, compliance, risk management, and IT. For each cluster, it lists representative roles and describes the key responsibilities. The document emphasizes the importance of showcasing soft skills and providing concrete accomplishments in job applications and interviews.
Bill Handel, vp of research at Raddon Financial Group, reviews the current regulatory environment and discusses the challenges and opportunities, identified at the recent CEO Strategies Group workshops, that lie ahead for credit unions.
ASSE PDC 2011 CSR for the Safety ProfessionalFayFeeney
Presentation deck from American Society of Safety Engineering 100th Anniversary conference.
This is not to be used for commercial use - for review only.
Developing a Robust Evaluation Evidence Base for Business Support - Professor...enterpriseresearchcentre
The document describes an experimental evaluation of the Creative Credits policy in the UK using a randomized controlled trial plus qualitative data collection (RCT+). Key findings include:
1) The policy had a strong positive effect on project additionality in the short-term by increasing the probability of projects going ahead by 84%.
2) There was a transitory impact on output additionality with a positive effect on innovation and sales after 6 months but no effect after 12 months.
3) There was little positive effect on behavioral or network additionality, with no measurable impact on future innovation intentions or partnering intentions.
4) The qualitative data helped explain these results by identifying issues like the transactional nature of relationships
This document summarizes initial findings from research into discouraged borrowers (DBs) in the UK. It defines DBs as businesses that have financing needs but do not apply for loans due to perceived low chances of success. The research aims to understand why DBs exist and what could encourage them to borrow again. Key findings include:
- DBs tend to be smaller, younger, riskier businesses compared to other firms.
- Discouragement occurs when perceived application costs outweigh perceived chances of success. Improving perceptions and lowering costs could help.
- Perceptions are sensitive to bank satisfaction and peer experiences. Support and bank outreach also impact costs.
- Younger, smaller firms face higher
An objective and comprehensive approach to evaluating the variety of strategic options available to lenders with a decision making construct for action.
The Seal of Excellence for Poverty Outreach and Transformation in Microfinance is a global initiative currently under development that will recognize those institutions doing the most to help families lift themselves out of poverty. The Seal has been under development the past 19 months with input from a broad range of stakeholders and will continue in 2012.
This PowerPoint illustrates how the Seal fits in with current initiatives and how it has developed over time.
This document provides information to help job seekers target careers in Toronto's financial services sector. It discusses the Toronto Financial Services Alliance and their role in connecting talent to employers. It outlines several in-demand career clusters in financial services such as financial advisory, compliance, risk management, and IT. For each cluster, it lists representative roles and describes the key responsibilities. The document emphasizes the importance of showcasing soft skills and providing concrete accomplishments in job applications and interviews.
Companion deck to the blog post, Why your big ideas should be in a box.
http://bit.ly/1ahb2YW
How various abstract concepts have been captured visually, and become iconic.
The document discusses social return on investment (SROI) and different methods for measuring social impact and return. It provides examples of how SROI has been applied, including measuring the social and financial returns of a social enterprise that employs disabled individuals in landscaping. While SROI aims to objectively measure social impact, it can be resource intensive and not capture all complexities or account for non-monetizable benefits and costs. Other frameworks mentioned include benefit-cost analysis, expected return, and cost per impact.
Different aspects of business communication used in delta brac housing financ...Asifulla Azad
DBH uses various communication channels like face-to-face, telephone, email and memos for internal and external communication with employees, customers, vendors, and regulatory authorities. Communication practices ensure accountability, transparency, compliance and privacy. While automated systems and a respectful environment are strengths, weaknesses include criticism, limited channels and employee turnover. Opportunities include new technologies, while competitors are a threat.
The document provides an overview of a briefing on impact investment from Next Generation Consultants. Some key points:
1) The briefing discusses the need for an impact investment index for Africa that takes into account the complexities of development contexts on the continent. Existing global models of impact measurement are not always applicable.
2) The proposed Impact Investment Index aims to create a shared performance measurement system for social investment and community development organizations to improve coordination, reduce costs, and better assess collective impact.
3) Impact assessments should distinguish between measuring performance, outcomes, and long-term impacts. The ultimate goal is to understand the tangible and intangible effects of investments and determine what changes can be attributed to interventions.
Sample communication audit, a service I provide at Bridge Communications Consulting. I assist small businesses or individual to assess and inventory their current communication channels, targeted audience and future goals. Once completed, I would make professional recommendations to meet their future communication goals through adding, changing or deleting channels. As an extended service, I will assist in setting up the communication channel including executive presentation/bios or social media platforms.
The document discusses IBM's e-business strategy. IBM aims to transform itself into an e-business to capture new opportunities from technologies like e-commerce. Its strategy focuses on four goals: lead IBM's transformation, facilitate business unit transformation, establish an online strategy, and leverage case studies. Key initiatives include e-commerce, customer service, procurement, marketing and employee services. Implementation has saved IBM $5 billion through procurement and reduced paper invoices.
Verizon Communications was formed through the merger of Bell Atlantic and GTE in 2000. It is the largest wireline and broadband carrier in the US and second largest wireless service provider. While Verizon has strong market positions, its financial ratios in 2003 showed leverage was high and profitability was low compared to industry averages, with declining sales, income, and dividend growth. Strategies were needed to improve profitability through revenue growth, cost reductions, and debt repayment.
Cost vs. Risk: Finding the right balance for hedge fund administrationGrant Thornton LLP
Hedge Funds—Taking a fresh look at operations: How hedge fund managers can engage the right mix of internal, outside and shadow administration. Read the full paper at http://gt-us.co/1rjV3Se
Analysis of the 2007 crisis aftermath shows that financial-services institutions with a clear "way to play" and capabilities to match were better at weathering the storm. Between 2008 and 2014, higher revenue growth correlated with a more focused strategy correlated with higher revenue growth for banks. Banks seeking to thrive in the future should act accordingly.
Loyalty programs are used to acquire new customers, increase spending of existing customers, improve retention rates, and shift spending to higher margin products. There are now over 1.8 billion loyalty program memberships in the US, though many members are inactive. Relevance, reducing complexity, and reinforcing choices are key principles of loyalty marketing. Understanding customer profitability beyond just loyal customers is important, as the bottom 30% of customers can reduce overall profits. Future loyalty programs will focus on segmentation, tiering, broadening relationships across purchases, instant rewards, and coalition programs with multiple companies.
- Prolonged recession has impacted businesses, causing tight budgets and forcing leaders to leverage technology more efficiently at lower costs. IT consulting is emerging as a powerful model to rapidly implement customized solutions.
- The IT consulting market will see rapid growth, not in spite of macroeconomic issues but because of them, as companies optimize technology ROI. SaaS adoption will explode over the next five years.
- Consulting is becoming more prominent and is changing traditional business metrics, focusing on time-to-value and customer satisfaction over long-term contracts. Recommendations include demonstrating value to buyers and expanding service offerings.
Best Approach to Finance SMEs-Program Lending rabbani63
Program lending is an approach for banks to finance small and medium enterprises (SMEs) in a standardized way. It involves designing uniform lending programs tailored for specific SME sectors. This reduces processing costs and credit risk for banks. Eligibility criteria, terms, conditions and simplified approval processes are standardized. Banks can develop quality SME lending portfolios and lower costs while achieving higher profit margins. Implementing program lending requires support from senior management, credit data, and redesigning business processes to coordinate standardized SME financing at scale.
This document summarizes a webinar about how technology is inspiring bank branch design. The webinar featured presentations from executives at Royal Bank of Canada and Allen International discussing their experiences redesigning bank branches using new technologies. RBC redesigned their branches to be more open and focused on customer advice, using technologies like Microsoft Surface tables. Allen International discussed projects redesigning branches for other banks to enhance customer experience.
This presentation details why a Social Media ROI Model is needed over the Traditional ROI Model, how to set up the model, and also introduces the concept of Engagement Value.
debasis ppt on recuitment consultancy_finalDEBASIS NASKAR
The Indian consulting industry has grown rapidly in recent years and is projected to become a Rs. 23,000-crore industry by 2013. Currently valued at Rs. 19,000 crore, the sector sees the largest presence in Delhi, Mumbai, Chennai, and Kolkata. The growth has been driven by increasing demand from both domestic and foreign firms for consultancy services. Major players in the industry provide expertise in areas such as engineering, telecom, power, and software. Differentiating in the future will require quantifying the value provided to clients and developing rating systems to compare consultants. There is also interest in measuring return on investment for consulting projects through objective evaluation.
The Centre for Children and Young People’s Participation, University of Central Lancashire. Presentation for seminar Series 2014, Children and Social Justice, May 2014
'Embedding children and young people’s participation in health services and research'
APA 2015_LM Brady involving cyp in research_03.15Louca-Mai Brady
This document discusses children and young people's involvement in research. It defines key terms like consultation, participation, and involvement. It explores models of involvement from being research subjects to collaborators. Practical and ethical considerations for involving children and young people are discussed. Examples of children's advisory groups for health research are provided. The document challenges myths about young people's ability to be involved and provides tips for planning their involvement.
This document discusses challenges involving young people in a research study and developing alternative models of participation. The original plan was to recruit an advisory group of 10-12 young people who used drug and alcohol services to actively engage throughout the project. However, some challenges emerged such as gatekeepers not passing on information, difficulties with location and commitment to meetings. As a result, an alternative Plan B was developed using a smaller, more flexible advisors group with one-off workshops, telephone meetings, and an online space to communicate. The document poses questions about challenges recruiting "hard to reach" youth, inclusiveness of current participation models, and how to best involve young people in health research beyond just youth advisory groups.
The VIK Project aimed to raise awareness of and improve services for children and young people's mental health. It provided participation training to 133 CAMHS services and engaged over 5,000 young people. Through their feedback, the project helped shape national policy and improve mental health services.
Companion deck to the blog post, Why your big ideas should be in a box.
http://bit.ly/1ahb2YW
How various abstract concepts have been captured visually, and become iconic.
The document discusses social return on investment (SROI) and different methods for measuring social impact and return. It provides examples of how SROI has been applied, including measuring the social and financial returns of a social enterprise that employs disabled individuals in landscaping. While SROI aims to objectively measure social impact, it can be resource intensive and not capture all complexities or account for non-monetizable benefits and costs. Other frameworks mentioned include benefit-cost analysis, expected return, and cost per impact.
Different aspects of business communication used in delta brac housing financ...Asifulla Azad
DBH uses various communication channels like face-to-face, telephone, email and memos for internal and external communication with employees, customers, vendors, and regulatory authorities. Communication practices ensure accountability, transparency, compliance and privacy. While automated systems and a respectful environment are strengths, weaknesses include criticism, limited channels and employee turnover. Opportunities include new technologies, while competitors are a threat.
The document provides an overview of a briefing on impact investment from Next Generation Consultants. Some key points:
1) The briefing discusses the need for an impact investment index for Africa that takes into account the complexities of development contexts on the continent. Existing global models of impact measurement are not always applicable.
2) The proposed Impact Investment Index aims to create a shared performance measurement system for social investment and community development organizations to improve coordination, reduce costs, and better assess collective impact.
3) Impact assessments should distinguish between measuring performance, outcomes, and long-term impacts. The ultimate goal is to understand the tangible and intangible effects of investments and determine what changes can be attributed to interventions.
Sample communication audit, a service I provide at Bridge Communications Consulting. I assist small businesses or individual to assess and inventory their current communication channels, targeted audience and future goals. Once completed, I would make professional recommendations to meet their future communication goals through adding, changing or deleting channels. As an extended service, I will assist in setting up the communication channel including executive presentation/bios or social media platforms.
The document discusses IBM's e-business strategy. IBM aims to transform itself into an e-business to capture new opportunities from technologies like e-commerce. Its strategy focuses on four goals: lead IBM's transformation, facilitate business unit transformation, establish an online strategy, and leverage case studies. Key initiatives include e-commerce, customer service, procurement, marketing and employee services. Implementation has saved IBM $5 billion through procurement and reduced paper invoices.
Verizon Communications was formed through the merger of Bell Atlantic and GTE in 2000. It is the largest wireline and broadband carrier in the US and second largest wireless service provider. While Verizon has strong market positions, its financial ratios in 2003 showed leverage was high and profitability was low compared to industry averages, with declining sales, income, and dividend growth. Strategies were needed to improve profitability through revenue growth, cost reductions, and debt repayment.
Cost vs. Risk: Finding the right balance for hedge fund administrationGrant Thornton LLP
Hedge Funds—Taking a fresh look at operations: How hedge fund managers can engage the right mix of internal, outside and shadow administration. Read the full paper at http://gt-us.co/1rjV3Se
Analysis of the 2007 crisis aftermath shows that financial-services institutions with a clear "way to play" and capabilities to match were better at weathering the storm. Between 2008 and 2014, higher revenue growth correlated with a more focused strategy correlated with higher revenue growth for banks. Banks seeking to thrive in the future should act accordingly.
Loyalty programs are used to acquire new customers, increase spending of existing customers, improve retention rates, and shift spending to higher margin products. There are now over 1.8 billion loyalty program memberships in the US, though many members are inactive. Relevance, reducing complexity, and reinforcing choices are key principles of loyalty marketing. Understanding customer profitability beyond just loyal customers is important, as the bottom 30% of customers can reduce overall profits. Future loyalty programs will focus on segmentation, tiering, broadening relationships across purchases, instant rewards, and coalition programs with multiple companies.
- Prolonged recession has impacted businesses, causing tight budgets and forcing leaders to leverage technology more efficiently at lower costs. IT consulting is emerging as a powerful model to rapidly implement customized solutions.
- The IT consulting market will see rapid growth, not in spite of macroeconomic issues but because of them, as companies optimize technology ROI. SaaS adoption will explode over the next five years.
- Consulting is becoming more prominent and is changing traditional business metrics, focusing on time-to-value and customer satisfaction over long-term contracts. Recommendations include demonstrating value to buyers and expanding service offerings.
Best Approach to Finance SMEs-Program Lending rabbani63
Program lending is an approach for banks to finance small and medium enterprises (SMEs) in a standardized way. It involves designing uniform lending programs tailored for specific SME sectors. This reduces processing costs and credit risk for banks. Eligibility criteria, terms, conditions and simplified approval processes are standardized. Banks can develop quality SME lending portfolios and lower costs while achieving higher profit margins. Implementing program lending requires support from senior management, credit data, and redesigning business processes to coordinate standardized SME financing at scale.
This document summarizes a webinar about how technology is inspiring bank branch design. The webinar featured presentations from executives at Royal Bank of Canada and Allen International discussing their experiences redesigning bank branches using new technologies. RBC redesigned their branches to be more open and focused on customer advice, using technologies like Microsoft Surface tables. Allen International discussed projects redesigning branches for other banks to enhance customer experience.
This presentation details why a Social Media ROI Model is needed over the Traditional ROI Model, how to set up the model, and also introduces the concept of Engagement Value.
debasis ppt on recuitment consultancy_finalDEBASIS NASKAR
The Indian consulting industry has grown rapidly in recent years and is projected to become a Rs. 23,000-crore industry by 2013. Currently valued at Rs. 19,000 crore, the sector sees the largest presence in Delhi, Mumbai, Chennai, and Kolkata. The growth has been driven by increasing demand from both domestic and foreign firms for consultancy services. Major players in the industry provide expertise in areas such as engineering, telecom, power, and software. Differentiating in the future will require quantifying the value provided to clients and developing rating systems to compare consultants. There is also interest in measuring return on investment for consulting projects through objective evaluation.
The Centre for Children and Young People’s Participation, University of Central Lancashire. Presentation for seminar Series 2014, Children and Social Justice, May 2014
'Embedding children and young people’s participation in health services and research'
APA 2015_LM Brady involving cyp in research_03.15Louca-Mai Brady
This document discusses children and young people's involvement in research. It defines key terms like consultation, participation, and involvement. It explores models of involvement from being research subjects to collaborators. Practical and ethical considerations for involving children and young people are discussed. Examples of children's advisory groups for health research are provided. The document challenges myths about young people's ability to be involved and provides tips for planning their involvement.
This document discusses challenges involving young people in a research study and developing alternative models of participation. The original plan was to recruit an advisory group of 10-12 young people who used drug and alcohol services to actively engage throughout the project. However, some challenges emerged such as gatekeepers not passing on information, difficulties with location and commitment to meetings. As a result, an alternative Plan B was developed using a smaller, more flexible advisors group with one-off workshops, telephone meetings, and an online space to communicate. The document poses questions about challenges recruiting "hard to reach" youth, inclusiveness of current participation models, and how to best involve young people in health research beyond just youth advisory groups.
The VIK Project aimed to raise awareness of and improve services for children and young people's mental health. It provided participation training to 133 CAMHS services and engaged over 5,000 young people. Through their feedback, the project helped shape national policy and improve mental health services.
There are over 350 careers in the NHS beyond just doctors and nurses. The NHS has an annual budget of over £106 billion and employs over 1.7 million people, making it one of the largest employers in the world. A group of students worked on a project to design a membership package and branding for a local hospital targeting young people aged 14-16 to get them interested in careers in health. They went through several design workshops and phases including presenting their ideas to the hospital trust board to get feedback. The goal was for it to be an outstanding project that provided real-world learning experiences for the students.
Barry Percy-Smith_Presentation to PRWE forum_201113Louca-Mai Brady
This document discusses issues, challenges, and possibilities regarding meaningful participation of children. It notes that while children have a right to participate according to the UNCRC, there are still many challenges. Participation is often done on adult terms rather than children's terms. Effective participation involves children having influence at all stages of decision making, not just being consulted. For participation to be embedded, organizations must become learning organizations that reflect on their practices and involve all stakeholders, including children and practitioners, in ongoing learning and change. Examples provided show how participation can be embedded by creating spaces for dialogue, reflection, and inquiry between children and adults.
This document discusses involving children and young people in health and social care research. It provides context on policies supporting their involvement. Benefits include research being more relevant and findings more accessible, while challenges include logistics, ethics, and ensuring meaningful participation. Principles for effective involvement include planning at all stages, obtaining informed consent, providing training and support, and evaluating impact. Creative methods and involving youth in evaluation can help overcome challenges.
This document summarizes an ethics training day on conducting research with children. It discusses:
1) The importance of involving children in research and obtaining their informed consent while protecting them from harm.
2) Practical challenges like ensuring diversity, working with gatekeepers, and obtaining consent from both children and their parents.
3) Examples of successfully involving "seldom heard" youth and using social media to engage young people in research projects.
Good Measures: The Case for Quantification in Impact InvestmentPabloVerra
1) Impact measurement and management is important for impact investors to understand their social and environmental performance, improve investment decisions, and avoid "impact washing".
2) There have been several developments in impact measurement standards and tools over the past decade, including the IRIS catalog of metrics, the Operating Principles for Impact Investing, and the DELTA and AIMM frameworks.
3) Recent frameworks like IRIS+ and methods like those from inFocus aim to increase standardization, comparability, and practical guidance for impact investors in how to define goals, select metrics, and manage performance.
The document discusses a research project on the relationship between corporate environmental governance and strategy, and stock price growth. It summarizes the research objective to determine if high/low stock price growth can be correlated to high/low levels of environmental governance and strategy. It outlines the research methods, targeted industries, early findings from surveys, and frameworks for sustainability strategy and risk.
Analysis of impact of microfinance on rural economyamitgurus
Microfinance aims to provide financial services to low-income clients. Rigorously evaluating its impact is important to understand if benefits justify costs and improve program design. However, impact evaluations face challenges like selection bias and non-random placement. Randomized evaluations that compare clients in program areas to those in control areas can help address these issues by attributing any differences to the program. Sample size, unit of randomization, and how randomization is operationalized must be considered in evaluation design.
The document discusses microfinance in India and the work of the Centre for Micro Finance (CMF). CMF aims to maximize the impact of microfinance through research and strategy building for microfinance institutions (MFIs). Its Research Unit conducts studies on topics like the financial behavior of clients and the impact of microfinance. Its Strategy Unit provides advice to MFIs on growth strategies, organizational structure, and reducing costs of funds. CMF also facilitates partnerships between MFIs and companies to improve clients' livelihoods through activities like cattle feed distribution and mint cultivation.
Microfinance has the potential to positively impact rural economies and lift people out of poverty. However, rigorously evaluating the actual impact of microfinance programs on outcomes like income, consumption, empowerment is difficult due to issues like selection bias and other external factors changing over time. Randomized controlled trials that compare eligible participants randomly assigned to a treatment group that receives microloans to a comparison group that does not can help establish causal effects by controlling for these biases. Further research is still needed to identify the most effective program designs and complementary services that maximize microfinance's poverty alleviation impact.
Impact Investing Masterclass – Deck for Future VC 2021Dama Sathianathan
Here's my deck all about impact investing used in the Future VC Masterclass, providing new talent breaking into VC with an overview of what impact investing is and how it applies to the venture capital industry.
The five reasons why organisations choose the wrong projectsInSync Conference
Organizations often choose the wrong projects for several reasons: capturing the wrong information, decision-making bias, not knowing the right metrics, focusing only on whether a project should be done without considering whether it can be done, and not taking a portfolio focus. The document outlines each of these reasons in more detail and provides suggestions for improving project selection, such as capturing the right data, countering biases, using appropriate metrics like alignment and risk, considering available resources and budgets, and taking a portfolio management approach.
Pay for Today (and Tomorrow): Compensation in the Nonprofit Sector (DC)Church Pension Group
Lately, it seems that any sentence containing the words "nonprofit" and "compensation" is related to the scrutiny of pay provided to the presidents and other top executives of organizations. However, for most nonprofit organizations, far more compensation dollars are paid to the broader, non-executive employee population. My presentation from the October 2010 Nonprofit Human Resources Conference in Washington, DC focuses on prevailing practices and emerging trends regarding compensation in the nonprofit sector, including the impact of internal and external influences.
Atlas High Performance Economic Development is a Team Sport - Pure MichiganAtlas Integrated
The document provides an overview of a presentation on high performance economic development. It discusses how economic development is a team sport and introduces Atlas, a marketing firm specializing in economic development. It outlines the need for metrics in economic development and how to implement a metrics-based approach. The presentation includes exercises where attendees prepare metrics presentations for their communities and provides contact information for the speaker.
1) The document discusses valuation approaches and challenges for microfinance institutions (MFIs). It explores applying conventional bank valuation methods like discounted cash flow and multiples to MFIs while accounting for their differences from banks.
2) MFIs differ in that they focus on low-income customers and small businesses, and their business model incorporates sustainability. Their growth stage also impacts valuation as they transition from loans to additional products over time.
3) Valuation challenges for MFIs include emerging market risks, lack of trading data as non-listed companies, and high growth affecting discount rates and terminal values. The appropriate valuation method depends on the MFI's stage in its lifecycle development.
The document discusses keys to financing a new venture, including:
1) Types of financing like debt, equity, and combinations. Debt has fixed costs but less risk, while equity is more expensive but has no obligation to repay.
2) Sources of financing including banks, leasing, factoring, angels, and venture capital. Timing of financing depends on the venture's stage.
3) A business plan is important to make the case for why the venture will succeed and raise the needed capital. It should analyze the market, competition, and operations.
The document discusses keys to financing a new venture, including different types of financing (debt vs equity), sources of financing (friends/family, banks, venture capital), and when different types are appropriate. It provides examples of analyzing financing needs for case studies of different companies, including assessing debt vs equity and timing of raising funds. The goal is to minimize risk for both the entrepreneur and investors by staging investments appropriately.
1. The document provides an overview of a webinar from CEB Financial Services on buyer profiles of financial services technology shoppers. It includes roadmaps, frameworks, and profiles of different roles involved in buying decisions like line of business, strategy, customer experience, finance, and IT.
2. The profiles describe the missions, skills, priorities, and development goals of each role to help technology providers understand how to effectively engage with each type of decision maker.
3. The document emphasizes understanding stakeholders' needs, budgets, and priorities in order to present solutions that demonstrate strong ROI and benefits for growth, costs, and regulatory compliance.
Insplore Consultants provides financial advisory and recruitment services. It aims to become the most trusted financial advisor and valuable recruitment service provider. It uses segmentation to target consumers with incomes of Rs. 4-6 lakhs annually. Insplore differentiates its products and services, achieving an 80% profit increase in 2021-22. A SWOT analysis found strengths in compliance, reputation and team, while weaknesses included slow paper-based processes and limited locations. Opportunities exist in expanding locations, new technology, and more projects. Threats include regulation changes, demand fluctuations, and competitor or customer financial issues.
Pay for Today (and Tomorrow): Compensation in the Nonprofit Sector (Rutgers)Church Pension Group
This document discusses compensation in the nonprofit sector. It begins with an overview of the speaker's background and qualifications. It then reviews trends in nonprofit compensation, including that it has traditionally lagged the for-profit sector, especially at higher levels. The document outlines how the economic downturn has impacted nonprofit pay and benefits in recent years, with cuts, freezes and limited growth. It predicts upcoming challenges and changes, such as increasing scrutiny of executive pay and demands for competitive wages. The speaker provides recommendations for nonprofits, including assessing compensation policies and market competitiveness, strengthening performance management, and using total rewards to inform funding requests.
Similar to Practice What you Preach - Benchmarking Microfinance Institutions with Heterogeneous Preferences (20)
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck mari...Donc Test
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdfshruti1menon2
NIM is calculated as the difference between interest income earned and interest expenses paid, divided by interest-earning assets.
Importance: NIM serves as a critical measure of a financial institution's profitability and operational efficiency. It reflects how effectively the institution is utilizing its interest-earning assets to generate income while managing interest costs.
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
The Rise and Fall of Ponzi Schemes in America.pptxDiana Rose
Ponzi schemes, a notorious form of financial fraud, have plagued America’s investment landscape for decades. Named after Charles Ponzi, who orchestrated one of the most infamous schemes in the early 20th century, these fraudulent operations promise high returns with little or no risk, only to collapse and leave investors with significant losses. This article explores the nature of Ponzi schemes, notable cases in American history, their impact on victims, and measures to prevent falling prey to such scams.
Understanding Ponzi Schemes
A Ponzi scheme is an investment scam where returns are paid to earlier investors using the capital from newer investors, rather than from legitimate profit earned. The scheme relies on a constant influx of new investments to continue paying the promised returns. Eventually, when the flow of new money slows down or stops, the scheme collapses, leaving the majority of investors with substantial financial losses.
Historical Context: Charles Ponzi and His Legacy
Charles Ponzi is the namesake of this deceptive practice. In the 1920s, Ponzi promised investors in Boston a 50% return within 45 days or 100% return in 90 days through arbitrage of international reply coupons. Initially, he paid returns as promised, not from profits, but from the investments of new participants. When his scheme unraveled, it resulted in losses exceeding $20 million (equivalent to about $270 million today).
Notable American Ponzi Schemes
1. Bernie Madoff: Perhaps the most notorious Ponzi scheme in recent history, Bernie Madoff’s fraud involved $65 billion. Madoff, a well-respected figure in the financial industry, promised steady, high returns through a secretive investment strategy. His scheme lasted for decades before collapsing in 2008, devastating thousands of investors, including individuals, charities, and institutional clients.
2. Allen Stanford: Through his company, Stanford Financial Group, Allen Stanford orchestrated a $7 billion Ponzi scheme, luring investors with fraudulent certificates of deposit issued by his offshore bank. Stanford promised high returns and lavish lifestyle benefits to his investors, which ultimately led to a 110-year prison sentence for the financier in 2012.
3. Tom Petters: In a scheme that lasted more than a decade, Tom Petters ran a $3.65 billion Ponzi scheme, using his company, Petters Group Worldwide. He claimed to buy and sell consumer electronics, but in reality, he used new investments to pay off old debts and fund his extravagant lifestyle. Petters was convicted in 2009 and sentenced to 50 years in prison.
4. Eric Dalius and Saivian: Eric Dalius, a prominent figure behind Saivian, a cashback program promising high returns, is under scrutiny for allegedly orchestrating a Ponzi scheme. Saivian enticed investors with promises of up to 20% cash back on everyday purchases. However, investigations suggest that the returns were paid using new investments rather than legitimate profits. The collapse of Saivian l
Discover the Future of Dogecoin with Our Comprehensive Guidance36 Crypto
Learn in-depth about Dogecoin's trajectory and stay informed with 36crypto's essential and up-to-date information about the crypto space.
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Confirmation of Payee (CoP) is a vital security measure adopted by financial institutions and payment service providers. Its core purpose is to confirm that the recipient’s name matches the information provided by the sender during a banking transaction, ensuring that funds are transferred to the correct payment account.
Confirmation of Payee was built to tackle the increasing numbers of APP Fraud and in the landscape of UK banking, the spectre of APP fraud looms large. In 2022, over £1.2 billion was stolen by fraudsters through authorised and unauthorised fraud, equivalent to more than £2,300 every minute. This statistic emphasises the urgent need for robust security measures like CoP. While over £1.2 billion was stolen through fraud in 2022, there was an eight per cent reduction compared to 2021 which highlights the positive outcomes obtained from the implementation of Confirmation of Payee. The number of fraud cases across the UK also decreased by four per cent to nearly three million cases during the same period; latest statistics from UK Finance.
In essence, Confirmation of Payee plays a pivotal role in digital banking, guaranteeing the flawless execution of banking transactions. It stands as a guardian against fraud and misallocation, demonstrating the commitment of financial institutions to safeguard their clients’ assets. The next time you engage in a banking transaction, remember the invaluable role of CoP in ensuring the security of your financial interests.
For more details, you can visit https://technoxander.com.
Practice What you Preach - Benchmarking Microfinance Institutions with Heterogeneous Preferences
1. Introduction
Benchmarking
Results
Conclusions
Practice What You Preach
Benchmarking Microfinance Institutions with Heterogeneous
Preferences
Jaap Bos, Maastricht University
Matteo Millone, Maastricht University
ECCE Webinar, 17 April, 2013
Jaap Bos & Matteo Millone Practice What You Preach
3. Introduction
Benchmarking
Results
Conclusions
Motivation and Contribution
Research Questions
Findings
”No longer can microfinance investment be viewed as an
exclusively do-good, low-risk, relative safe haven. [...] equity
investors are reassessing the social and financial performance
of the asset class.” J. P. Morgan, Global Microfinance
Valuation Survey 2011
Jaap Bos & Matteo Millone Practice What You Preach
4. Introduction
Benchmarking
Results
Conclusions
Motivation and Contribution
Research Questions
Findings
”No longer can microfinance investment be viewed as an
exclusively do-good, low-risk, relative safe haven. [...] equity
investors are reassessing the social and financial performance
of the asset class.” J. P. Morgan, Global Microfinance
Valuation Survey 2011
”Everyone involved in microfinance shares a basic goal: to
provide credit and savings services to thousands or millions of
poor people in a sustainable way ... a problem of dual
maximisation” Rhyne, The Microbanking Bulletin
Jaap Bos & Matteo Millone Practice What You Preach
6. Introduction
Benchmarking
Results
Conclusions
Motivation and Contribution
Research Questions
Findings
Investing in microfinance
More than one criterium guides the decision to invest in
microfinance:
1 Financial risk and return
2 Outreach and impact (social and political risk)
Large variation across microfinance institutions (MFIs)
Jaap Bos & Matteo Millone Practice What You Preach
7. Introduction
Benchmarking
Results
Conclusions
Motivation and Contribution
Research Questions
Findings
Investing in microfinance
More than one criterium guides the decision to invest in
microfinance:
1 Financial risk and return
2 Outreach and impact (social and political risk)
Large variation across microfinance institutions (MFIs)
Relative weight of criteria depends on preferences of investor
Jaap Bos & Matteo Millone Practice What You Preach
8. Introduction
Benchmarking
Results
Conclusions
Motivation and Contribution
Research Questions
Findings
Investing in microfinance
More than one criterium guides the decision to invest in
microfinance:
1 Financial risk and return
2 Outreach and impact (social and political risk)
Large variation across microfinance institutions (MFIs)
Relative weight of criteria depends on preferences of investor
Unclear relationship between two sets of criteria
Jaap Bos & Matteo Millone Practice What You Preach
10. Introduction
Benchmarking
Results
Conclusions
Motivation and Contribution
Research Questions
Findings
Benchmarking Paradox
Benchmarking makes sense only if we compare apples to apples
Focus on efficiency
Relevant for microfinance, given scarcity of inputs!
Calculate efficiency by taking into account different
dimensions of output
Jaap Bos & Matteo Millone Practice What You Preach
11. Introduction
Benchmarking
Results
Conclusions
Motivation and Contribution
Research Questions
Findings
Research questions
Are MFIs really that different?
Is there a trade-off between number of clients served, mission
drift and price of the loans?
Are MFIs that lend to richer borrowers more efficient?
Is it possible to offer small and affordable loans?
Is there such a thing as an excessive focus on women
borrowers?
Jaap Bos & Matteo Millone Practice What You Preach
12. Introduction
Benchmarking
Results
Conclusions
Motivation and Contribution
Research Questions
Findings
Benchmarking and Engaging
Our methodology provides a useful tool to:
Benchmark Pick the most efficient institutions compared to a
peer group.
Advantage:Ranking valid across output measures.
Target:Passive investors with predefined preferences,
looking at investing in the best practice MFIs
Jaap Bos & Matteo Millone Practice What You Preach
13. Introduction
Benchmarking
Results
Conclusions
Motivation and Contribution
Research Questions
Findings
Benchmarking and Engaging
Our methodology provides a useful tool to:
Benchmark Pick the most efficient institutions compared to a
peer group.
Advantage:Ranking valid across output measures.
Target:Passive investors with predefined preferences,
looking at investing in the best practice MFIs
Engage Identifies common traits of under performing MFIs.
Advantage:Indicates size and direction of possible
efficiency gain.
Target:Investors looking at opportunities to generate
social impact through engagement.
Jaap Bos & Matteo Millone Practice What You Preach
14. Introduction
Benchmarking
Results
Conclusions
Motivation and Contribution
Research Questions
Findings
Preview of the results
MFIs differ strongly given differences in their legal status
There is indeed a non-linear trade off between mission
drift and number of clients served
Targeting richer borrowers reduces efficiency
Lending to the very poor is efficient, but not affordable
(for the clients): MFIs with higher outreach charge higher
interest rates
Lending exclusively to women reduces efficiency
Jaap Bos & Matteo Millone Practice What You Preach
15. Introduction
Benchmarking
Results
Conclusions
Approach
Measuring preferences
Theory
Advantages
Benchmarking firms with heterogeneous preferences
Population of MFIs
Non-for profit Microfinance Institutions (MFIs) with high
outreach and dependent on subsidies
Profitable MFIs with lower outreach, high interest rate and
private funding
... and a whole lot in between
How can we compare the performance of institutions with different
objectives and incentives?
Jaap Bos & Matteo Millone Practice What You Preach
16. Introduction
Benchmarking
Results
Conclusions
Approach
Measuring preferences
Theory
Advantages
Measuring preferences
MFIs have heterogenous preferences (goals), that need to be taken
into account when assessing performance.
Decompose output into 3 measures:
Yield - Price of the Loans
Average Loan Size - Mission Drift(Depth of Outreach)
Number of Loans - Outreach(Breadth of Outreach)
Value Added of Gross Loan Portfolio (Total Output) =
Yield x Average Loan Size x Number of Loans
Jaap Bos & Matteo Millone Practice What You Preach
17. Introduction
Benchmarking
Results
Conclusions
Approach
Measuring preferences
Theory
Advantages
Accounting for multiple dimensions
Given the same inputs:
The cost per dollar lent of a small loan will always be larger
than for a bigger loans...
...MFIs that serve the very poor will have higher costs and
poorer financial performance...
... which will lead to a lower added value of gross loan
portfolio in the future.
Jaap Bos & Matteo Millone Practice What You Preach
18. Introduction
Benchmarking
Results
Conclusions
Approach
Measuring preferences
Theory
Advantages
Accounting for multiple dimensions
Given the same inputs:
The cost per dollar lent of a small loan will always be larger
than for a bigger loans...
...MFIs that serve the very poor will have higher costs and
poorer financial performance...
... which will lead to a lower added value of gross loan
portfolio in the future.
Find a measure of performance that does not depend on
preferences:
Efficiency
Jaap Bos & Matteo Millone Practice What You Preach
20. Introduction
Benchmarking
Results
Conclusions
Approach
Measuring preferences
Theory
Advantages
Only one measure: Efficiency
The position on the curve (preferences) does not matter, only
relevant factor is the distance from the curve
Intuitive interpretation
80% efficiency: given inputs output can be increased by 20%
Circumvents limitations of rating agencies (CGAP, 2010):
Diversity of products and lack of clarity
Duality between assessment for the MFI and service for the
investor
Emphasis placed by MFIs on professional and interpersonal
relationships with rating agencies may jeopardize neutrality of
agencies
Cheap, fast, standardized
Jaap Bos & Matteo Millone Practice What You Preach
21. Introduction
Benchmarking
Results
Conclusions
Data
Heterogeneity of MFIs
Output trade-off
Efficiency and Mission Drift
Exogenous Determinants of Efficiency
Microfinance Information Exchange market (MIX)
Widely used in the literature
Self reported balance sheet information
Unbalanced panel data
1,146 MFIs
2003-2010
3,890 total observations
Jaap Bos & Matteo Millone Practice What You Preach
22. Introduction
Benchmarking
Results
Conclusions
Data
Heterogeneity of MFIs
Output trade-off
Efficiency and Mission Drift
Exogenous Determinants of Efficiency
MFIs differ strongly depending on legal status
Bank NGO
Outputs
Average Loan Size 1627.5 650.4
Number of Loans 78132 45154
Yield 0.24 0.28
Yield(n) 0.33 0.35
GLP (millions) 88.5 12.9
Costs
Costs per loan 283.9 115.1
Cost per dollar 0.23 0.26
Other
Portfolio at risk 30 0.05 0.05
% women borrowers 53.0 74.4
Jaap Bos & Matteo Millone Practice What You Preach
23. Introduction
Benchmarking
Results
Conclusions
Data
Heterogeneity of MFIs
Output trade-off
Efficiency and Mission Drift
Exogenous Determinants of Efficiency
Implications of MFI heterogeneity
Depending on legal status MFIs have very different business
models
Size of loans, cost per loan and % of women show largest
variation
Difficult to identify ”better” institutions
Warrants the use of a multi output performance tool
Jaap Bos & Matteo Millone Practice What You Preach
24. Introduction
Benchmarking
Results
Conclusions
Data
Heterogeneity of MFIs
Output trade-off
Efficiency and Mission Drift
Exogenous Determinants of Efficiency
Output trade-off
Mean Elasticity
of Average Loan Size
Elasticity to number of loans -0.68***
Elasticity to yield on gross loan portfolio -0.18***
Total input price elasticity 0.94***
How to read the coefficients
Negative elasticity implies a negative relationship (trade-off)
The larger the elasticity the stronger the trade-off
Total input elasticity <1 implies no economies of scale
Jaap Bos & Matteo Millone Practice What You Preach
25. Introduction
Benchmarking
Results
Conclusions
Data
Heterogeneity of MFIs
Output trade-off
Efficiency and Mission Drift
Exogenous Determinants of Efficiency
Implication of output trade-off
Breadth and depth of outreach are positively correlated
Offering larger loans (mission drift) does not help to increase
the number of clients
Smaller loans are more expensive
Increasing the size of the institutions does not lead to
economies of scale
Jaap Bos & Matteo Millone Practice What You Preach
26. Introduction
Benchmarking
Results
Conclusions
Data
Heterogeneity of MFIs
Output trade-off
Efficiency and Mission Drift
Exogenous Determinants of Efficiency
Is the trade off constant?
.2
.4
.6
.8
1
−ElasticityofALStoNumberofLoans
0 5000 10000 15000 20000
Average Loan Size
−.2
0
.2
.4
.6
−ElasticityofALStoYield
0 5000 10000 15000 20000
Average Loan Size
Jaap Bos & Matteo Millone Practice What You Preach
27. Introduction
Benchmarking
Results
Conclusions
Data
Heterogeneity of MFIs
Output trade-off
Efficiency and Mission Drift
Exogenous Determinants of Efficiency
Implications of non-linear trade-off
Increasing strength of elasticity to loan size
Number of loans and size of the loan are always negatively
correlated
Larger loans are more expensive in terms of depth of outreach
No evidence that mission drift increases breadth of
outreach
Decreasing strength of elasticity to yield on gross portfolio
As average loans size increases the negative relationship with
yield tends to disappear
For a number of MFIs there is no need to charge higher
interest rates for smaller loans
No evidence that mission drift is always correlated with
a reduction in interest rates
Jaap Bos & Matteo Millone Practice What You Preach
28. Introduction
Benchmarking
Results
Conclusions
Data
Heterogeneity of MFIs
Output trade-off
Efficiency and Mission Drift
Exogenous Determinants of Efficiency
Does mission drift increase efficiency?
.2
.4
.6
.8
1
TechnicalEfficiency
Small Loans Large Loans
Correlation between average loans size and efficiency = -0.20***
Jaap Bos & Matteo Millone Practice What You Preach
29. Introduction
Benchmarking
Results
Conclusions
Data
Heterogeneity of MFIs
Output trade-off
Efficiency and Mission Drift
Exogenous Determinants of Efficiency
Implications of mission drift and efficiency
No evidence of MFIs offering larger loans being more efficient
Mission drift does not lead to better use of resources
Smaller loans are more efficient
Challenges of moving upmarket
Lower quality of residual borrowers
Different managerial skill set
Increased competition with banks
Jaap Bos & Matteo Millone Practice What You Preach
30. Introduction
Benchmarking
Results
Conclusions
Data
Heterogeneity of MFIs
Output trade-off
Efficiency and Mission Drift
Exogenous Determinants of Efficiency
Can the poor be served efficiently?
.65
.7
.75
.8
Efficiency
Cheap Loans Expensive Loans
Small Large Small Large Small Large Small Large
Jaap Bos & Matteo Millone Practice What You Preach
31. Introduction
Benchmarking
Results
Conclusions
Data
Heterogeneity of MFIs
Output trade-off
Efficiency and Mission Drift
Exogenous Determinants of Efficiency
Implications of price and size of loans
Average efficiency is higher for MFIs that offer more expensive
loans
Easy way to cover costs
... but requires low price elasticity of borrowers
Positive effect on efficiency erased by large loan size
The poor could be served cheaply
The most efficient MFIs offer small expensive loans
... but MFIs that offer relatively small and cheap loan can still
operate above average efficiency
Jaap Bos & Matteo Millone Practice What You Preach
32. Introduction
Benchmarking
Results
Conclusions
Data
Heterogeneity of MFIs
Output trade-off
Efficiency and Mission Drift
Exogenous Determinants of Efficiency
How can efficiency be improved without changing
preferences?
Variables Effect
PAR30 · GrossLoanPortfolio -
%Women · Borrowers -***
Loans/Borrowers -***
Jaap Bos & Matteo Millone Practice What You Preach
33. Introduction
Benchmarking
Results
Conclusions
Data
Heterogeneity of MFIs
Output trade-off
Efficiency and Mission Drift
Exogenous Determinants of Efficiency
Implications of exogenous determinants of efficiency
Benefits of screening and monitoring do not outweigh the
costs in terms of efficiency
Focus on women, reduces efficiency as MFIs need to deviate
from equilibrium
... but has positive social impact
Multiple loans should be avoided
Jaap Bos & Matteo Millone Practice What You Preach
35. Introduction
Benchmarking
Results
Conclusions
Main Findings
Discussion
Main Findings
Which MFI can make the most out of its limited resources?
Mission drift decreases both breadth and depth of outreach
Serving richer borrowers does not increase efficiency
Cheap small loans are not common, but are possible (and
efficient!)
Lending to women and over lending reduce efficiency
Jaap Bos & Matteo Millone Practice What You Preach