Popis: |
The objective of this chapter is to analyse the financial sustainability versus the social impact of microfinance institutions. To carry out the study, several social and financial benchmarks for entities specialized in evaluating the performance of microfinance institutions (such as MIX and Planet Rating), and which are normally used in similar research projects, were used. Thus, it is intended to study the profile of microfinance institutions that have a greater social impact, through financial operations with clients with less income, like women, contributing to a higher level of income in target audiences, usually outside of the formal financial system. The definition of such a profile of institutions will make it possible to study whether these entities are able to guarantee the financial sustainability of their activity and, at the same time, focus on social impact through the provision of financial services to the poorest. |