Research and Articles
March 2009 Article
Microfinance, Microcredit and Social Performance by Prof. David Costa
In this short paper I analyze some of the characteristic of microfinance and compare the performance of a microfinance fund, namely the Swiss based ResponsAbility Microfinance Fund managed by Credit Suisse with an investment in equity (I could have even compared the same with a more conservative bond fund to obtain similar results). I try to demonstrate that an investment in microfinance can be profitable both from a social and financial standpoint.
Feel free to download this article Microfinance, Microcredit and Social Performance (5638) and to comment on this page.
Subprime Lending: Lessons for the Microfinance Industry (pdf) Author: Microplace Discussion on what we can learn from the subprime crisis applied to the microfinance industry
Are interest rates required by Microfinance Institutions justifiable? Author:ResponsAbility Social Investing AG – This paper addresses the common criticism that microfinance is, due to the high interest charged, not effective.