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The Impact and Outreach of Microfinance Instit

utions:c
The Effect of Interest Ratesc
by c
Sebastian Schwieckerc
(sebastian.schwiecker {at} helpedia {dot} org)c
www.helpedia.orgc
Revised November 2004c
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vontentsc
vontents...........................................................................................
............. 1c
Figures .............................................................................................
............. 3c
Acronyms ........................................................................................
............. 4c
1. Introduction ................................................................................
............. 5c
2. The Development of Microfinance ...........................................
............. 7c
  


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3. The Impact of Microcredit ........................................................


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4. Microcredit Outreach ................................................................


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5. vredit Rationing.........................................................................
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. Interest Rates ..............................................................................


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7. Empirical verification ................................................................


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-. vonclusions .................................................................................
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Appendix .........................................................................................
........... 54c
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References .......................................................................................
........... 7c
Internet References ........................................................................
........... 71c
Ratings.............................................................................................
........... 7c
Other Sources .................................................................................
........... 7-c

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Figuresc
Figure 1: Expected Bank Return and the Interest Rate ...................................
........ 32c
Figure 2: The extended Model.............................................................................
........ 34c
Figure 3: Marginal Productivity
of vapital ............................................................... 3c
Figure 4: The extended Model.............................................................................
........ 39c
Figure 5: Loan Size vs.
Interest Rate.......................................................................... 4-c
Figure : Interest Rate vs.
PAR .................................................................................. 49c
Figure 7.: Interest Rate vs.
FSS................................................................................... 50c

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