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Indian NBFC MFIs Vs. Bangladeshi NGO MFIs


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1 SCMS School of Technology and Management, SCMS Campus, Prathap Nagar, Muttom, Aluva, Cochin – 683 106, India
     

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MFIs are the pivotal organizations in each country that make individual microcredit loans directly to villagers, micro entrepreneurs, impoverished women and poor families. NBFC MFIs have been playing a significant role in taking forward the financial inclusion agenda of the Government of India. Bangladesh which is the birth place of microfinance and also pioneer in the world for applying microfinance has NGO form of MFIs. This paper aims to compare the financial performance of NBFC MFIs in India and NGO MFIs in Bangladesh. The study is primarily based on secondary data. The variables, such as institutional characteristics, financing structure, outreach indicators, overall financial performance indicators, revenue and expenses, efficiency and risk and liquidity have been considered to analyse the financial performance of 27 Indian NBFC MFIs and 23 Bangladeshi NGO MFIs. The Mann-Whitney U test has been used for analyzing the data. It is found that the Indian NBFC MFIs stand better than the NGO MFIs of Bangladesh in many aspects, though Bangladesh is the place of origin for the concept of microfinance and Microfinance Institutions.

Keywords

Microfinance, Microfinance Institutions, MFIs, Financial Performance, India, Bangladesh.
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  • Indian NBFC MFIs Vs. Bangladeshi NGO MFIs

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Authors

R. Rupa
SCMS School of Technology and Management, SCMS Campus, Prathap Nagar, Muttom, Aluva, Cochin – 683 106, India

Abstract


MFIs are the pivotal organizations in each country that make individual microcredit loans directly to villagers, micro entrepreneurs, impoverished women and poor families. NBFC MFIs have been playing a significant role in taking forward the financial inclusion agenda of the Government of India. Bangladesh which is the birth place of microfinance and also pioneer in the world for applying microfinance has NGO form of MFIs. This paper aims to compare the financial performance of NBFC MFIs in India and NGO MFIs in Bangladesh. The study is primarily based on secondary data. The variables, such as institutional characteristics, financing structure, outreach indicators, overall financial performance indicators, revenue and expenses, efficiency and risk and liquidity have been considered to analyse the financial performance of 27 Indian NBFC MFIs and 23 Bangladeshi NGO MFIs. The Mann-Whitney U test has been used for analyzing the data. It is found that the Indian NBFC MFIs stand better than the NGO MFIs of Bangladesh in many aspects, though Bangladesh is the place of origin for the concept of microfinance and Microfinance Institutions.

Keywords


Microfinance, Microfinance Institutions, MFIs, Financial Performance, India, Bangladesh.