Performance Evaluation Frameworks in the Context of Indian Microfinance Institutions

• Autorzy: Aruna Balammal , R. Madhumathi , Lakshmanan Ganesh
• Języki publikacji: EN

Abstrakty

EN

The paper conducts a detailed examination of the existing evaluative frameworks for micro-finance institutions to gauge the differences and similarities. Efficiency evaluates how MFIs are meet-ing the performance standards considering time and budget constraints. Outreach evaluates the effectiveness of MFIs in reaching the beneficiaries. Relative efficiency scores were calculated using data envelopment analysis and outreach was measured in five different dimensions (pentagon model). Further, cluster analysis assisted in categorizing the MFIs into five value clusters. The study compares both outreach performance and relative efficiency scores employing ANOVA and correlation analysis. The study was conducted among the Indian context when the sector was hit by crisis during 2010. Pa-per brought out important insights about the sample. Indian MFIs were found to be more socially effi-cient, since the social dimension taken into consideration was number of female clients and majority of Indian MFIs has exclusive female focus. The correlation tests found that relative efficiency scores are positively related to depth (poor focus) and length (sustainability) outreach. The results showed that cluster analysis model basing outreach scores was more comprehensive and captured more information compared to the data envelopment model relative efficiency scores. The study is original in its ap-proach in using cluster analysis for outreach performance and in the objective of comparing the two different models. (original abstract)

Słowa kluczowe

EN

Microfinance; Cluster analysis; Data Envelopment Analysis (DEA); Efficiency; Effectiveness evaluation

PL

Mikrofinanse; Analiza skupień; Metoda DEA (analiza obwiedni danych); Sprawność; Ocena efektywności

• Czasopismo: Foundations of Management
• Rocznik: 2019
• Tom: 11
• Numer: nr 1
• Strony: 209--228

Twórcy

autor

Aruna Balammal

• Christ University, India

autor

R. Madhumathi

autor

Lakshmanan Ganesh

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Identyfikatory

DOI

10.2478/fman-2019-0018