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ID:9843537
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页数:16页
时间:2018-05-12
《financial management for microfinance program implementation》由会员上传分享,免费在线阅读,更多相关内容在行业资料-天天文库。
1、TheRussiaMicrofinanceProjectDocumentNo.51AU.S.DepartmentofState/NISCUPFundedPartnershipamongtheUniversityofWashington-EvansSchoolofPublicAffairs,TheSiberianAcademyofPublicAdministration,andtheIrkutskStateUniversityFinancialManagementforMicrofinanceOrganizationsLauraBrandt,Nat
2、aliaEpifanova,andSergeyKamornikov1.WhatThisModuleCoversThismodulewilldiscusstheprimarydeterminantsofincomeandexpensesforanMFO.Inaddition,thismoduleprovidesanoverviewofmeasuresofefficiency,productivityandprofitabilitycommonlyusedbyMicrofinanceOrganizations(MFOs).Techniquesform
3、easuringandmonitoringdelinquencyarediscussed,aswellasbenchmarklevelsofself-sufficiency.FinancialmanagementtheoryforMicrofinanceOrganizations(MFOs)appliesfinancialconceptsdevelopedfortraditionalbusinessestoMicrofinanceOrganizations.Manyconceptspertainingtosmallbusinessfinancia
4、lmanagementtheoryareapplicabletoMFOs.However,thoughtherearecertainlysignificantsimilaritiesbetweenfinancialmanagementofMFOsandtraditionalbusinesses,therearealsosomesignificantdifferencesfromafinancialperspective.Themodulewilldiscusssomeofthesedifferences.2.MFOsandOrganization
5、alEfficiencyWhenwethinkoffinanciallyviableinstitutions,wegenerallythinkofinstitutionswithhighlyefficientoperations.Thefollowingaresomekeyfactorsthataffecttheefficiencyofalendinginstitution:oThesizeoftheinstitution:Largerinstitutionsmayhaveeconomiesofscalethatreducetheircostpe
6、rloan.oTherotationoftheloanportfolio:Higheradministrationcostsassociatedwithshort-termloansmakethemmoreexpensivethanlong-termloansingeneral.16oThesizeoftheaverageloan:Makingmanysmallloansisgenerallymorecostlythanmakingafewlargeloans.oThematurityoftheinstitution:Awell-establis
7、hedbranchshouldperformmoreefficientlythananewone.oThegrowthrateoftheinstitution:Organizationsthataregrowingrapidlytendtobelessefficientastheyabsorbthegrowth.InterpretingFinancialRatios,6Bydefinition,MicrofinanceOrganizationsprovidesmallloansandotherfinancialservicestolow-inco
8、me,poor,andverypoorself-employedpeople.Giventheefficiencycharacteris
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