Author(s):
Adrian Gonzalez

Adrian Gonzalez, Lead Researcher, Microfinance Information Exchange Research has shown that microfinance institutions (MFIs) are often more resilient to global macroeconomic events (economic recession, financial crisis, etc.) than traditional financial institutions. However, this research primarily covered the period 2000 – 2005. The first goal of the proposed paper is to measure if MFIs were less resilient during the last financial crisis and to explore reasons why. The analysis will also consider additional factors that may be associated, including rapid growth, market saturation, governance, systems and policies, etc. The expected policy implications from the proposed paper include a means of identifying potential high-risk countries due to these factors and their effects on portfolio quality of MFIs.