1. Departamento de Contabilidad y Finanzas, Universidad de Zaragoza, Gran Vía 2, 50005 Zaragoza, Spain;2. Kent Business School, University of Kent, UK
Abstract:
Microfinance Institutions (MFIs) are special financial institutions. They have both a social nature and a for-profit nature. Their performance has been traditionally measured by means of financial ratios. The paper goes beyond simple financial ratios using a data envelopment analysis (DEA) approach to measure the efficiency of MFIs.