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The Road to Financial Sustainability. Comparative Analysis of Russia and the Caucasus Region

Author

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  • Sheremenko, Ganna
  • Escalante, Cesar L.
  • Florkowski, Wojciech J.
Abstract
This paper examines delinquency, profitability, and outreach determinants of microfinance institutions’ (MFIs) performance in Russia and the Caucasus. The estimation is done using the Seemingly Unrelated Regression (SUR) technique. The estimation results suggest that Russian and Caucasian MFIs are profit-driven but are expected to improve outreach in the long-run.

Suggested Citation

  • Sheremenko, Ganna & Escalante, Cesar L. & Florkowski, Wojciech J., 2012. "The Road to Financial Sustainability. Comparative Analysis of Russia and the Caucasus Region," 2012 Annual Meeting, February 4-7, 2012, Birmingham, Alabama 119525, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saea12:119525
    DOI: 10.22004/ag.econ.119525
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    References listed on IDEAS

    as
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    Agricultural Finance; Financial Economics;

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