Institutional Authority or Powers of Human Proximity? Impact of Chosen Macroeconomic Indicators on Quality of Microfinance Portfolios

Dipl.-Kf. Tomas Hes; Ing. Miroslava Ziakova

Institutional Authority or Powers of Human Proximity? Impact of Chosen Macroeconomic Indicators on Quality of Microfinance Portfolios

Dipl.-Kf. Tomas Hes * §

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Ing. Miroslava Ziakova

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Czech University of Life Sciences Prague

Institutional Authority or Powers of Human Proximity? Impact of Chosen Macroeconomic Indicators on Quality of Microfinance Portfolios

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Abstract

Portfolio quality is the lighthouse indicator of the finance-macro economy nexus, even more important in unstructured immature environments of development finance sector such as microfinance. Growing over indebtedness indicated by deteriorating portfolio quality seems to signalup coming stress in m ost m icrofinance m arkets, b ecoming a ricocheting specter of a global repayment crisis lurking in the shades of the past repayment crisis. The question what factors are important for the portfolio quality thus acquires new significance as resources demarginalizing microfinance including regulatory attention are to be directed to most efficient directions. Is it rather the microeconomic forces at arm’s l ength w ithin v illage b anks s uch a s t he m usketeer principle or rather macroeconomic powers that can be traced to impact of the aggregate portfolio quality?

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

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No ethics committee approval was required for this article type.

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How to Cite This Article

Dipl.-Kf. Hes, Ing. Ziakova. 2020. "Institutional Authority or Powers of Human Proximity? Impact of Chosen Macroeconomic Indicators on Quality of Microfinance Portfolios". Global Journal of Management and Business Research, Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 20 (GJMBR Volume 20 Issue B8).

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GJMBR Volume 20 Issue B8

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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GJMBR-B Classification JEL Code: B22

Submission ReceivedNovember 13, 2020
Peer Review Double Blind
Handling Editor
Accepted December 3, 2020
Published December 15, 2020

Version of record

v1.2

Issue date

July 24, 2020

Language

English

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