The Role and Performance of Sustainable Microfinance Institutions (MFIs)

DOI

10.2991/icame-18.2019.51How to use a DOI?

Keywords

Microfinance (micro finance), financial microfinance institutions, microfinance management models, poverty alleviation

Abstract

Microfinance is a new financial instrument tool in the development of poverty alleviation and equity and or income generation of low-income people. Microfinance is function as a macro financial development stimulus that will ultimately affect national economic growth. The purpose of this research is to identify and map the problems of microfinance in microfinance institutions (MFIs) and the achievement of their performance so that they can be a stimulus for the development of microfinance businesses. The results of the identification and mapping of microfinance problems in these MFIs will result in a "new model of sustainable microfinance institutions". The sustainable microfinance model will have an impact on poverty alleviation solutions and income distribution. Sharia-based microfinance institutions (Bank Waqaf) show a better success rate of funding turnover than conventional microfinance institutions. Sharia-based microfinance institutions have superior SOPs and governance by instilling religious values and more rigorous and effective management performance.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Gagaring Pagalung
AU  - Kartini
AU  - Jusni
AU  - Afdal
PY  - 2019/08
DA  - 2019/08
TI  - The Role and Performance of Sustainable Microfinance Institutions (MFIs)
BT  - Proceedings of the 3rd International Conference on Accounting, Management and Economics 2018 (ICAME 2018)
PB  - Atlantis Press
SP  - 471
EP  - 476
SN  - 2352-5428
UR  - https://doi.org/10.2991/icame-18.2019.51
DO  - 10.2991/icame-18.2019.51
ID  - Pagalung2019/08
ER  -