Board composition and outreach performance of microfinance institutions: evidence from East Africa

N. Mori, S. Golesorkhi, T. Randoy, Cornelis Hermes

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The attributes of microfinance's board members have an impact on attainment of their social objectives.

Board composition and poverty outreach of MFIs appear to be related.

The proportion of independent, international, female, and/or founding board members appears to be associated with measures of outreach performance using data on MFIs in East Africa.

Findings suggest that outreach performance is improved when MFI boards have a higher share of independent, international, and/or female members, which supports the hypothesis that board composition is important in helping MFIs to achieve their social objectives.
Original languageEnglish
Pages (from-to)99-113
Number of pages15
JournalStrategic Change
Issue number1
Publication statusPublished - Jan-2015

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