Finance and Financial Management Commons^™

Sustainability Of Mfis Through Governance Mechanisms: A Cross-Country Analysis Of Regulation On Outreach And Operational Self Sufficiency, Daniel Muwamba

Honors Thesis Program in the College of Management

Poverty is an age long problem that has been part of mankind ever since civilization and the fight against poverty is as old. There are many efforts to fight poverty of which microfinance is one. One theory to explain prevalence of poverty especially in the age of capitalism is that poor enterprising people cannot lift themselves out of poverty because they lack capital to develop their enterprises. Start up businesses and enterprises commonly start operations with credit support from financial institutions but there are prerequisites to attaining this credit and numerous poor individuals do not possess these prerequisites. Such individuals …