{"id":"https://openalex.org/W2624711772","doi":null,"title":"Financing structure and financial sustainability: evidence from selected Southern Africa development community microfinance institutions","display_name":"Financing structure and financial sustainability: evidence from selected Southern Africa development community microfinance institutions","publication_year":2017,"publication_date":"2017-03-01","ids":{"openalex":"https://openalex.org/W2624711772","mag":"2624711772"},"language":"en","primary_location":{"id":"pmh:oai:scholar.sun.ac.za:10019.1/101137","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10019.1/101137","pdf_url":null,"source":{"id":"https://openalex.org/S4306400300","display_name":"SUNScholar (Stellenbosch University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I26092322","host_organization_name":"Stellenbosch University","host_organization_lineage":["https://openalex.org/I26092322"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Thesis"},"volume":null,"type":"dissertation","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5039525160","display_name":"Innocent Bayai","orcid":"https://orcid.org/0000-0003-4304-1809","observed_orcids":["https://orcid.org/0000-0003-4304-1809"]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"Innocent Bayai","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0003-4304-1809","affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":["https://openalex.org/A5039525160"],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":8,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10987","display_name":"Microfinance and Financial Inclusion","score":0.9980000257492065,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10987","display_name":"Microfinance and Financial Inclusion","score":0.9980000257492065,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.000699999975040555,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11995","display_name":"FinTech, Crowdfunding, Digital Finance","score":0.0003000000142492354,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/sustainability","display_name":"sustainability","score":0.9580000042915344},{"id":"https://openalex.org/keywords/microfinance-institutions","display_name":"microfinance institutions","score":0.9929999709129333},{"id":"https://openalex.org/keywords/capital-structure","display_name":"capital structure","score":0.9789999723434448},{"id":"https://openalex.org/keywords/life-cycle-theory","display_name":"life cycle theory","score":0.8119999766349792},{"id":"https://openalex.org/keywords/default-risk","display_name":"default risk","score":0.6000000238418579},{"id":"https://openalex.org/keywords/cost-efficiency","display_name":"cost efficiency","score":0.722000002861023},{"id":"https://openalex.org/keywords/debt-financing","display_name":"debt financing","score":0.8479999899864197},{"id":"https://openalex.org/keywords/equity-financing","display_name":"equity financing","score":0.9409999847412109},{"id":"https://openalex.org/keywords/deposits","display_name":"deposits","score":0.6100000143051147},{"id":"https://openalex.org/keywords/regulatory-costs","display_name":"regulatory costs","score":0.7480000257492065},{"id":"https://openalex.org/keywords/credit-risk","display_name":"credit risk","score":0.6380000114440918},{"id":"https://openalex.org/keywords/adverse-selection","display_name":"adverse selection","score":0.7319999933242798},{"id":"https://openalex.org/keywords/moral-hazard","display_name":"moral hazard","score":0.9789999723434448},{"id":"https://openalex.org/keywords/loan-recovery","display_name":"loan recovery","score":0.8790000081062317},{"id":"https://openalex.org/keywords/mobile-banking","display_name":"mobile banking","score":0.8569999933242798},{"id":"https://openalex.org/keywords/loan-interest-rates","display_name":"loan interest rates","score":0.7360000014305115},{"id":"https://openalex.org/keywords/southern-african-development-community","display_name":"Southern African Development Community","score":0.7730000019073486},{"id":"https://openalex.org/keywords/poverty-reduction","display_name":"poverty reduction","score":0.7210000157356262}],"concepts":[{"id":"https://openalex.org/C28129649","wikidata":"https://www.wikidata.org/wiki/Q926217","display_name":"Microfinance","level":2,"score":0.9779496192932129},{"id":"https://openalex.org/C66204764","wikidata":"https://www.wikidata.org/wiki/Q219416","display_name":"Sustainability","level":2,"score":0.6672408580780029},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5714529752731323},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.553797721862793},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.46567484736442566},{"id":"https://openalex.org/C50522688","wikidata":"https://www.wikidata.org/wiki/Q189833","display_name":"Economic growth","level":1,"score":0.3321695029735565},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.2720462679862976},{"id":"https://openalex.org/C18903297","wikidata":"https://www.wikidata.org/wiki/Q7150","display_name":"Ecology","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"pmh:oai:scholar.sun.ac.za:10019.1/101137","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10019.1/101137","pdf_url":null,"source":{"id":"https://openalex.org/S4306400300","display_name":"SUNScholar (Stellenbosch University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I26092322","host_organization_name":"Stellenbosch University","host_organization_lineage":["https://openalex.org/I26092322"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Thesis"},{"id":"mag:2624711772","doi":null,"is_oa":false,"landing_page_url":"http://scholar.sun.ac.za/handle/10019.1/101137","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[{"score":0.7257999777793884,"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":55,"referenced_works":["https://openalex.org/W80750920","https://openalex.org/W195230946","https://openalex.org/W324878807","https://openalex.org/W652845292","https://openalex.org/W1118647034","https://openalex.org/W1489662130","https://openalex.org/W1510201862","https://openalex.org/W1524702397","https://openalex.org/W1529208648","https://openalex.org/W1543330150","https://openalex.org/W1543685054","https://openalex.org/W1544882719","https://openalex.org/W1584592872","https://openalex.org/W1588767956","https://openalex.org/W1840218356","https://openalex.org/W1891625382","https://openalex.org/W1915879061","https://openalex.org/W1962050208","https://openalex.org/W1966665426","https://openalex.org/W1974989013","https://openalex.org/W1978175480","https://openalex.org/W2002257260","https://openalex.org/W2009294963","https://openalex.org/W2022526889","https://openalex.org/W2024805208","https://openalex.org/W2030663533","https://openalex.org/W2036380470","https://openalex.org/W2039540858","https://openalex.org/W2069786615","https://openalex.org/W2071467121","https://openalex.org/W2078993558","https://openalex.org/W2093357658","https://openalex.org/W2096221080","https://openalex.org/W2097978133","https://openalex.org/W2106383329","https://openalex.org/W2115077681","https://openalex.org/W2115846503","https://openalex.org/W2126107841","https://openalex.org/W2135792019","https://openalex.org/W2143291331","https://openalex.org/W2147750463","https://openalex.org/W2170433190","https://openalex.org/W2170790204","https://openalex.org/W2171921527","https://openalex.org/W2183350871","https://openalex.org/W2189343759","https://openalex.org/W2196889374","https://openalex.org/W2247436392","https://openalex.org/W2394776742","https://openalex.org/W2735359038","https://openalex.org/W2953899293","https://openalex.org/W3019670356","https://openalex.org/W3123240325","https://openalex.org/W3124335909","https://openalex.org/W3124814061"],"related_works":["https://openalex.org/W3110649091","https://openalex.org/W6893555961","https://openalex.org/W3167210646","https://openalex.org/W2582465526","https://openalex.org/W4294955528","https://openalex.org/W2913623521","https://openalex.org/W2236590073","https://openalex.org/W7011515309","https://openalex.org/W7161606158","https://openalex.org/W2593940238"],"abstract_inverted_index":{"ENGLISH":[0],"SUMMARY":[1],":":[2],"Despite":[3],"the":[4,15,21,31,36,46,49,68,82,89,115,118,137,140,157,165,194,200,208,253,256,267,276,285,337,374,388,398,424,440,446,467,480],"burgeoning":[5],"interest":[6],"in":[7,88,112,123,289,384,438,476,479],"microfinance,":[8,113],"research":[9,99],"has":[10],"shied":[11],"away":[12],"from":[13,156,238,252],"addressing":[14],"relationship":[16,47,138],"between":[17,48,139],"financing":[18,50,128,141,222,268,394],"structure":[19,51,129,142],"and":[20,52,84,130,143,146,172,182,221,308,329,348,356,381,423,464],"financial":[22,53,79,125,131,197,227,262,291,414,428,455,471],"sustainability":[23,54,263],"of":[24,97,107,117,162,196,226,255,278,287,339,400,412,418,426,442,448,469],"microfinance":[25,481],"institutions":[26],"(MFIs)":[27],"as":[28,110,133,135,176,178,212,214,273,275,378,451,453],"evidence":[29,237,259],"on":[30,151,316,420],"same":[32],"remains":[33],"sparse.":[34],"Considering":[35],"commercialisation":[37],"trend,":[38],"this":[39,42],"thesis":[40,93],"closes":[41],"gap":[43],"by":[44,67,206,217,271,302,323,406],"examining":[45],"for":[55,391,445,466],"selected":[56,153],"Southern":[57],"Africa":[58],"Development":[59],"Community":[60],"(SADC)":[61],"MFIs.":[62,392],"The":[63,92,185,334,416],"effort":[64],"was":[65],"informed":[66],"need":[69],"to":[70,81,202,266,352],"have":[71,311],"financially":[72,233,245],"sustainable":[73,234,246],"MFIs":[74,154,230,242,272,310,331],"that":[75,101,188,261,296,458],"can":[76,366,403],"consistently":[77],"provide":[78],"services":[80],"marginalised,":[83],"hence":[85],"advance":[86],"outreach":[87,144,297],"poverty\u2013stricken":[90],"region.":[91],"comprises":[94],"a":[95,104,160,248,312,361,435],"blend":[96],"four":[98],"papers":[100],"address:":[102],"(1)":[103],"conceptual":[105],"review":[106],"\u2018financial":[108],"sustainability\u2019":[109],"applied":[111],"(2)":[114],"essence":[116],"life":[119],"cycle":[120],"theory":[121],"(LCT)":[122],"explaining":[124],"sustainability,":[126,132],"(3)":[127],"well":[134,177,213,274,452],"(4)":[136],"(depth":[145],"breadth).":[147],"Assuming":[148],"panel":[149,169],"data":[150],"60":[152],"drawn":[155],"MIX":[158],"over":[159],"period":[161],"six":[163],"years,":[164],"study":[166,335],"applies":[167],"robust":[168],"framework":[170,433],"(fixed":[171],"random":[173],"effects":[174],"models)":[175],"binary\u2013outcome":[179],"models":[180],"(probit":[181],"logit":[183],"models).":[184],"results":[186,294],"show":[187],"MFI":[189],"age":[190],"alone":[191],"cannot":[192],"explain":[193],"level":[195],"sustainability.":[198,228,292,415,456],"Rather,":[199],"ability":[201],"manage":[203],"default":[204],"risk":[205,211,342],"reducing":[207,407,439],"portfolio":[209],"at":[210],"embracing":[215],"cost\u2013efficiency":[216,372],"minimising":[218],"both":[219],"operational":[220],"costs":[223,282,390,395,463],"improves":[224],"chances":[225,411],"Generally,":[229],"are":[231],"not":[232],"\u2014":[235],"supporting":[236],"earlier":[239],"studies.":[240],"\u2018Young\u2019":[241],"emerge":[243],"more":[244],"signifying":[247],"new":[249],"trend":[250],"variant":[251],"propositions":[254],"LCT.":[257],"Further":[258],"reveals":[260],"is":[264,299,321],"sensitive":[265],"sources":[269],"employed":[270],"number":[277],"active":[279],"borrowers.":[280],"Regulatory":[281],"also":[283,367],"limit":[284,332,368],"role":[286],"deposits":[288,307,324],"spurring":[290],"Moreover,":[293],"demonstrate":[295],"depth":[298],"significantly":[300],"constrained":[301],"debt":[303,328],"financing;":[304],"whilst":[305,326],"equity,":[306,327],"\u2018new\u2019":[309,330],"significant":[313],"positive":[314],"effect":[315],"outeach":[317],"depth.":[318],"Outreach":[319],"breadth":[320],"promoted":[322],"only;":[325],"it.":[333],"suggests":[336],"adoption":[338],"proper":[340],"credit":[341,346],"analysis":[343],"done":[344],"through":[345,373,397,430],"bureaus":[347],"client":[349],"screening":[350],"technology":[351,376],"reduce":[353,387,461],"adverse":[354],"selection":[355],"moral":[357],"hazard.":[358],"In":[359],"addition,":[360],"strong":[362],"loan":[363],"recovery":[364],"strategy":[365],"outstanding":[369],"loans.":[370],"Embracing":[371],"use":[375,399],"such":[377],"mobile":[379],"banking":[380],"cost\u2013cutting":[382],"innovation":[383],"lending":[385,421],"may":[386],"operating":[389],"Also,":[393],"incurred":[396],"costly":[401],"borrowings":[402],"be":[404],"controlled":[405],"borrowings,":[408],"thereby":[409],"improve":[410],"attaining":[413],"removal":[417],"controls":[419],"rates":[422],"promotion":[425],"efficient":[427],"markets":[429],"appropriate":[431],"regulatory":[432,462],"go":[434],"long":[436],"way":[437],"cost":[441],"borrowing,":[443],"allow":[444,465],"raising":[447],"equity":[449],"capital":[450],"stimulating":[454],"Regulation":[457],"promotes":[459],"competition;":[460],"establishment":[468],"ancillary":[470],"infrastructure":[472],"(credit":[473],"bureaus)":[474],"helps":[475],"improving":[477],"transparency":[478],"sector.":[482]},"counts_by_year":[{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":1},{"year":2020,"cited_by_count":3},{"year":2018,"cited_by_count":2}],"updated_date":"2026-11-11T12:16:26.678958","created_date":"2017-06-23T00:00:00"}