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The access of microfinance institutions to financing via the worldwide crowd

Dorfleitner, Gregor ; Oswald, Eva-Maria ; Röhe, Michaela


The rising funding demand in the microfinance industry prompts microfinance institutions (MFIs) to seek additional, emergent debt capital sources such as crowdfunding. As the crowd-based approach has experienced widespread growth, we study the characteristics of MFIs having and using access to refinancing microloans via crowdfunding based on a panel data set obtained from the peer-to-peer ...


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