Journal of International Business and Economy

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Cross-Border Funding and Microfinance Mission Drift: Evidence from Sub-Saharan Africa
Akem Noela Forkusam
Volume 17, Number 2, Fall 2016, pp. 20 ~ 40

Sub-Saharan Africa (SSA) has become the top priority for international funders and they are now increasing their cross-border funding to microfinance institutions (MFIs) in the region. This foreign funding is considered an additional source of capital for MFIs in the region who are facing difficulties in meeting the demand of the poor. However, these funds are provided by public and private funders who each have different motives. The paper examines the impact of these different sources of funding on microfinance performance and mission drift in SSA, which is the world’s poorest region. The study utilizes data from 212 MFIs in 30 SSA countries accessed over a three-year period (i.e. 2007, 2009, and 2011). The findings show that cross-border funding does not affect either the social or financial performance of MFIs when time and country effects are accounted for.

Key Words: microfinance, cross-border funding, mission drift, Sub-Saharan Africa

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The Antecedents and Consequences of Customer Engagement: An Exploratory Study on the Mobile Business in Thailand
Theingi, Suchira Phoorithewet, Yunmei Wang, and Sikankaew Panthongprasert
Volume 17, Number 2, Fall 2016, pp. 41 ~ 58
Wine Tourism: Involvement and Intention of Potential Tourists to Visit California Wineries: East vs. West
Mahmood Hussain, Roblyn Simeon, and Lutfus Sayeed
Volume 17, Number 2, Fall 2016, pp. 6 ~ 19