Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/323991 
Year of Publication: 
2013
Citation: 
[Journal:] World Development [ISSN:] 1873-5991 [Volume:] 41 [Publisher:] Elsevier [Place:] Amsterdam [Year:] 2013 [Pages:] 145-156
Publisher: 
Elsevier, Amsterdam
Abstract: 
This study responds to the need for more empirical knowledge pertaining to the effect of religion on development efforts. We use data from the microfinance industry to study performance differences between Christian and secular Microfinance Institutions (MFIs). We find that Christian MFIs have significantly lower funding costs and consistently underperform in terms of financial profit indicators. Contrary to our hypotheses Christian MFIs are as efficient in assuring loan repayment and their average loan sizes are on par with those of their secular peers.
Published Version’s DOI: 
Document Type: 
Article
Document Version: 
Accepted Manuscript (Postprint)
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