Mainstreaming Microfinance: Social Performance Management or Mission Drift?

What scope is there for the pursuit of explicit development goals in the context of increasing integration of specialized microfinance and commercial banking sectors? This question and the idea of mission drift is first analyzed using a model that distinguishes between institutions’ financial and so...

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Bibliographic Details
Published in:World development 2007-10, Vol.35 (10), p.1721-1738
Main Author: Copestake, James
Format: Article
Language:English
Subjects:
Antipoverty Programs
Banking
Commercial banks
Development Strategies
Economic models
Finance
Financial performance
Management
Microfinance
Performance management
Policy Analysis
Poverty
Social responsibility
Socioeconomic development
Studies
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Summary:What scope is there for the pursuit of explicit development goals in the context of increasing integration of specialized microfinance and commercial banking sectors? This question and the idea of mission drift is first analyzed using a model that distinguishes between institutions’ financial and social performance possibilities, preferences, and assessment systems. The model is used to review findings from action research with an international sample of poverty oriented microfinance institutions that suggest some simple steps for improved social performance management. It is then used to illustrate the relationship between social and financial performance more widely across the retail financial services sector, and to offer pointers for more policy analysis at this level.
ISSN:0305-750X
1873-5991
DOI:10.1016/j.worlddev.2007.06.004