TY  - BOOK
AU  - Crombrugghe,Alain de
AU  - de Pret,Valentine
TI  - Development of a starter loan in microfinance: operational parameters 
T2  - Working papers. Research series
U1  - 338.642 21
PY  - 2003///
CY  - Namur
PB  - The University of Namur. Faculté des Sciences Economiques, Sociales et de Gestion
KW  - MICROEMPRESAS
KW  - MICROCREDITOS
KW  - MICROFINANCIACION
N1  - Introduction -- 1. Demand for the product -- 2. Technical characteristics of the loans -- 3. Pricing of the product -- 4. Profitability: break-even and sensitivity -- Conclusion -- Annexes -- Bibliography
N2  - This paper appraises the possible pricing and cost parameter values of a starter loan, and evaluates its profitability for a microfinance institution willing to implement it in a transition economy. The conceptual design of this starter loan and its economic justification have been studied in a preceding paper. A detailed analysis of evidences a strong timing mismatch between the application of expenses and the perception of revenues on the loan portfolio. Guidance is thus offered on how to overcome potential difficulties in setting the quantitative parameters of the new product
ER  -