A short version of the conference program is available for download here.



Monday, 1 June 2015

8h       Registration UNIMAIL (coffee and croissants)

9h       Opening ceremony MR 380

Maria-Pia Victoria-Feser (Dean Geneva School of Economics and Management, U Geneva)

            Christoph Pausch (Executive Secretary, eMFP)

            Bernd Balkenhol (Center for Microfinance and Financial Inclusion, U Geneva)


9h30              Keynote Vijay Mahajan (Founder and CEO BASIX):

"Research on Microfinance - a practitioner’s perspective" (MR 380)

Panel: James Copestake (U Bath, moderator), Craig Churchill (ILO), Henry Gonzalez (responsAbility)


11h00 Break-out sessions 

Institutional issues (Basement MS 030)

Moderation: M.  Labie (U Mons and CERMi)

  • Dorfleitner, G. and Oswald, E. (Regensburg U), Repayment behavior in peer-to-peer microlending: empirical evidence from Kiva
  • Woldetsadik, A. (Oslo U): Post-conflict factors and repayment rate of MFIs in a post-conflict economy: the case of Burundi
  • Klein, T. (Cambridge U), Stable matching in microcredit: implications for market design and econometric analysis
  • Asemota (Ambrose Alli U), MFIs and information sharing: how realistic? (A case of selected microfinance banks in Edo State Nigeria)


Client issues (Basement MS 040)

Moderation: J.  Copestake (U Bath)

  • Vandewalle (Graduate Institute) et al, Socially disadvantaged groups and microfinance in India
  • Postelnicu (ULB and CERMi), Hermes (U Groningen) and Juarez (Cordoba), Social Capital and the Repayment Performance of Microfinance Group Lending. A Case Study of Pro Mujer Mexico
  • Kramer (VU Amsterdam), Seasonalities in Liquidity, Illnesses and Health Insurance Uptake - Evidence from Financial and Health Diaries in Nigeria
  • Koloma (ISTOM) and Alia Hayyan (ESC Dijon), Youth and financial inclusion: lessons learnt from Mali


Products and services (Basement MS 050)

Moderation: M. Olarreaga (U Geneva)

  • Gürgöz, Y. (Frankfurt School), Islamic Apex Institution for Microfinance and Sustainability
  • Mahreen, M. (University of Kent), Analysis of small voluntary contributions – exploring a unique microcredit model
  • Ashta (ESC Dijon Bourgogne), Jayshankar and Rasmussen, Slow Money in an age of fiduciary capitalism
  • Vigano and Castellani (U Bergamo), The optimal product design of financial products through a household’s balance sheet and income statement perspective


Impact and social performance (Ground floor MR 150)

Moderation: M.  Lacalle-Calderon (UA Madrid)

  • Nawaz and Iqbal, S. (Institute of Information Technology, Lahore), Does Social Performance Drive Corporate Governance Mechanism in MFIs? An Issue of Endogeneity
  • Nazarova, A. (Westminster University, Tashkent): Improving household nutritional status through access to finance: evidence from microfinance in Indonesia
  • Dalla Pellegrina, L. (Bocconi University), Money Management and entrepreneurial training in microfinance: impact on beneficiaries and institutions (
  • Estapé-Dubreuil and Consol Torreguitart-Mirada (UA Barcelona), Social reporting and the analysis of mission drift in Microfinance


Market, policies, regulation (First floor 1140)

Moderation: R. Gibson-Brandon (U Geneva)

  • Darko, F. (University of Kent): The lending interest rates in microfinance: do total productivity growth and competition matter?
  • Brown, R. (Wake Forest University): Basel III and Financial Inclusion: Unintended consequences of risk-based capital requirements on financial access and inclusion in emerging markets and developing economies)
  • Mader (Basel U), Microfinance and the Financialisation of Poverty: the Extractive Success of Financial Systems


Green microfinance (Second floor M 2140)

Moderation: S. di Falco (U Genève)

  • Thanawit (Thaksin U, Songkhla), Can microfinance and community-based ecotourism enhance sustainable development? Evidence from rural Thailand
  • Lucheschi and Forcella (ULB), Microfinance and ecosystems conservation: limitations and potentialities
  • Moser (UNDP Brazil), Forcella (ULB), Gonzalez-Farias (FGV Sao Paulo), Rural microfinance and climate change: vulnerability and opportunities. A cased study of Brazilian rural microfinance
  • Huybrechs (Antwerpen U), The political ecology of microfinance for ecosystems services

13h    Lunch (UNIMAIL)

14h    Break-out sessions continued


Institutional issues (Basement MS 030)

Moderation:  G. Dorfleitner (U Regensburg)

  • Priberny, C. (U Regensburg), Why do MFIs use foreign currency debt?
  • Nawaz, A. and Iqbal (Institute of Information Technology, Lahore), Financial performance and corporate governance in microfinance: Who drives who? Evidence from Asia
  • Gonzalez and Morvant (U Geneva), Repayment performance of microfinance institutions: a quantitative analysis from the branch level in the Dominican Republic


Client issues (Basement MS 040)

Moderation: S. Johnson (U Bath)

  • McHugh, Donaldson and Baker (Glasgow Caledonian University), Microcredit for enterprise in a welfare state: theoretical and policy considerations
  • Laureti (UC Berkeley and CERMi, The Debt Puzzle in Dhaka’s Slums: Do Poor People Co-hold for Liquidity Needs?
  • Storchi and Johnson (U Bath), Financial Capability for whom? An alternative perspective from the Capability Approach
  • Godfroid (U Mons and CERMi), Microfinance Loan Officers’ Motivations


Products and services (Basement MS 050)

Moderation: D. Rozas (eMFP)

  • Guérin, Goedecke, d’Espallier and Venkatasubramanian, Does microfinance fail in mobilizing savings from the poor? The social and cultural regulation of savings
  • Pinos (U Bordeaux), La micro-épargne dans les pays du Nord : une étude d’opportunité sur le marché français
  • Le Poulain and Sterck, The savings group revolution? Evidence from South Kivu, Congo
  • Ky et al (U Limoges), Does the adoption of mobile money affect savings?


Market, policies and regulation (Ground floor MR 150)

Moderation: S.  Wiesner (ADA)

  • Ratismalahelo, M. (U Franche Comté), Incentives, supervision and regulation of MFIs in developing countries
  • Attuel-Mendès and Collin (ESC Dijon), The different ways of collaboration between a retail bank and crowdfunding platforms
  • Labie (UMONS and CERMi) and Wele (U Abomey), The efficiency of public programs in microfinance and financial inclusion: the case of Benin
  • Lacalle-Calderon, Microfinance and poverty: A new look at the macro-level evidence.


Impact and social performance (First floor M 1140)

Moderation: B. Gutierrez Nieto (U Zaragoza)

  • Kumar, S. and Pradhan, H.K. (Xavier School of Management, Jamshedpur), Microfinance Models of Access to Finance: A Comparative Analysis of the Impact of SBLP and MBLP
  • Ghosh and Guha, (West Bengal State University), Efficiency and mission drift: the debate revisited
  • D’Aquino-Filocre (Development Bank of Minas Gerais), Public and Private Investment in Microfinance Involving Private Banks
  • Muslimova (Westminster U Taschkent), Microfinance and social capital in vulnerable communities in Indonesia


Gender (Second floor M 2130)

Moderation: S. Morvant-Roux (U Geneva)

  • Vu (Cantho U), Bulte, Lensink et al, (Wageningen and Groningen U), Do Gender and Business Trainings Affect Business Outcomes? Experimental Evidence from Vietnam (Skype)
  • Corsi, De Angelis and Montalbano (U Sapienza Rome), The Gender Impact of Microfinance: The Case of Wekembe in Uganda
  • Okech (Leeds U),  Microfinance, financial literacy and social reproduction of women at the Bottom of the Pyramid
  • Cozarenco and Szafarz (ULB and CERMi), Gender Biases in Bank Lending: Lessons from Microcredit in France (


History of microfinance (Second floor M 2140)

Moderation: A.Krauss (U Zürich)

  • Guha and Ghosh (School of Management and Labour Studies, Tata Institute of Social Sciences), Economic transition and outreach in the microfinance sector
  • Copestake (U Bath) et al,  Towards a history of microfinance (1980 to 2010)
  • Escalante, Wu and Li (U Georgia), Business maturity and the goal of balancing financial sustainability and social outreach: China and India


16h    Coffee break


16h15           Panel: Innovations and impact (Ground floor MR 380)

                        Moderation: A.Ashta (ESC Dijon)

                        Panelists: J.Bauchet (Purdue U), P. Richter (ILO)

17h30           Closure of first day


Tuesday, 2 June 2015

9h                   Panel: "Private public partnerships – new perspectives?" (MR 380)

Moderator: Daniel Rozas (eMFP)

Panelists: Ariane Szafarz (ULB), Maria-Teresa Zappia (Blue Orchard), Miguel Solana (ILO)


10h30           Coffee break

10h45           Break-out sessions continued

Institutional issues (Basement MS 030)

Moderation: Y. Renaud (Symbiotics)

  • Ndaki, D. P. (University of Agder), Managerial choices, longevity and capital structure: Financing decisions in a global Microfinance industry.
  • Dorfleitner et al (University of Regensburg and CERMi), The access of MFIs to debt capital: an empirical investigation of microfinance investment vehicles
  • Vanroose (ULB Brussels), Which factors drive the regional expansion of microfinance institutions? Evidence from Peru
  • Khachatryan (American U of Armenia), Shen and Hartarska (Auburn U), Efficiency and outreach of MFIs: does service diversification matter?


Products and services (Basement MS 040)

Moderation: M. Labie (U Mons and CERMi)

  • Johnson (U Bath) and Krijtenberg (VU Amsterdam), ‘Upliftment’, friends and finance:  indigenous concepts and practices of resource exchange underpinning mobile money adoption
  • Sahu (Indian Institute of Foreign Trade), Does access to housing finance improve housing conditions for the poor? An analysis of microfinance for housing in India
  • Czura and Dequient (LMU Munich), Willingness-to-pay for micro-insurance and flexibility: Evidence from an agricultural investment lab-in-the-field experiment in Senegal
  • Pinz (U Mannheim), Value creation in not for profit microfinance organizations – an analysis of value creation in Bolivian and Peruvian MFOs



Market, policies and regulation (Basement MS 050)

Moderation: M. Hudon (ULB)

  • Müller (U Basel), Monetary policy and the impact of sustainable microfinance
  • Biosca,  McHugh and Donaldson (Glasgow Caledonian U), Microfinance as a public health measure - a conceptual framework for advanced economies
  • Forkusam (U Oldenburg), Does cross-border funding affect microfinance mission drift? Empirical evidence from Sub Saharan Africa
  • Nawaz and Bhatti (Institute of Information Technology Lahore), Sources of Funds as drivers to efficiency in microfinance: an empirical evidence from South Asia


Impact and social performance (Ground floor MR 150)

Moderation: B. Gutierrez-Nieto (U Zaragoza)

  • Postelnicu (ULB and CERMi), Social Capital Accumulation and Poverty
  • Quaye and Hartarska (Auburn U), Investment Impact of Microfinance Credit Delivery in Ghana
  • Burlando and Canidio (U Oregon and Central European U), Financial inclusion of vulnerable households via savings and borrowing groups: theory and experimental evidence from Uganda
  • Meyer and Kraus (U Zürich), Measuring and aggregating social performance of MIVs


Client issues (First floor M 1140)

Moderation: I. Guérin (IRD)

  • Alia and Ashta (ESC Dijon), Understanding the impact of Handicap through the use of time and financial diaries
  • Bauchet and Chakravarty (Purdue U), Does Size Matter? Group size and loan repayment in microfinance
  • Onemolease and Udah (Ambrose Alli U), How satisfied are the supposed beneficiaries? Perceptions of small-scale farm entrepreneurs in Edo State, Nigeria
  • King (St.Louis U), Measuring Regional Inter-variability of Microfinance Program Outcomes in the Dominican Republic


Gender issues (Second floor M 2130)

Moderation: R. Mersland (U Agder)

  • Burani (U Bologna), MFIs in Latin America: performance and female leadership
  • Johnson, Li and Vujic (U Bath and Antwerpen), How does the use of savings instruments vary by gender?  Evidence from high frequency panel data in Kenya
  • Saikumar (Humboldt U Berlin), Development Programs Targeting Poverty, Women Empowerment, and Access to Credit: Can Rural and Urban Self Help Groups Achieve the same sustainability?
  • Strom, d’Espallier and Mersland (U Agder), Female managers and financial inclusion. Evidence from microfinance institutions.


13h                Lunch break

14h                Break-out sessions continued

Institutional issues (Basement MS 030)

Moderation: J. Copestake (U Bath)

  • Beisland and Mersland (University of Agder), The commercialization of the microfinance industry: is there a personal mission drift of loan officers?
  • Leidl, M et al (Regensburg U), Refinancing MFIs with market power
  • Lakshmi and Balasubramanian (Institute for Financial Management and Research Chennai), Economics of the Business Correspondent Model
  • Wiesner (U Bayreuth), Analyzing Microfinance Mechanisms: The Potential of Agent-Based Models


Impact and social performance (Basement MS 040)

Moderation:  J. Krishnakumar (U Geneva)

  • Li and Hermes (U Groningen), The Changing Landscape in Microfinance: An Inter-temporal Data Envelopment Analysis
  • Peeters (U Hassels), Lacalle-Calderon, Alfonso-Gil (UA Madrid), , Microfinance, formal institutions, and incomes per capita: cross-country evidence from unconditional quantile regressions
  • Kendo (U Lorraine), The impact of microfinance development on economic growth; evidence using cointegration analysis
  • Martinez (U Zürich and Graduate Institute Geneva) and Krauss (U Zürich), What Drives Financial Inclusion at the Bottom of the Pyramid? Empirical Evidence from Microfinance Panel Data


Products and services (Basement MS 050)

Moderation: L.  dalla Pellegrina (Bocconi U)

  • Gutiérrez-Nieto and Serrano-Cinca (U Zaragossa), Determinants of default in P2P lending. A predictive model
  • Nsabimana (Catholic U Louvain), Role and impact of ICT in microfinance in Kenya
  • Lekane Tsobgou (U Yaoundé) and Schmitz (U Liège), Overcome the lack of entrepreneurial spirit in tourism: micro finance and rural tourism in the West Cameroon chiefdoms
  • Guizar, (Tecnologico de Monterrey), Gonzalez-Vega and Miranda (Ohio State U), Uneven influence of credit and savings deposits on the dynamics of technology decisions and poverty traps


Client issues (Ground floor MR 150)

Moderation: D.  Rozas (eMFP)

  • Afonso (U Portsmouth), Guérin (IRD), Forcella (ULB), Morvant-Roux, Are over indebtedness prevention policies effectively protecting microfinance clients? – Lessons from Dominican Republic
  • Sarker (UMONS and CERMi), Discrimination against Persons with Disabilities for getting access to Microcredit: Evidence from Literature
  • Meesters, Lensink et al, (U Groningen), Microfinance in the Aftermath of a Natural Disaster
  • Smits and Günther (ETH Zürich), Financial distress in microfinance customers: the impact of formal loans or a general phenomenon? An empirical study in Urban Uganda.


Market and policy issues (First floor M 1140)

Moderation: V. Hartarska (Auburn U)

  • Fansi (U Luxembourg), Microcrédits à taux d’intérêt raisonnables : réalité ou utopie ? (in French with summary in English)
  • Reichert (ULB), Commercialization and convergence: where we are and where we are headed?
  • Meyer (ULB and CERMi), Polycentric governance for policy change: application of the advocacy coalition framework to Brazilian solidarity finance
  • Lopez and Winkler (Frankfurt School), Rural lending and microfinance sustainability - Is small beautiful?


16h                Tea break

16h15           Keynote Jonathan Morduch (New York University)

"Another look at microfinance subsidies"       (MR 380)

Panel: Competition, market organization and public policy

                        Panelists: R.Dominicé (Symbiotics, moderator), M.Hudon (ULB), D.Rozas (eMFP)


18h                Closure second day

20h                Gala evening: meeting at 19:45 at the boat pier “Genève-Paquis”

Wednesday, 3 June 2015

9h30           Break-out sessions continued and concluded


Institutional issues (Basement MS 030)

Moderation: Chuck Olson (Blue Orchard)

  • Hermes (U Groningen) and Postelnicu (ULB and CERMi), Microfinance Performance and the Role of Informal Institutions: A Cross-country Analysis
  • Balemba (U Mons), The Link between Employee Job Satisfaction, Customer Satisfaction and Retention in Microfinance Institutions (IMFs)
  • Pillarisetti (NABARD), Factors affecting the quality and sustainability of microfinance self-help groups: Evidence from Indian states of Bihar and Odisha
  • Dato and Mersland (U Agder), Board Committees and Performance of Microfinance Institutions: Evidence from Ethiopia


Products and services (Basement MS 040)

Moderation: S. Wiesner (U Bayreuth)

  •  Assadi (ESC Dijon), Models of Crowdfunding for Financial Inclusion
  • Habib, Morshed and Jubb (Swinburne University of Technology), Female Senior Managers and the micro level performance of MFIs
  • Sadeque (Institute of Microfinance PKSF, Dhaka), Escalating growth of MFIs and swinging client drop out: implications on sustainability

Market, policies and regulation I (Basement MS 050)

Moderation: A. Winkler (FS)

  • Jain (Cambridge U), Competition and information-sharing amongst MFIs
  • Uddin (Queens U), Strategic responses to external pressures for MF account ability: a developing country perspective
  • Vilela-Espinoza, Regulating mobile technologies in microfinance: a law and economics analysis


Market, policies and regulation II (Ground floor MR 150)

Moderation: M. Labie (U Mons and CERMi)

  •  Acclassato et Sénou (Université d’Abomey-Calavi), Régime d’incitation et productivité dans les institutions de microfinance au Bénin
  • Morshed, Habib and Jubb (Swinburne University of Technology), Consumer Awareness and Regulatory Impact in the Microfinance Industry: A Bangladesh Study
  • Hudon and Labie, What is an acceptable level of profit for a double bottom line microfinance institution?


Impact and social performance I (First floor M 1140)

Moderation: B.  Balkenhol (U Geneva)

  • Lacalle-Calderon (U Autonoma Madrid), Microfinance and poverty: A new look at the macro-level evidence.
  • Botti (U Perugia) and Corsi (U Sapienza Rome), Microfinance social  performance in the EU: trends and trade-offs
  • Sierra, Patino and Lopez (U Salamanca), A synthetic indicator for the evaluation of the double bottom line of microfinance



Impact and social performance II (Second floor M 2130)

Moderation: A.Krauss (U Zürich)

  •  Martinez (U Zürich), Doing well by doing good – empirical evidence from microfinance
  • Buchenrieder (U Halle-Wittenberg) and Gnilachi, Poverty alleviation through microfinance revisited: new evidence from a Cameroonian village bank
  • Trachsel (U Geneva), The impact of remittances uses on financial inclusion: the Mexican case


Client issues (Second floor M 2140)

Moderation: I. Guérin (IRD)

  • Ghalib (U Manchester), Assessing the Social Impact of Microfinance: the Development of a Conceptual Framework
  • Jubb, Habib and Morshed (Swinburne University of Technology), Multiple Microfinance Institution Memberships and Corporate Social Responsibility Outreach Activities


11h                Coffee break

11h15           Panel: The debate on RCTs – new perspectives?

Moderation: Adalbert Winkler (Frankfurt School)

Panelists:     Britta Augsburg (Institute for Fiscal Studies)

                       James Copestake (U Bath), Isabelle Guérin (IRD)


12h30           Closing of conference