@article{oai:nagoya.repo.nii.ac.jp:02003715, author = {PERERA, Waruni N.K.}, issue = {2}, journal = {国際開発研究フォーラム, Forum of International Development Studies}, month = {Sep}, note = {This study examines the performance and productivity convergence of profit-oriented microfinanceinstitutions in Latin America and the Caribbean from 2007 to 2018. Importantly, the study assesses twoaspects of performance: financial performance and financial inclusion through lending to microenterprises.During the period studied, the productivity change in both aspects declined. Furthermore, productivityconvergence reveals that the productivity change of the previously lagging institutions increases fasterthan previously leading institutions in both aspects (catching up). Nevertheless, in terms of financialperformance, dispersion in productivity change is growing. In conclusion, the study confirms thatmicrofinance institutions with an emphasis on profit must operate at an optimal scale to achieve progressin productivity changes in terms of financial inclusion. Moreover, to achieve progress in productivitychange and productivity convergence in the financial performance aspect, profit-oriented microfinanceinstitutions have to focus on technological improvement and innovations, getting the maximum output byutilizing the inputs by using efficient managerial practices, and operating on an optimal scale.}, pages = {1--18}, title = {Productivity Convergence of Microfinance Institutions in Latin America and the Caribbean : The Role of Financial Performance and Inclusion}, volume = {53}, year = {2022} }