Macroeconomic factors influencing interest rates of microfinance institutions in the Latin America and the Caribbean

Abstract

Agricultural output in developing countries still represents a substantial part of the GDP. This ratio has actually increased in some areas such as the Latin America.

As such, there is an increasing importance of microfinance institutions (MFIs) focusing on the activities associated with agriculture and encouraging entrepreneurship in agriculture and in the rural communities in general.

Keywords

• microfinance
• interest rate
• macroeconomic factors
• agriculture