Dr. Johannes Flosbach



Completed Project

Financial Performance of Microfinance Institutions in Ghana and Uganda: Development and Application of the Achievement Stages Model


This PHD project was published and is available at the website of LIT Verlag:


flosbachThis study examines the determinants of financial performance of microfinance institutions (MFIs) against the backdrop of the public and academic debate over the financial and social implications of microfinance. In the absence of a conceptual model, this study chooses an inductive research approach with the objective of defining and developing a conceptual model with the capacity to explain, quantify and compare the performance of MFIs. The research is particularly relevant in the African context where microloan interest rates regularly exceed 100 percent per annum and where the microfinance industry is lacking behind its global peers in regard to financial and social performance.