International Journal of Social Science & Economic Research
Submit Paper


Triane Widya Anggriani, R Nunung Nuryartono , Bambang Juanda , Jaenal Effendi

|| ||

Triane Widya Anggriani1, R Nunung Nuryartono2 , Bambang Juanda3 , Jaenal Effendi4
1. Center of Agricultural Management and Leadership, Ministry of Agriculture, Bogor, Indonesia 16720
2. Faculty of Economic and Management, IPB University, Bogor, Indonesia 16680

Anggriani, Triane Widya, et al. "SUSTAINABILITY OF AGRIBUSINESS MICROFINANCE INSTITUTIONS (AMFIS) IN BOGOR." Int. j. of Social Science and Economic Research, vol. 4, no. 11, Nov. 2019, pp. 6769-6784, Accessed Nov. 2019.
Anggriani, T., Nuryartono, R., Juanda, B., & Effendi, J. (2019, November). SUSTAINABILITY OF AGRIBUSINESS MICROFINANCE INSTITUTIONS (AMFIS) IN BOGOR. Int. j. of Social Science and Economic Research, 4(11), 6769-6784. Retrieved from
Anggriani, Triane Widya, R Nunung Nuryartono, Bambang Juanda, and Jaenal Effendi. "SUSTAINABILITY OF AGRIBUSINESS MICROFINANCE INSTITUTIONS (AMFIS) IN BOGOR." Int. j. of Social Science and Economic Research 4, no. 11 (November 2019), 6769-6784. Accessed November, 2019.

[1]. Asare, G. (2018). Factors Influencing the Sustainability of Microfinance Institutions in Ghana?: a Case of Microfinance Institutions in Ashanti Region. Norwegian University of Life Sciences.
[2]. Badan Pusat Statistik (BPS-Statistics Indonesia). (2016). Jawa Barat Province in Figures. Bandung.
[3]. Badan Pusat Statistik (BPS-Statistics Indonesia). (2017). Bogor Regency in Figures 2017. Bogor.
[4]. Bhanot, D., & Bapat, V. (2015). Sustainability index of microfinance institutions (MFIs) and contributory factors. International Journal of Social Economics, 42(4), 387- 403.
[5]. Borbora, S., & Sarma, G. K. (2011). The Sustainability and Outreach of Microfinance Institutions.
[6]. Conning, J. (1999). Outreach, sustainability and leverage in monitored and peer- monitored lending. Journal of Development Economics, 60(1), 51-77.
[7]. Consultative Group to Assist the Poor (CGAP). (2009). Financial Analysis for Microfinance Institutions. Washington DC.
[8]. Cull, R., Demirguc-kunt, A., & Morduch, J. (2007). Financial performance and outreach?: a global analysis of leading a microbanks. The Economic Journal, 117, F107- F133.
[9]. Dokulilova, L., Janda, K., & Zetek, P. (2009). Sustainability of microfinance institutions in financial crisis. In Munich Personal RePEc Archive Paper No. 17696.
[10]. Hermawan, H., & Andrianyta, H. (2012). Agribusiness microfinance institutions: institutional strengthening and farm financing in rural areas. Analisis Kebijakan Pertanian, 10, 143- 158.
[11]. Hermes, N., & Lensink, R. (2007). The empirics of microfinance: The Economic Journal, 117(February), 1-11.
[12]. Hermes, N., Lensink, R., & Meesters, A. (2011). Outreach and efficiency of microfinance institutions. World Development, 39(6), 938-948.
[13]. Hulme, D., & Mosley, P. (1996). Finance Against Poverty Volumes 2. In Project ...(London).
[14]. Kimando, L. N., Kihoro, J. M., & Njogu, G. W. (2012). Factors Influencing the Sustainability of Micro-Finance Institutions in Murang's Municipality. International Journal of Business and Commerce, 1(10), 21-45.
[15]. Ledgerwood, J. (1999). Microfinance Handbook An Institutional and Financial Perspective. Washington DC: The World Bank.
[16]. Louis, P., Seret, A., & Baesens, B. (2013). Financial efficiency and social impact of microfinance institutions using self-organizing maps. World Development, 46, 197-210.
[17]. Mahapatra, M. S., & Dutta, S. (2016). Determinants of sustainability of the microfinance sector in India. Journal of Rural Development, 35(3), 507-522.
[18]. Masood, T., & Ahmad, M. I. (2010). Technical efficiency of microfinance in India?: a stochastic frontier approach. Prajnan, XXXIX(3).
[19]. Mersland, R., & Strom, R. o. (2010). Microfinance mission drift? World Development, 38(1), 28-36.
[20]. Molinero, C. M., Cinca, C. S., & Nieto, B. G. (2007). Microfinance institutions and efficiency. Omega, 35(2), 131-142.
[21]. Morduch, J. (2000). The microfinance schism. World Development, 28(4), 617-629.
[22]. Mulyaningsih, Y. (2016). Analysis of Sustainability, Outreach, and The Impact of Islamic Micofinance Institutions (Islamic MFI) Financing on Poverty Alleviation of Farm Household in Rural West Java. IPB University.
[23]. Nanayakkara, G. (2017). Interaction and higher order effects of factors affecting the performance of microfinancing institutions. International Journal of Social Economics, 44(7), 900- 920.
[24]. Nardo, M., Saisana, M., Saltelli, A., Tarantola, S., Hoffman, A., & Giovannini, E. (2008). Handbook of Contructing Composite Indicators: Methodology and User Guide. OECD Publishing.
[25]. Okumu, L. J. (2007). The Microfinance Industry in Uganda: sustainability, outreach and regulation. University of Stellernbosch.
[26]. Paxton, J., & Cuevas, C. (2002). Outreach and sustainability of member based rural financial intermediaries. In The Triangle of Microfinance. The International Food Policy Research Institute.
[27]. Quayes, S. (2012). Depth of outreach and financial sustainability of microfinance institutions. Applied Economics, 44(26), 3421-3433.
[28]. Rahman, M. A., & Mazlan, A. R. (2014). Determinants of financial sustainability of microfinance institutions in Bangladesh. International Journal of Economics and Finance, 6(9), 107-116.
[29]. Rhyne, E. (1998). The Yin and yang of microfinance?: reaching the poor and sustainability. Micro banking Bulletin, July.
[30]. Rossenberg, R. (2009). Core Performance Indicators for Microfinance.
[31]. Ruben, R., & Schers, S. (2007). Microfinance portfolio performance explorative analysis determinants of outreach, sustainability and risk. Microfinance - What Do We Know?
[32]. Schreiner, M. (2002). Aspects of outreach: a framework for discussion of the social benefits of microfinance. Journal of International Development, 14, 1-13.
[33]. Sim, J., & Prabhu, V. V. (2014). The sustainability and outreach of microfinance institutions. IFIP Advances in Information and Communication Technology, 439(PART 2), 286-293.
[34]. Yaron, J. (1994). What makes rural finance institutions successful? The World Bank Research Observer (Vol. 9, pp. 49-70).
[35]. Zeller, M., & Meyer, R. L. (2002). The Triangle of Microfinance?: Financial Sustainability, Outreach, and Impact. Baltimore and London: The Johns Hopkins University Press.

Microfinance service is one of the approach to reduce number of poverty by providing financial service to low income society. The increase demand of microfinance, will require microfinance institution to keep their sustainability both financially and outreach. Purpose of this study is to analyze the factors affecting Agribusiness Microfinance Institution (AMFI)s' sustainability in Bogor District. The concept of the sustainability microfinance in this study analized holistically by combining financial sustainability and outreach sustainability. This combination by the previous research has not been much analyzing the sustainability of both aspects. The factors influencing agribusiness microfinance institutions' sustainability identified by panel regression. Sampling technique used is purposive sampling, from survey result obtained 15 agribusiness microfinance institutions who have complete financial reports for two years from 2016 to 2017. Result of research sustainability index of agribusiness microfinance institution in Bogor District ranged between 0,02 to 0,71; with an average score of sustainability index as much as 0,27. This indicated agribusiness microfinance institutions' performance are relatively low. The regression result showed the amount of total loan, total equity and agribusiness microfinance institutions' age were significant positive contributor to AMFIs' sustainability in Bogor District.