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Armendariz, B., & Morduch, J. (2010). The Economics of Microfinance (2e éd.). The MIT Press.

has been cited by the following article:

• TITLE: Determinants of SMEs’ Access to Microfinance Credit in Lubumbashi: An Analysis Based on Multinomial Logistic Regression

  AUTHORS: Maguy Nzuzi Bangika, Djuma Bwana Mwana Mbuyu, Aaron Lwimba Wa Lwimba

  KEYWORDS: MFIs, Financial Exclusion, SMEs, Microfinance, Multinomial Logistic Regression

  JOURNAL NAME: American Journal of Industrial and Business Management, Vol.16 No.2, February 14, 2026

  ABSTRACT: This quantitative study investigates the factors contributing to the limited access of Small and Medium-sized Enterprises (SMEs) to credit from Microfinance Institutions (MFIs) in Lubumbashi, Democratic Republic of Congo. Using a multinomial logistic regression model on a sample of 69 SMEs, the authors analyze variables such as self-exclusion, interest rates, credit history, collateral, and solvency. The findings indicate that the lack of solid collateral and low solvency are the primary statistically significant determinants hindering credit access.