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Table 2 Description of MFIs used in the empirical analysis

From: Competition and microfinance institutions’ performance: evidence from India

MFI legal Status

Numbers

NGO

84

NBMFI

83

Rural Bank and Credit Union

16

Total

183

Agea

 Young

33

 Mature

150

  1. aAge represents MFI’s service years, but due to the absence of number years data that MFIs have been in services, MIX-Market labels MFI as NEW for a beginner (1 year service), YOUNG for less than 5 years’ operation and MATURE for more than 5 years’ services