Sustainability and Mission Drift in Microfinance

Microfinance institutions (MFIs) are constrained by double bottom-lines: meeting social obligations (the first bottom-line) and obtaining financial self-sufficiency (the second bottom-line). The proponents of the first bottom-line, however, are increasingly concerned that there is a trade-off between these two bottom-lines—i.e., getting hold of financial self-sufficiency may lead MFIs to drift away from their original social mission of serving the very poor, commonly known as mission drift in microfinance which is still a controversial issue. This study aims at addressing the concerns for mission drift in microfinance in a performance analysis framework. Chapter 1 deals with theoretical background, motivation and objectives of the topic. Then the study explores the validity of three major and related present-day concerns. Chapter 2 explores the impact of profitability on outreach-quality in MFIs, commonly known as mission drift, using a unique panel database that contains 4-9 years’ observations from 253 MFIs in 69 countries. Chapter 3 introduces factor analysis, a multivariate tool, in the process of analysing mission drift in microfinance and the exercise in this chapter demonstrates how the statistical tool of factor analysis can be utilised to examine this conjecture. In order to explore why some microfinance institutions (MFIs) perform better than others, Chapter 4 looks at factors which have an impact on several performance indicators of MFIs—profitability or sustainability, repayment status and cost indicators—based on quality-data on 353 institutions in 77 countries. The study also demonstrates whether such mission drift can be avoided while having self-sustainability. In Chapter 5 we examine the impact of capital and financing structure on the performance of microfinance institutions where estimations with instruments have been performed using a panel dataset of 782 MFIs in 92 countries for the period 2000-2007. Finally, Chapter 6 concludes the study by summarising the results from the previous chapters and suggesting some directions for future studies.

Flame retardant polyphosphate esters: 1. Condensation polymers of bisphenols with aryl phosphorodichloridates: synthesis, characterization and thermal studies

Polyphosphate esters were synthesized by the solution polycondensation of bisphenols with aryl phosphorodichloridates. The polymers were characterized by i.r. and 1H, 13C and 31P n.m.r. spectroscopy. The molecular weights were determined by end group analysis using 1H and 31P n.m.r. spectral data. The thermal stability of the polymers was analysed by thermogravimetry.

Flame retardant polyphosphate esters: 2. Condensation polymers of bisphenol A with alkyl phosphorodichloridates: synthesis, characterization and thermal studies

Polyphosphate esters based on bisphenol A and alkyl phosphorodichloridates have been synthesized and characterized by i.r. and n.m.r. spectroscopy. The molecular weights were calculated from 31P n.m.r. The thermal stability of the polymers were analysed by thermogravimetry.

Fast- and drift-ice communities in the Bothnian Bay and the impact of UVA radiation on the Baltic Sea ice ecology

The aim of this thesis was to study ecology of Baltic Sea ice from two perspectives. In the first two studies, sea-ice ecology from riverine-influenced fast ice to drift ice in the Bothnian Bay was investigated, whereas the last two studies focus on the sensitivity of sea-ice bacteria and algae to UVA examined in situ. The seasonal sea ice cover is one of the main characteristics of the Baltic Sea, and despite the brackish parental water, the ice structure is similar to polar ice with saline brine inclusions, the sea ice habitat. The decreasing seawater salinity from the northern Baltic Sea to the Bothnian Bay translates to decreasing brine volumes along the gradient, governing the size and community structure of the food webs in ice. However, the drift and fast ice in the Bothnian Bay may differ greatly in this sense, as drift ice may have been formed at more southern locations. Rafting and the formation of snow ice are common processes in the ice field of the Bothnian Bay. As evidenced in this thesis, rafting altered the vertical distribution of organisms and snow-ice formation provided habitable space in the better-illuminated, nitrogen-rich surface layer. The divergence between fast and drift ice became apparent at the more advanced stages, and chlorophyte biomass decreased from fast to drift ice, while the opposite held true for protozoan and metazoan biomass. The brine volumes affected the communities somewhat, and a higher percentage of flagellate species was generally linked to lower brine volumes, whereas chain-forming diatoms were mostly concentrated in layers with larger brine volumes. These results add to knowledge of the ecological significance of the ice cover lasting up to 7 months per year in this area. Sea-ice food webs are generally light-limited, but while increasing light irradiances typically enhance the primary production and further, the secondary production in sea ice, any increase in solar radiation also includes an increase in harmful UVA radiation. The Baltic Sea ice microbial communities were clearly sensitive to UVA and the responses were strongly linked to the earlier light history, as well as to the solar irradiances they were exposed to. The increased biomass of chlorophytes and pennate diatoms, when UVA was excluded, indicates that their normally minor contribution to the biomass in the upper layers of sea ice might be partly dictated by UVA. The effects of UVA on bacterial production in Baltic Sea ice mostly followed the responses in algal growth, but occasionally the exposure to UVA even enhanced the bacterial production. The dominant bacterial class, Flavobacteria, seemed to be UVA-tolerant, whereas all the Alpha-, Beta- and Gammaproteobacteria present in the surface layer showed UVA sensitivity. These results indicate that changes in the light field of ice may alter the community structure and affect the functioning of ice food webs, and are of importance when the effects of thinning of the ice cover are assessed.

New flame retardant polyarylazo phosphate and phosphoramide esters

Two series of flame retardant polymers, viz. polyarylazo phosphate and phosphoramide esters, were synthesized by solution polycondensation of 4,4′-dihydroxyazobenzene with various aryl phosphorodichlorides and aryl phosphoramidic dichlorides. They were characterized by i.r. 1H-, 13C- and 31P-NMR spectroscopy. The molar mass, thermal and flammability studies were carried out by viscometry, thermogravimetry and limiting oxygen index respectively to examine the influence of the phosphate and phosphoramide linkages. The polyphosphoramide esters possess better thermal and flammability characteristics than the polyphosphate esters.

New flame-retardant poly(pyromellitic imide aryl phosphoramide-ester)s

Flame-retardant poly(pyromellitic imide aryl phosphoramide-ester)s were synthesized by interfacial polycondensation of N,N?-bis(p-hydroxyphenyl)pyromellitic diimide with aryl phosphoramidic dichlorides. The polymers were characterized by IR and 1H-NMR spectroscopy. The molecular composition was confirmed by elemental analysis. The thermal stability and flammability of the polymers were studied by thermogravimetry and limiting oxygen index, respectively. Durch Grenzflächen-Polykondensation von N,N?-bis(4-hydroxyphenyl)pyromellitsäurediimid mit Dichloriden verschiedener Phosphoramide wurden flammhemmende Polymere erhalten. Diese wurden mittels IR- und 1H-NMR-Spektroskopie und Elementaranalyse charakterisiert. Thermische Stabilität und Entflammbarkeit wurden thermogravimetrisch bzw. durch Bestimmung des Sauerstoff-Indexes untersucht.

Novel polymeric flame retardant plasticizers for poly(vinyl chloride)

Polyphosphate esters have been used as polymeric flame retardant plasticizers in poly(vinyl chloride); thermal and flammability studies were carried out to evaluate their efficiencies as fire retardants. A comparison is also made on the fire retardancy of the conventional simple phosphates with that of the polyphosphates as novel fire retardant plasticizers for PVC.

Novel photo-crosslinkable flame retardant polyvanillylidene arylphosphate esters

A new class of photo-crosslinkable flame retardant arylphosphate ester polymers based on diarylidenecycloalkanone groups has been synthesized by polymerizing 2,5-divanillylidene cyclopentanone and 2,6-divanillylidenecyclohexanone with various arylphosphorodichloridates by interfacial polycondensation using a phase transfer catalyst. The resulting polymers were characterized by inherent viscosity, g.p.c., i.r., H-1, C-13, P-31 n.m.r. spectroscopy. These polymers were studied for their photochemical and flame retardant properties. The divanillylidene cycloalkanone group in the chain function as photoactive centres while arylphosphate ester groups impart flame retardancy. The photo-crosslinking proceeds via 2 pi + 2 pi cycloaddition reaction of the divanillylidene cycloalkanone moieties. The crosslinking rate, thermal stability and flammability characteristics of the polymers increase with decrease in the size of the cycloalkanone ring. (C) 1997 Elsevier Science Ltd.

Polyethylene stibinite phosphate esters: Novel flame-retardant plasticizers for PVC

A new series of multielement flame-retardant plasticizers containing polyethylene stibinite phosphate esters have been prepared by bulk polymerization from ethylene glycol with various antimony (III) aryloxydichlorides and arylphosphorodichloridates possessing various combinations of substituent [Cl,Br,NO2]. All the polymers are pink-coloured viscous fluids. They were characterized by inherent viscosity, density, IR, H-1, C-13 and P-31 NMR spectroscopy. The thermal behaviour of the polymers was compared by thermogravimetric analysis and correlated with their structures. The flammability studies were carried out by the limiting oxygen index test. The polymers containing P, Sb, N and Pr elements in their backbone show superior thermal-and flame-retardant characteristics than the other polymers. A comparative study was carried out with one of the synthesized polymers as a polymeric flame-retardant additive to plasticized PVC. The results showed improved LOI and mechanical properties to that of the conventional flame-retardant additive composition. (C) 1997 Elsevier Science Ltd.

A new polymeric flame retardant additive for vinyl polymers

Diethyl allyl phosphate (DEAP) monomer has been synthesized, and characterized, using H-1 NMR and direct ionization mass spectrometric (DI-MS) techniques. It was free-radically polymerized to yield the poly(diethyl allyl phosphate) (PDEAP). The direct pyrolysis-mass spectrometric (DP-MS) analysis of the PDEAP revealed that it undergoes thermal degradation to yield mainly the monomer. Utility of PDEAP as a potent flame-retardant additive in polystyrene (PS) and poly(methyl methacrylate) (PMMA) has also been established.

Data Fusion of Dual Foot-Mounted INS to Reduce the Systematic Heading Drift

In this report, we investigate the problem of applying a range constraint in order to reduce the systematic heading drift in a foot-mounted inertial navigation system (INS) (motion-tracking). We make use of two foot-mounted INS, one on each foot, which are aided with zero-velocity detectors. A novel algorithm is proposed in order to reduce the systematic heading drift. The proposed algorithm is based on the idea that the separation between the two feet at any given instance must always lie within a sphere of radius equal to the maximum possible spatial separation between the two feet. A Kalman filter, getting one measurement update and two observation updates is used in this algorithm.

Drift parameters optimization of a TPC polarimeter: a simulation study

Time Projection Chamber (TPC) based X-ray polarimeters using Gas Electron Multiplier (GEM) are currently being developed to make sensitive measurement of polarization in 2-10 keV energy range. The emission direction of the photoelectron ejected via photoelectric effect carries the information of the polarization of the incident X-ray photon. Performance of a gas based polarimeter is affected by the operating drift parameters such as gas pressure, drift field and drift-gap. We present simulation studies carried out in order to understand the effect of these operating parameters on the modulation factor of a TPC polarimeter. Models of Garfield are used to study photoelectron interaction in gas and drift of electron cloud towards GEM. Our study is aimed at achieving higher modulation factors by optimizing drift parameters. Study has shown that Ne/DME (50/50) at lower pressure and drift field can lead to desired performance of a TPC polarimeter.

Nanometer scale thermal drift of 4Gbit/s uncooled laser for tight-channel-spacing low-cost WDM

A 4Gbit/s directly modulated DBR laser is demonstrated with nanometre scale thermal tuning over an extended 20-70°C temperature range. >40dB side mode suppression over the entire temperature range is achieved. © 2005 Optical Society of America.