Microcredit

Grameen Carso: Reviewing One Year of Operations in Mexico

by Matt Borden Nuñez

The Grameen Bank is now known globally as the pioneering leader in contemporary microlending for social and economic... more The Grameen Bank is now known globally as the pioneering leader in contemporary microlending for social and economic development. Beyond its native Bangladesh, the bank has been expanding into foreign countries since 1997, reaching Latin America in 1999. With financial support from the Carlos Slim Foundation, Grameen has arrived in Mexico establishing the country program Grameen Carso.

Grameen Carso disbursed their first loan on July 3, 2009. The research for this study was completed between July and September of 2010. The study itself seeks to describe and analyze how Grameen Carso has been established, how it is currently operating, and what results the program has achieved in its first year of operations with close attention paid to program objectives announced in 2009. Specifically, the study uses quantitative and qualitative methods as well as discourse analysis to determine whom Grameen Carso seeks out as borrowers and why. Indices of program impact and growth are measured and contextualized. Repayment rate and dropout rate are problematized. The study concludes with policy suggestions and suggestions for further research.

Microfinance Model in Zimbabwe paper

by Toindepi Toindepi

Crédito y desigualdad: efecto del acceso a crédito en la brecha de ingreso de los hogares ecuatorianos

by Andres Mideros Mora

2012 Chakravarty, Anuradha and Soma Chaudhuri*. Strategic Framing (s): How Micro-credit Loans facilitate Anti-Witch Hunt Movements. Mobilization an International Journal 17(2) (*Equal Authors)

by Soma Chaudhuri

email me if you would like to read the paper

Microcredit using Equity Financing: an Alternate Approach to Micro Financing in an Interest Free Economy

by Salman Ahmed Shaikh

Interest is prohibited in all monotheist religions; however, it features as an essential element in practiced... more Interest is prohibited in all monotheist religions; however, it features as an essential element in practiced capitalism. Interest based financial system has created two major havocs in last two decades i.e. in East Asia in 90s and in the Great Recession since 2007. This paper highlights the extent of development problems faced by the world. With interest at zero bound in U.S since 2008 and with unemployment at 11% level, scarcity of capital cannot solely explain this. However, interest based Microfinance has had mixed results. Interest based lending at Micro level is usually carried out at very high interest rates, more so when the lending takes place informally without institutional intermediation. Institutional intermediation serves a good purpose, but it can also be designed using equity modes of financing. This can relieve the financee and increase diversity of entrepreneurial activities as in debt based microfinance, not much diversity can happen with compulsory servicing of debt. The related questions as to how the institutional arrangement would work to carry out this system, how documentation problems be resolved, how trust level can be created, how effective monitoring can be undertaken and how the intermediaries generate finance themselves and mobilize funds are answered in this paper.

GOOD GOVERNANCE IN MICROCREDIT STRATEGY FOR POVERTY REDUCTION: FOCUS ON WESTERN MINDANAO, PHILIPPINES

by FREDE MORENO

Predatory microfinance

by Kristiano Raccanello

This version: Fall 2011

The innovation necessity: Evidence from microcredit in the Dominican Republic

by Steven W. Bradley

Capital is Not Enough: Innovation in Developing Economies

by Steven W. Bradley

Bradley, S.W., McMullen, J. Artz, K., Simiyu, E. (2011) “Capital is Not Enough: Innovation in Developing Economies.” Accepted Journal of Management Studies

Economic development and social entrepreneurship often conceive of poverty as a resource allocation problem in which a... more Economic development and social entrepreneurship often conceive of poverty as a resource allocation problem in which a lack of capital prevents the poor from increasing their income through entrepreneurship. This allocative view, however, represents only one possible approach to conceptualizing entrepreneurial opportunity. The alternative discovery- and creativity-based views place a greater emphasis on innovation which implies that superior ideas are also needed if poverty is to be reduced through firm performance. Drawing from a survey of 201 small business owners involved in a microcredit program in Nairobi, Kenya, we find that the financial, social, human capital – performance relationships are mediated in part by innovation. Further, we find that differentiation-related innovations lead to better firm performance than novelty-related innovations.

The Innovation Necessity: Evidence from Microcredit in the Dominican Republic

by Steven W. Bradley

Bradley, S.W., Artz, K., Hulett, J. (2010). “The Innovation Necessity: Evidence from Microcredit in the Dominican Republic.” Journal of International Development, n/a. DOI: 10.1002/jid.1761.

This study examines the role of business innovation as an important, but understudied intervening relationship between... more This study examines the role of business innovation as an important, but understudied intervening relationship between microcredit loans and income level. Using archival and survey data of microcredit clients from the Dominican Republic, the study finds that loan size has a positive effect on income level, but only in the presence of business innovation. We find that greater business training in relation to competitors is a significant indicator of business innovation. The findings also suggest that personal characteristics and competitive environment play a joint, but opposite role with innovation in predicting income level.

Debt Enforcement and Relational Contracting

by Marta Serra-Garcia

Credit, Development and Women in Bangladesh: In quest of a theoretical framework

by Mahmudul Sumon

Published in Nrvijnana Patrika Vol 6 (2001); The abstract is added later and is not available with the original publication. 

This paper aims at three things. It begins with a review of how credit
constitutes to be a fundamental element... more This paper aims at three things. It begins with a review of how credit
constitutes to be a fundamental element in the development discourse. Secondly, it shows albeit in a
brief way, how in the specific context of Bangladesh, the concept of micro-credit has been put into use/
operationalized. This has been exemplified by focusing on how the dominant practices of researchers
and scholars working in this field, have so far dealt with the issue, borrowing the models and the
rationales of empowerment from the West, thus ignoring the local voices and meanings of the term.
The third section of the paper deals with my experience as a researcher and a fieldworker. It is
precisely this experience, which lead me to think that all this talks, discussions and seminars on microcredit
in general will carry no meaning to the rural poor if not a through understanding is made of the
specific context of relations in which a woman finds herself in a Bangladesh-village.

Governance, Transparency, and Accountability In the Microfinance Investment Fund Industry

by robert pouliot

Micro Credit in Western Europe: Case Study of the UK (2010)

by Syed Ali Tarek

Presented in Annual London Business Research Conference 2010 in Imperrial College, London.

The paper was later published in both internet version and print version of ' International Review of Business Research Papers'

For Referencing:

International Review of Business Research Papers Volume 6. Number 4. September 2010. Pp. 168 – 188

International Review of Business Research Papers Volume 1. Number 3. September 2010. Pp. 194 - 214

JEL Classification Codes: G21, G28, 021

With an ultimate urge to eradicate poverty from the third world nations the idea of micro-credit took birth. In the UK... more With an ultimate urge to eradicate poverty from the third world nations the idea of micro-credit took birth. In the UK where estimated 3.5m people do not have a bank account or access to credit makes a royal ground for micro credit to play its part to deliver credit to this credit unworthy people to change them forever. Not so widely practiced micro credit is not new in Western world. In the UK the social welfare based system and the traditional credit system often creates a barrier between an entrepreneur and an entrepreneur to be. This paper seeks the view of the Micro credit and its related services status in the UK as per year 2010. A root level questionnaire based survey was conducted and the data was analyzed to comment on the current status and suitable recommendations to overcome the barriers are presented.