The limitations of group-based microfinance and ways to overcome them
Marr, Ana (2006) The limitations of group-based microfinance and ways to overcome them. Small Enterprise Development, 17 (3). pp. 28-40. ISSN 0957-1329 (doi:10.3362/0957-1329.2006.029)Full text not available from this repository.
In group-based microfinance, success in attaining the goals of financial sustainability and poverty reduction is crucially dependent on the sustainability of groups as organizations. This article argues that as mounting tensions arise between financial sustainability and organizational sustainability, this produces fundamental instability within groups and a tendency for the system to collapse. What is more, tensions tend to lead to the fracturing of groups and greater exclusion of the poor, creating negative impacts on well-being. The article discusses how tensions between financial and organizational sustainability can be minimized, and suggests that incentives should be put in place to strengthen groups.
|Additional Information:|| The journal, Small Enterprise Development, is now published as Enterprise Development and Microfinance (ISSN 1755-1978).|
|Uncontrolled Keywords:||group dynamics, microfinance, impacts, poverty reduction|
|Subjects:||H Social Sciences > HG Finance|
|School / Department / Research Groups:||School of Business
Faculty of Business > School of Business
School of Business > Department of International Business & Economics
Faculty of Business > School of Business > Department of International Business & Economics
Faculty of Engineering & Science > Natural Resources Institute
Faculty of Engineering & Science > Natural Resources Institute > Food & Markets Department
Faculty of Business
|Last Modified:||18 Aug 2015 15:29|
Actions (login required)