A waterfall model of microfinance: innovation and entrepreneurship for sustainable development

Kunal,

doi:10.1504/ijbg.2013.054387

Cited by 3 publications

(5 citation statements)

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“…In agreement with the literature, although social aspects are included in almost all MFIs’ mission, for some organizations, the dimension of financial self‐sufficiency prevails over the others, potentially causing a mission drift situation in socially oriented MFIs (Arena, ; Kunal, ; Lopatta et al, ).…”

Section: Discussionsupporting

confidence: 83%

“…When considering the FESG dimensions of sustainability, there is a close relation between social and economic spheres (Cull, Demirgüç-Kunt, & Morduch, 2009;García-Pérez et al, 2017;Gutiérrez-Nieto, Serrano-Cinca, & Molinero, 2007). In articles in which financial issues prevail, on the one hand there is a latent interest in the impact on the social aspects that relate this sector and its performance to social and financial inclusion (Jose & Chacko, 2017;Lacalle-Calderón, Alfonso-Gil, & Rico-Garrido, 2015;Prior & Argandoña, 2009) and poverty alleviation (Kunal, 2013;Manta, 2016;Tashman & Marano, 2009). On the other hand, there is community impact (Perez, Gonzalez, & Aaronson, 2011;Warnecke, 2014), particularly in women's lives (Chakrabarty & Bass, 2014;Maclean, 2010;Warnecke, 2015), the prevention of overindebtedness (Hudon, 2009;Rahman, 1999;Sathye, Mukhopadhyay, & Sathye, 2014) and discussion of the mission drift problem (Arena, 2007;Kunal, 2013;Lopatta et al, 2017).…”

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confidence: 99%

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Microfinance institutions fostering sustainable development

García-Pérez

Torres

Izquierdo

2018

Sustainable Development

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The microfinance sector is considered an important contributor to the expansion of formal financial systems. It plays a significant role in sustainable development. Microfinance institutions (MFIs) as key actors in the microfinance sector require an organizational management framework that facilitates sustainable growth. The objective of this study is to define a balanced MFI sustainability approach that considers financial, environmental, social and governance dimensions as equally important. Through a clustering process, this research establishes the relationship between the various sustainability indicators provided by MixMarket, and it determines different MFI sustainability profiles. This research uses the Kruskal–Wallis method to characterize each group based on outreach, financial and risk indicators. The results show that there is no balance between the different sustainability areas, and lead to the conclusion that it is necessary to promote an integrative approach to foster sustainability management practices in the microfinance industry.

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Section: Discussionsupporting

confidence: 83%

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confidence: 99%

Microfinance institutions fostering sustainable development

García-Pérez

Torres

Izquierdo

2018

Sustainable Development

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“…In agreement with the literature, although social aspects are included in almost all MFIs' mission, for some organisations, financial self-sufficiency prevails over the rest of dimensions potentially causing a mission drift situation in socially oriented MFIs (Arena, 2007;Kunal 2013;Lopatta et al, 2017).…”

Section: Discussionsupporting

confidence: 84%

“…When considering the FESG dimensions of sustainability, there is a close relation between social and economic spheres (Cull, Demirgûç-Kunt, & Morduch, 2009;García-Pérez et al, 2017;Gutiérrez-Nieto, Serrano-Cinca, & Molinero, 2007). In articles in which financial issues prevail, on the one hand there is a latent interest in the impact on the social aspects that relate this sector and its performance to social and financial inclusion (Jose & Chacko, 2017;Lacalle-Calderón, Alfonso-Gil, & Rico-Garrido, 2015;Prior & Argandoña, 2009) and poverty alleviation (Kunal, 2013;Manta, 2016;Tashman & Marano, 2009). On the other hand, there is community impact (Perez, Gonzalez, & Aaronson, 2011;Warnecke, 2014), particularly in women's lives Maclean, 2010;Warnecke, 2015), the prevention of overindebtedness Sathye, Mukhopadhyay, & Sathye, 2014) and discussion of the mission drift problem (Arena, 2007;Kunal, 2013;Lopatta et al, 2017).…”

Section: Literature Reviewmentioning

confidence: 99%

Sustainability in Microfinance Institutions

Pérez¹

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“…Investors may create special purpose vehicle in the form of MFIs, which is aimed at promoting entrepreneurship among its clients to achieve ultimate goal of poverty reduction for socio-economic development. But research finds that MFI's are deviating from their ultimate goal of poverty alleviations and getting engaged in subsistence work, which is a major obstacle for the MFIs (Kunal, 2013). Eradication of poverty to improve quality of life may be identified by targeting on social and economic issues that ultimately leads to sustainable development.…”

Section: Introductionmentioning

confidence: 99%

Microfinance models in improving 'quality of life': empirical analysis on Indian perspective

Roy

Mohanty

2020

IJBIR

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Poverty reduction is a global issue. In India, this issue is a priority and calls for critical and urgent attention. Microfinance as an approach is considered important for empowerment of unreached people's social and economic status through socio-psychological and financial intermediation. Despite the fact that microfinance institutions have assumed vital part in reducing poverty; relatively a few studies are available particularly to analyse the effectiveness of 'quality of life'. The present paper aims at studying the impact of microfinance in improving the quality of life of poor people in India. Human Development Index (HDI) is used to measure development by combining indicators such as; life expectancy, educational attainment and income into a composite index, thus addressing both social and economic issues. A variety of existing models and theories were critically reviewed and a model is formulated and validated by using the structural equation modelling (SEM) approach. Results show efficacy of the proposed model and evaluates the overall impact of 'quality of life' as measured through HDI. Finally, it may be concluded that the practice of microfinance program may outperform transition economies in countries like India in order to maintain the balance between social and economic benefits of the targeted people.

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A waterfall model of microfinance: innovation and entrepreneurship for sustainable development

Cited by 3 publications

References 0 publications

Microfinance institutions fostering sustainable development

Microfinance institutions fostering sustainable development

Sustainability in Microfinance Institutions

Microfinance models in improving 'quality of life': empirical analysis on Indian perspective

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