Foreign Aid and Microfinance: A new policy proposal for financing development

Lacalle-Calderón, Maricruz; Alfonso-Gil, Javier; Silvia, Rico-Garrido,

doi:10.26754/ojs_ried/ijds.145

Cited by 4 publications

(4 citation statements)

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“…The remarkable impact of micro-financing on economic growth is found and also supported by literature (Trivedi, 2014;Azeem, Badar, & Butt, 2014;Lacalle-Calderón, 2015;Raihan, 2015). The comparative results of Pakistan and Bangladesh show that more momentous influence exists in Pakistan than Bangladesh.…”

Section: Discussionsupporting

confidence: 65%

Micro-Financing: A Comparative Study of Bangladesh & Pakistan

Khan

Malik

2020

BER

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Purpose: The purpose of the study is to examine impact of micro-financing on poverty alleviation, access to finance and economic growth by comparing Bangladesh and Pakistan.Design/methodology/approach: Panel data of 56 microfinance institutions drawn by simple random sampling from 2002 to 2013 has been collected from financial statements of microfinance institutions and World Bank. Diagnostic tests, variance inflation factor (VIF) and breusch pagan have been applied to check muticollinearity and heteroscedasticity respectively. Data has been analyzed using fixed effect model as indicated by Hausman test.Findings: The analysis evidently authenticates that micro-financing has more significant impact on poverty alleviation and economic growth in Pakistan than Bangladesh. At the same time, access to finance in Bangladesh has more noteworthy impact than that of Pakistan.Originality/value: This study brings to light culmination since beginning of micro-financing on the basis of outcome, experience and comparative regional arrangements helpful for all stakeholders and regulatory authorities in both countries.

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Section: Discussionsupporting

confidence: 65%

Micro-Financing: A Comparative Study of Bangladesh & Pakistan

Khan

Malik

2020

BER

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“…According to [34], the emergence of microfinance is a consequence of the shortcomings of the traditional funding approach. As an integral approach to financial development, microfinance is praised for being a bottom-up financial tool with a sustainable focus.…”

Section: The Role Of Finance In the Startup And Growth Of A Businessmentioning

confidence: 99%

Sustaining Immigrant Entrepreneurship in South Africa: The Role of Informal Financial Associations

Tengeh¹,

Nkem²

2017

Sustainability

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Although immigrants have been found to be particularly likely to engage in entrepreneurial activities in their host countries, very often their ability to do so is restricted by a range of challenges, including having limited access to finances. As a consequence, proactive immigrant entrepreneurs establish informal financial associations, which are known as stokvels in South Africa, in order to compensate for the general lack of available capital for their business ventures. Accordingly, this paper has sought to ascertain the role, which stokvels play in the startups and the growth of Cameroonian-owned businesses, and also the strategies which they employ. A mixed methods approach was adopted to conduct the study and purposive sampling was employed to obtain a research sample of 123 participants to respond to the survey questionnaire and 10 to take part in one-on-one in-depth interviews. The data was analysed through the use of the Statistical Package for Social Sciences (SPSS) software, which generated findings in the form of descriptive statistics. The results suggest that most emerging immigrant entrepreneurs struggle to obtain sufficient startup capital. It also emerged from the findings that stokvels played an equally significant role in providing the capital, which was necessary for the growth of their businesses. On the basis of the assumption that widening access to finance would improve both the startups and the growth of immigrant-owned businesses, the authors of this paper advocate for inclusive policy initiatives, which consider the unique characteristics of the immigrant entrepreneur. In addition, it is hoped that this paper will make a valid contribution to the discourse concerning inclusive finance and be of interest to policy makers and academics.

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“…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%

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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Foreign Aid and Microfinance: A new policy proposal for financing development

Cited by 4 publications

References 0 publications

Micro-Financing: A Comparative Study of Bangladesh & Pakistan

Micro-Financing: A Comparative Study of Bangladesh & Pakistan

Sustaining Immigrant Entrepreneurship in South Africa: The Role of Informal Financial Associations

Microfinance institutions fostering sustainable development

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