Institutional preparedness and sustainability of micro finance institutions during post disaster scenario

Abstract

PurposeThis paper seeks to show how microfinance has contributed to poverty reduction and strengthening the risk management capacity of the poor.Design/methodology/approachConsiders disaster preparedness of micro finance institutions (MFIs) especially in natural disasters, economic crisis and civil conflicts.FindingsFinds that it is essential for MFIs to prepare a strategy for maintaining liquidity in a disaster situation, especially keeping disaster loan funds (DLFs) in reserve to help affected households.Originality/valueSees disaster management as a dynamic process that could ideally be developed during normal times and tested in actual disasters but it requires careful planning and commitment on the part of all stakeholders

Natural Disasters and Economic Growth: The Mitigating Role of Microfinance Institutions

“…Finally, it is documented that the size of the clientele of an MFI influences its capacity to help disaster victims [63,64]. During a disaster and soon after a disaster, many clients need capital to rehabilitate [63]. However, some MFIs are found at the point of a liquidity crisis, given that individual savings and loan repayments are reduced with a disaster.…”

Ispitivanje percepcije rizika o požarima u stambenim objektima - demografski i socio-ekonomski faktori uticaja

“…Не залазећи у шире елаборације припремљености о којима је било речи у претходним истраживањима (Cvetković, 2017a, 2017b; Cvetković & Filipović, 2017; Khan, 2008;Kumar & Newport, 2007;Ozmen, 2006;Simpson, 2008), за потребе рада под припремље-ношћу за пожаре подразумеваће се поседовање: одговарајућег знања о процесима са-горевања, начинима гашења пожара, превентивним мерама; писаних или усмених пла-нова реаговања у таквим ситуацијама; плана евакуације; уређаја за дојаву и гашење пожара (стабилни системи односно приручни апарати -на бази праха, угљен-диоксида итд.) итд.…”

Disaster as Business Risk in SME: An Exploratory Study

“…Business institution should be prepared for disaster. Kumar and Newport (2007) find it is important for business institution to keep their liquidity in a disaster situation. Large and modern business institutions are prepared of disaster risk due to their knowledge and financial capability.…”

“…Keating et al, (2016) and Paton (2003) in his publication mention that promoting disaster preparedness for household and institution is important, however level of disaster preparedness is remaining low. Kumar and Newport (2007) in their work propose that in the time of disaster there should be institutional preparedness to prevent any further damage for the poor. It related with how the poor should protect their job sustainability.…”

“…This presumption based on the fact that most MSME in Surakarta concentrates on surviving their business, while disaster risk has not been considered as threat. Kumar and Newport (2007) and Ainuddin and Routray (2012) suggest that risk protection and risk preparedness of an institution should be a part of disaster risk management. This research aim is to explores and identify disaster risk management which includes perception of risk, risk protection and risk preparedness for MSME.…”