Purpose
The purpose of this paper is to review different microfinance products and services that can be offered to reduce the financial vulnerabilities of communities at risk. Following a detail literature review, the effectiveness of different forms of microfinance services in creating resilience in the affected communities was analysed and whether they can be applied to mitigate the risk of future disasters was assessed. In addition, the study was conducted to assess whether microcredit can help reduce direct risk exposure of the poor through income smoothing.
Design/methodology/approach
This study is based on a review of existing theories.
Findings
The notion that most vulnerable communities are financially weak is evident from studies. This study finds that microcredit can help reduce direct risk exposure of poor through income smoothing, while saving can help them recover from the losses of disasters. Our review also suggests that there is no specific model of microfinance services which can have a holistic impact on the financial capacity-building, particularly during the rehabilitation process.
Research limitations/implications
There are different categories of microfinance products with distinct characteristics and associated benefits to the communities. Some of the major microfinance products as identified in this study are, saving products, credit products and insurance products. These products have multidimensional benefits, as there are many approaches adopted by microfinance institutions (MFIs) and clients regarding the use of these products. However this study focuses on the use of these products towards resilience development in the community. Other applications of these products still need to be explored.
Practical implications
There is a need for a comprehensive financial tool that can be effectively applied to expedite the process of rehabilitation and reduce the financial impact of disasters on the community, particularly the poor. Major issues in the context of disasters faced by MFIs to design their products in the affected areas are also highlighted in the study.
Social implications
The study throws lights on different microfinancial tools such as microloans, microcredits and cash for work, etc. offered by banks and other organizations and highlights their role in the rehabilitation and reconstruction of those affected by disasters in different parts of the world.
Originality/value
This paper contributes to the discourse of microfinance and its social applications in developing countries. It provides original role of microfinance as a tool for creating community resilience to the impacts of disasters.
Strategic orientations like Market orientation (MO) and Learning orientation (LO) play critical role in improving the performance of both large and small scale businesses. This paper investigate the relationship between LO and organizational performance with MO as moderator. The current study reports the findings of two hundred and seven owners or managers of Small and Medium Sized Enterprises (SMEs) in Pakistan. The findings of the study indicate a positive relationship between LO and organizational performance. Mo was found to have moderated the direct relationship between LO and organizational performance. This study is among the few attempts made to systematically examine the interplay among MO, LO and organizational performance in SMEs operating in Pakistan.
Background
Burnout is a work-related physical and/or emotional exhaustion among individuals working in the human service sector. This descriptive cross-sectional study aimed to estimate the prevalence of burnout among interns training in different hospitals in Riyadh, Saudi Arabia, and its relation to engaging in unethical behaviors.
Results
The study found a high burnout level in 135 (50%) of the interns with minimal overall engagement in unethical behaviors (5.9%). However, patient-related burnout was the only factor found with a highly significant association to engagement in unethical behaviors (P-value < 0.001).
Conclusions
This study demonstrated a high prevalence of burnout among interns with a significant association between patient-related burnout and the engagement in unethical behaviors. That was a worrying sign that needs further evaluation in future research, including the other risk factors, to prevent/improve burnout and to limit the unprofessional behaviors.
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