Alleviating poverty through microfinance: Village banking outcomes in Central America

Hiatt, Shon R.; Woodworth, Warner

doi:10.1016/j.soscij.2006.04.017

Cited by 38 publications

(23 citation statements)

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“…The definition is considered apt for current purposes because it reconciles specific differences in organisational attributes such as religious versus secular organisations, and clearly distinguishes a social enterprise from a non-government organisation. This definition is also considered appropriate for research which examines social entrepreneurship from a socio-economic perspective (Crowell 2004;Hiatt and Woodworth 2006;Weerawardena and Mort 2001).…”

Section: Literature Reviewmentioning

confidence: 99%

Social Entrepreneurship in Indonesia: Lessons from the Past

Idris

Hati

2013

Journal of Social Entrepreneurship

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The study examined, through a balanced review of western and post-colonial literatures, the development of social entrepreneurship in Indonesia prior to its independence in 1945. Findings suggest that policies imposed by the Dutch government had a considerable influence on the growth of social movement organisations in the former colony. Furthermore, these organisations had used social entrepreneurship strategies to achieve the mission of empowering native communities and mobilising them towards independence. Other factors which contributed to the growth of social entrepreneurship in the era were the influence of Islam and Javanese aristocratic leadership. Taken in the context of Indonesia's post-colonial socio-economic environment, these findings suggest that its current social entrepreneurship growth is likely to depend on three main factors: perceived degree of economic empowerment by indigenous groups as a result of social entrepreneurship, Islamic identity of social enterprises and social activism.

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Section: Literature Reviewmentioning

confidence: 99%

Social Entrepreneurship in Indonesia: Lessons from the Past

Idris

Hati

2013

Journal of Social Entrepreneurship

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“…In its short history, microfinance has generated much hope for alleviating poverty throughout the world by encouraging self-employment and enterprise development (Brau, Hiatt and Woodworth, forthcoming;Hiatt and Woodworth, 2006). Offering these financial services to poor entrepreneurs has improved individual lives and served as an engine of growth for entire economies.…”

Section: Microfinance and The Cooperative Modelmentioning

confidence: 99%

The Value of Networks in Enterprise Development: Case Studies in Eastern Europe and Southeast Asia

Morris

Woodworth

2006

J. Dev. Entrepreneurship

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This study proposes that cooperative efforts in microlending aid economic development and poverty alleviation in transitioning and developing countries by creating networking systems in which people can expand their businesses through working capital and community cooperation. Two field studies are used to validate the authors' claims. The first examines a microfinance cooperative structure in Bulgaria as a means to secure credit, savings, technical support and networking opportunities for cooperative members. The second looks at a cooperative microfinance institution in the Philippines that appears to create greater socio-economic growth for poor entrepreneurs as well as NGO financial viability. Both studies suggest that cooperative microlending leads to high survival rates and success of self-employed entrepreneurs by facilitating social capital through their organizational processes.

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“…Adding to this pool of literature various noteworthy studies were conducted to capture the diverse dimensions of microfinance, for example, the theory on joint liability in group lending and repayment (Besley and Coate 1995), graduation from group lending to successful repayment (Rahman 1999), importance of social intermediation and participatory approach for sustainable village banks (Bennett et al 1996), financial intermediation roles of nongovernment organizations (Hiatt and Woodworth 2006), association between repayments and sustainability in thrift and credit groups (Handa and Kirton 1999), peer selection and joint liability in group lending (Ghatak 1999), rural poverty alleviation and development in developing nations (Khandker et al 1998;Mosley 2001;Hiatt and Woodworth 2006), microcredit lending models (Dasgupta 2005), fungibility of money and control on credit usages (Goetz and Sengupta 1996), women empowerment and gender roles (Kabeer 2005), importance of public resources, capital market and financial institutions in microfinance programmes (Mahajan 2005), microfinance impacts especially income effect, consumption effect, saving employment effect, empowerment effect, literacy effect (Morduch 1995;Khandker et al 1998;Rutherford 1998;Coleman 1999;Panda and Atibudhi 2010), impact assessment methodologies (Hulme 2000a;Karlan 2001) and the darker side of microfinance (Hulme 2000b).…”

Section: Introductionmentioning

confidence: 99%

Trust, Social Capital, and Intermediation Roles in Microfinance and Microenterprise Development

Panda

2016

Voluntas

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This study examines the role of trust and intermediation functions in microfinance and microenterprise development. Fifteen Self-help Groups (SHGs) were selected from three different locations in India for Focus Group Discussions (FGDs) and in-depth personal discussions. The peer trust was found higher than the intermediation trust during the microfinance group formation as well as group operations. The level of intermediation trust was higher than the peer trust during microenterprise development. The entry level trust was cognitive in nature, and transformed to 'affective peer trust' and 'affective intermediation trust' at the operational level. Trust was found to be the causality of social capital in SHGs. Intermediation trust was higher for early adopters of entrepreneurship than that of the late adopters. In case of microentrepreneur, the cognitive intermediation trust was transformed to affective intermediation trust with the passage of time.Résumé Cette étude examine le rôle de la confiance et des fonctions d'intermédiation dans le développement du microfinancement et des microentreprises. Quinze groupes d'entraide ont été sélectionnés dans trois endroits différents d'Inde pour des discussions de groupe ciblées et des discussions personnelles approfondies. Il a été constaté que la confiance entre homologues était supérieure à la confiance d'intermédiation au cours de la formation du groupe de microfinance et les opérations de groupe. Le niveau de la confiance d'intermédiation était supérieur à la confiance entre homologues au cours du développement des microentreprises. La confiance de départ était de nature cognitive et était transformée en « confiance affective entre homologues » et en « confiance d'intermédiation affective » au niveau opérationnel. Il a été constaté que la confiance était la causalité du capital social dans les groupes d'entraide. La confiance d'intermédiation était supérieure pour les adopteurs précoces de l'entrepreneuriat à celle des adopteurs tardifs. Dans le cas du microentrepreneur, la confiance d'intermédiation cognitive était transformée en confiance d'intermédiation affective avec le temps.Zusammenfassung Diese Studie untersucht die Rolle von Vertrauens-und Vermittlungsfunktionen bei der Entwicklung der Mikrofinanzierung und von Mikrounternehmen. Es wurden 15 Selbsthilfegruppen aus drei verschiedenen Orten in Indien für Fokusgruppendiskussionen und ausführliche persönliche Gespräche ausgewählt. Man stellte fest, dass das Peer-Vertrauen bei der Gründung der Mikrofinanzgruppe sowie den Gruppentätigkeiten größer war als das Vermittlungsvertrauen. Während der Entwicklung des Mikrounternehmens war das Vermittlungsvertrauen größer als das Peer-Vertrauen. Das Vertrauen auf der Einstiegsstufe war kognitiver Art und wandelte sich auf der betrieblichen Ebene in ,,affektives Peer-Vertrauen''und ,,affektives Vermittlungsvertrauen''. In den Selbsthilfegruppen erwies sich das Vertrauen als die Kausalität des sozialen Kapitals. Das Vermittlungsvertrauen war bei frühen Teilnehmern der Unterneh...

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Alleviating poverty through microfinance: Village banking outcomes in Central America

Cited by 38 publications

References 4 publications

Social Entrepreneurship in Indonesia: Lessons from the Past

Social Entrepreneurship in Indonesia: Lessons from the Past

The Value of Networks in Enterprise Development: Case Studies in Eastern Europe and Southeast Asia

Trust, Social Capital, and Intermediation Roles in Microfinance and Microenterprise Development

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