The Strategic Challenges of a Social Innovation: The Case of <scp>R</scp>ang <scp>D</scp>e in Crowdfunding

Ashta, Arvind; Assadi, Djamchid; Marakkath, Nadiya

doi:10.1002/jsc.1994

Cited by 20 publications

(12 citation statements)

References 28 publications

(33 reference statements)

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“…For example, Fonrouge (2017) shows that several French diasporic crowdfunding platforms charge backers commissions ranging from 5% to 9% and do not pay any interest to backers. Ashta et al (2015) show that commissions are even higher when microfinance institutions act as local crowdfunding partners. However, we further expect that the willingness to accept lower returns will decrease overtime and with generational distance -for example, we expect that second-and third-generation investors will be being less inclined to sacrifice their utilitarian gains compared with their first-generation counterparts (Terrazas, 2010).…”

Section: Utilitarian Motivationsmentioning

confidence: 98%

Motivations and barriers to crowdlending as a tool for diasporic entrepreneurial finance

Fonrouge

Bolzani

2018

IJEIM

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The flow of money from members of diasporas and their descendants back to their homelands is significant. In fact, such investments, when made in the form of loans aimed at sustaining entrepreneurship, can contribute to the economic development of the diaspora's home country. Given the increasing relevance of crowdlending as a method of entrepreneurial finance in developing countries, what are the factors that motivate diasporans to invest through online crowdlending instead of through more traditional options, and what barriers hinder them from doing so? We present a theoretical analysis that draws on the existing literature on crowdfunding and transnational entrepreneurship combined with field interviews with three founders of online diasporic platforms. We discuss the variables that must be taken into account when explaining the motivations of diasporans and the barriers hindering their engagement in online microlending. Several areas are highlighted for future theoretical and empirical research to study this largely under-researched phenomenon.

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Section: Utilitarian Motivationsmentioning

confidence: 98%

Motivations and barriers to crowdlending as a tool for diasporic entrepreneurial finance

Fonrouge

Bolzani

2018

IJEIM

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“…Researchers also investigate if equity can help balance the stress of microfinance organizations, notably private equity (Ashta & Hudon, 2012; Hannam & Cheng, 2012), public equity (Daher & Saout, 2017), and microequity that could be both offline (Estapé‐Dubreuil, Ashta, & Hédou, 2012) or online (Kim & Moor, 2017). Online crowdequity is a segment of the broader area of crowdfunding, which itself is a way of financing entrepreneurs directly (Royal & Windsor, 2014) or indirectly through brick‐and‐mortar institutions such as Kiva in the US or Rangde in India (Ashta, Assadi, & Marakkath, 2015). These direct lending online platforms focus a lot on trust issues, moderated by relationship proximity and expertise of their stakehoders (Attuel‐Mendès, Caseau, & Bonescu, 2017).…”

Section: Research Directionsmentioning

confidence: 99%

Microfinance and financial inclusion: Challenges and opportunities

Milana

Ashta

2020

Strategic Change

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Lifting the poor from poverty through financial and social inclusion is the ultimate target and raison d'etre of microfinance. As the most recent literature has recognized, microfinance institutions have economically worked well in operating microcredit, but the aim of raising the living standard of their indigent clients has not been generally met. The expected encouragement of entrepreneurship from microcredit is still not detected in the empirical data, let alone women's social integration in working activities. The articles collected in this thematic issue bring new empirical elements of discussion pointing to many aspects of the social divides and the inequalities that plague the emerging countries. This overview article recalls the main questions that are still open and the framework of topics discussed in this thematic issue.

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“…Regulation of crowdfunding will play a critical role in reducing the funding gap for start-ups and SMEs, as well as people in the low-income band. Crowdfunding platforms must also find an appropriate legal status (Ashta et al, 2015;Borello et al, 2015).…”

Section: Lending-based Crowdfundingmentioning

confidence: 99%

The Case of Crowdfunding in Financial Inclusion: A Survey

Kim

Moor

2017

Strategic Change

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The Strategic Challenges of a Social Innovation: The Case of Rang De in Crowdfunding

Abstract: A crowdfunding site in a developing country like India faces strategic challenges due to both supply‐side and demand barriers in the social lending market.

Cited by 20 publications

References 28 publications

Motivations and barriers to crowdlending as a tool for diasporic entrepreneurial finance

Motivations and barriers to crowdlending as a tool for diasporic entrepreneurial finance

Microfinance and financial inclusion: Challenges and opportunities

The Case of Crowdfunding in Financial Inclusion: A Survey

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