Search result: 1 articles

x
The search results will be filtered on:
Journal The Dovenschmidt Quarterly x
Article

Access_open Microfinance: Dreams and Reality

Journal The Dovenschmidt Quarterly, Issue 2 2013
Keywords microfinance, economic development, microfinance success, Institutions, law and economics
Authors Katherine Helen Mary Hunt
AbstractAuthor's information

    Microfinance is an area of research whose popularity is reflected by the unique potential for wide-ranging socioeconomic outcomes that support political goals unmatched by alternative avenues for financial support. However, despite the large amounts of financial resources funding microfinance across the world, and glorious potential economic benefits, there is no consensus regarding the success or failure of microfinance in achieving socioeconomic political goals. This article examines the empirical literature on microfinance to establish where microfinance has developed from, the organization of microfinance institutions (MFIs), the success or failure of microfinance, and future research methodological possibilities. It has been found that the success or failure of microfinance depends on the benchmarks to which it is measured. From a social empowerment perspective, microfinance success has been observed. However, from an economic development perspective the results are equivocal. The success of microfinance is related to the mission of DQ because of the interdisciplinary approach to research and the effects of microfinance across social and economic fields. Further, microfinance continues to be an avenue for the practical realization of corporate social responsibility (CSR) organizational goals and thus it is of relevance to evaluate success in this industry to ensure the efficient and continued achievement of political goals.


Katherine Helen Mary Hunt
Erasmus University Rotterdam, Rotterdam Institute of Law and Economics.
Showing 1 result
You can search full text for articles by entering your search term in the search field. If you click the search button the search results will be shown on a fresh page where the search results can be narrowed down by category or year.