Scaling Microfinance: Local Resources as a Pathway to Growth.

Autor: Spicer, Andrew, Ault, Joshua, Chanyong Yoo, Dowla, Asif
Zdroj: Academy of Management Annual Meeting Proceedings; 2023, Vol. 2023 Issue 1, p3591-3591, 1p
Abstrakt: While previous studies have demonstrated that entrepreneurial firms that mobilize locally oriented resources improve their ability to scale deeply by adding a greater range of services for low-income customers in a single community, they also propose that a local resource mobilization strategy is likely to limit a firms' long-term ability to scale broadly across multiple locales. In contrast, we propose that pathways to growth at Grameen Bank represent a case where an entrepreneurial firm scaled both deeply and broadly to serve the poor, funded primarily through local resources. Through an in-depth, longitudinal analysis, we examine how Grameen's unexpected success in scaling its microsavings business as an independent marketplace in its own right acted over time as a source of local capital to scale its branch network and microcredit activities across Bangladesh. Based on the Grameen case experience, we propose that scaling deeply through offering new types of services may create entrepreneurial opportunities that create new value for the poor and allow the firm to capture local resources capable of expanding growth and expansion over time. [ABSTRACT FROM AUTHOR]
Databáze: Complementary Index