Microfinance: A Poverty Reduction Tool, Socio-Economic Prospective

Autor:	Ada Jaffery, Dawood Mamoon
Jazyk:	angličtina
Rok vydání:	2015
Předmět:	Microfinance Poverty Social and Economic Development Institutional Design Non Government Organizations. Management. Industrial management HD28-70 Business HF5001-6182
Zdroj:	Journal of Management and Research, Vol 1, Iss 2, Pp 26-30 (2015)
Druh dokumentu:	article
ISSN:	2218-2705 2519-7924 77004221
Popis:	This paper aims to critically evaluate the microfinance approach in social and economic perspective. Critical analysis reveals that microfinance can be used as an efficient tool to reduce poverty, thus contributing towards economic as well as social development. Moreover, paper highlights the role of institutional design and indicates that microfinance institutions working on the lines of non government organizations and following the double bottom line approach performs better than the other institutional frameworks. Joint liability and the role of group leader are eminent in enhancing the performance of these institutions. Poverty can be decreased if microfinance institutions are driven in a more systematic mannerkeeping in mind primarily the well being of society.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/239ec6aa11074f94b1cde7700422171e Zobrazit plný text záznamu View record in DOAJ