Open Access
An assessment of the contribution of microfinance loans to the growth of micro, small and medium enterprises (msmes) in bulawayo (2009-2013)
Tshuma Nothando
- Vol. 3, Iss: 5, pp 214-218
TLDR
In this article, the authors assess the contribution of micro-finance loans to the growth of MSMEs in Bulawayo (2009-2013) using a descriptive survey design.Abstract:
Deindustrialization in Bulawayo has led to the burgeoning of the informal sector evidenced by the emergence of many MSMEs.The research sought to assess the contribution of Microfinance loans to growth of MSMEs in Bulawayo (2009-2013). The research adopted a descriptive survey design. Primary data was collected through questionnaires and interviews from MSMEs. The research finds strong evidence that the contribution of microfinance loans to growth of MSMEs is not significant. Microfinance Institutions activities in the establishment of new MSMEs is nonexistent with most MSMEs source of funding coming from savings, friends and relatives. The study recommends that Microfinance Institutions engage in extensive marketing research and outreach programmes to MSMEs .This will help them to identify specific needs and design products that are suitable and tailored made for MSMEs.read more
Citations
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Farmers' perceptions of the purposes and challenges of microfinance credit: A case study of the PRIDE RFW credit program for rice production in Mvomero district, Tanzania
TL;DR: Msanya et al. as mentioned in this paper conducted a case study of the PRIDE RFW credit program for rice production in Mvomero district, Tanzania, and found that rice farmers formed groups to obtain loans to improve living standards and to support both farm and nonfarm business activities.
References
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23 Things They Don't Tell You About Capitalism
TL;DR: Ha-Joon Chang's "23 Things They Don't Tell You About Capitalism" as mentioned in this paper turns received economic wisdom on its head to show how the world really works, including: there's no such thing as a 'free' market Globalization isn't making the world richer; we live in a digital world - the washing machine has changed lives more than the internet; poor countries are more entrepreneurial than rich ones; higher paid managers don't produce better results; and we don't have to accept things as they are any longer.
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TL;DR: In this paper, the authors discuss what the Grameen bank is, what it does for the rural poor and at what costs, its sustainability as well as its potential for expansion and replicability.
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TL;DR: A detailed overview of the development of micro-finance over the past 20 years is given in this article, with a global view of microfinance in the developing world (largely excluding Eastern Europe).
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Policies and impact: an analysis of village-level microfinance institutions
TL;DR: In this paper, the authors evaluate the impacts of village-level micro-finance institutions in rural Thailand and find that institutions with good policies can promote asset growth, consumption smoothing and occupational mobility, and can decrease moneylender reliance.
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Learning from failures in microfinance : What unsuccessful cases tell us about how group-based programs work
TL;DR: The Microcredit Summit in Washington as mentioned in this paper has been widely recognized as a seminal moment in the development of micro-finance programs, and the success of microfinance is well known to students of development.