| Title |
Developing a microfinance model to break the cycle of poverty |
| ID_Doc |
74490 |
| Authors |
Garrity, P; Martin, C |
| Title |
Developing a microfinance model to break the cycle of poverty |
| Year |
2018 |
| Published |
Business Horizons, 61, 6 |
| DOI |
10.1016/j.bushor.2018.07.002 |
| Abstract |
Multigenerational poverty is common in developing countries. Illiteracy, poor health, and unemployment compound a person's ability to break the cycle of poverty. In this article, we break down the process of designing, testing, and implementing a microfinance model to help end multigenerational poverty in an impoverished refugee village in Uganda. We describe key decisions in developing the model and assess its effectiveness as an instrument in achieving this service objective. We believe our grassroots primary research can benefit many NGOs that might be contemplating lending programs in developing nations, as well as other collegiate institutions interested in implementing sustainable programs that allow students the opportunity to work on global issues in developing nations. (C) 2018 Kelley School of Business, Indiana University. Published by Elsevier Inc. All rights reserved. |
| Author Keywords |
Microfinance; Informal economy; Student engagement; Social impact; Entrepreneurship; Developing nations |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Social Science Citation Index (SSCI) |
| EID |
WOS:000450375600015 |
| WoS Category |
Business |
| Research Area |
Business & Economics |
| PDF |
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