Journal of Business Ethics 88 (2):283 - 299 (2009)
|Abstract||Micro Credit (MC) programs lend money to poor borrowers using innovative mechanisms such as group lending under joint liability while successfully accounting for the presence of asymmetric information in underdeveloped financial markets. MC programs have achieved what the conventional financial institutions and the government have not been able to: lend to the poor, impressive loan recuperation, and a positive impact in poverty reduction. This article analyzes the performance of ALSOL, an MC program in Chiapas, México, for 2151 participants in urban and rural areas for the time period between July 2000 and July 2001. While loan recuperation is high (95%), administrative costs also remain high. Socially responsible lenders and donors play a key role in providing continuous funding to MC programs and assisting in reducing the level of poverty|
|Keywords||Micro Credit poverty reduction joint liability and group lending social responsibility|
|Categories||categorize this paper)|
|Through your library||Configure|
Similar books and articles
Ravinder Rena (2008). Women's Enterprise Development in Eritrea Through Microfinance. ICFAI University Journal of Entrepreneurship and Development 5 (3):41-58.
Marek Hudon (2009). Should Access to Credit Be a Right? Journal of Business Ethics 84 (1):17 - 28.
Maria Richards, Paul Palmer & Mariana Bogdanova (2008). Irresponsible Lending? A Case Study of a U.K. Credit Industry Reform Initiative. Journal of Business Ethics 81 (3):499 - 512.
Norberto Valdez (2000). “Low Intensity Conflict” for Whom?: U.S. Policy and Chiapas, Mexico. Radical Philosophy Review 3 (1):75-86.
Ellen J. Lippman (2008). Biblical Safeguards and Traditions as Potential Guidance for the Lending of Monies. Journal of Business Ethics 78 (1-2):109 - 120.
Oscar Javier Cárdenas Rodríguez (2009). Poverty Reduction Approaches in Mexico Since 1950: Public Spending for Social Programs and Economic Competitiveness Programs. [REVIEW] Journal of Business Ethics 88 (2):269 - 281.
Added to index2009-12-21
Total downloads10 ( #114,297 of 722,765 )
Recent downloads (6 months)1 ( #60,247 of 722,765 )
How can I increase my downloads?