Microfinance practices in Malaysia: from 'kootu' concept to the replication of the Grameen Bank model Online publication date: Sat, 28-Feb-2015
by Nazatul Shima Abdul Rani, Nazaruddin Hamit, Cecelia Anthony Das, Junaid M. Shaikh
J. for International Business and Entrepreneurship Development (JIBED), Vol. 5, No. 3, 2011
Abstract: This research analysis is on microfinance practice and its contributions towards the sustainability and development of women entrepreneurs in Malaysia. In fact, in Malaysia most of the participants who received the benefit of microfinance are single mothers. Consequently, microfinance emerged as an economic development approach intended to address the financial needs of deprived groups in the society. The concept of 'kootu' is an alternative form of microfinance practice and henceforth, the paper provides a distinction between the 'kootu' concept and the Grameen Bank model. The barriers and prohibition of 'kootu' concept financing are not formalised, and only applicable to entrepreneurs who could not get access to the formal financial support. Major drawbacks of 'kootu' financing include the absence of insurance coverage, ceasing membership and risk of losing money contributed in the system.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the J. for International Business and Entrepreneurship Development (JIBED):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com
Our Blog 
Follow us on Twitter 
Visit us on Facebook