A waterfall model of microfinance: innovation and entrepreneurship for sustainable development
by Kunal
International Journal of Business and Globalisation (IJBG), Vol. 10, No. 4, 2013

Abstract: Microfinance is considered as investment asset. Investors create special purpose vehicle (SPV) in the form of microfinance institutions (MFIs), which is aimed to promote entrepreneurship among its clients to achieve ultimate goal of poverty alleviation for development. This research finds that MFIs are deviating from their ultimate goal of poverty alleviations and getting engaged in subsistence work, which is a major obstacle in the success of microfinance institutions. Against this background, a 'waterfall model of microfinance' is proposed, which helps in defining scope of innovation for entrepreneurship and its sustainability for development. A number of evidences against each possible dimensions of innovation to promote entrepreneurship are provided. These evidences establish validity of model theoretically. This model reveals that market-based solution is not sufficient and there is need of intervention by state.

Online publication date: Fri, 13-Dec-2013

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
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 International Journal of Business and Globalisation (IJBG):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your 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