Unilateral microfinance? The commercial roots of entrepreneurial diversity

Subalova, Madina, Al-Dajani, Haya and Bika, Zografia ORCID: https://orcid.org/0000-0002-2970-2941 (2015) Unilateral microfinance? The commercial roots of entrepreneurial diversity. In: Research Handbook on Entrepreneurial Finance. Edward Elgar Publishing, p. 229. ISBN 9781783478781

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Formal credit markets in developing countries are less advanced and therefore, obtaining external funding is difficult for entrepreneurs. As such, microfinance can be a viable alternative solution. This study demonstrates the diverse structure of the microfinance sector and the crucial role of commercial microfinance as a growth trigger in Kazakhstan. By drawing on data from six in-depth interviews with key microfinance industry informants and 155 structured interviews with entrepreneurial users of microfinance lending in Kazakhstan, we found that commercial and outreach microfinance organizations (MFOs) have differing capital structures and evaluation criteria and serve different types of entrepreneurs. Although commercial MFOs distance themselves from poor entrepreneurs, their role in supporting entrepreneurship is important as they provide ongoing funding access and, therefore, tackle entrepreneurs’ working capital dilemmas.

Item Type: Book Section
Uncontrolled Keywords: business and management,corporate governance,entrepreneurship,economics and finance,financial economics and regulation,sdg 1 - no poverty,sdg 5 - gender equality,sdg 8 - decent work and economic growth ,/dk/atira/pure/sustainabledevelopmentgoals/no_poverty
Faculty \ School: Faculty of Social Sciences > Norwich Business School
UEA Research Groups: Faculty of Social Sciences > Research Groups > Migration Research Network
Faculty of Social Sciences > Research Groups > Strategy and Entrepreneurship
Faculty of Social Sciences > Research Groups > Marketing
Depositing User: Pure Connector
Date Deposited: 19 Dec 2015 07:26
Last Modified: 30 Mar 2023 15:32
URI: https://ueaeprints.uea.ac.uk/id/eprint/55832
DOI: 10.4337/9781783478798.00019

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