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The contextualization of a microfinance model: From India to South Africa

✍ Scribed by Lin Lerpold

Publisher
John Wiley and Sons
Year
2011
Tongue
English
Weight
202 KB
Volume
54
Category
Article
ISSN
1096-4762

No coin nor oath required. For personal study only.

✦ Synopsis

Abstract

Microfinance has come to be seen as the β€œmagic bullet” to alleviate poverty across the world. Focus has been on scaling up β€œsuccessful” models within, and beyond, singular cultural settings. We explore why different stakeholder groups perceived the same microfinance model as successful in India, yet less successful in South Africa. The study is an explorative case study, combining the literature on social capital and contextualization, and suggests that historical, socioeconomic, and legislative antecedents to social capital in India are different in South Africa, thus resulting in a lower perception of microfinance success in South Africa. Β© 2012 Wiley Periodicals, Inc.

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