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Informal microfinance institutions and development-led tourism entrepreneurship

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  • Ngoasong, Michael Z.
  • Kimbu, Albert N.

Abstract

This paper explores how informal microfinance institutions (IMFIs) support development-led tourism entrepreneurship through providing microcredit and development opportunities to small tourism firms (STFs), as well as undertaking communitarian projects and outreach activities that promote the business activities of STFs. Drawing on resilience and social capital as central concepts, the paper argues that the form of collective action found in IMFIs can be examined to understand their impact on development-led tourism entrepreneurship. Using Cameroon as a case study important policy challenges in destinations where regulatory constrains cause many STFs to become dependent on IMFIs as opposed to formal (regulated) financial institutions in development-led tourism are highlighted.

Suggested Citation

  • Ngoasong, Michael Z. & Kimbu, Albert N., 2016. "Informal microfinance institutions and development-led tourism entrepreneurship," Tourism Management, Elsevier, vol. 52(C), pages 430-439.
    • Handle: RePEc:eee:touman:v:52:y:2016:i:c:p:430-439
    DOI: 10.1016/j.tourman.2015.07.012
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    2. Haisheng Hu & Keshuai Xu, 2022. "Visualizing the Development of Research on Tourism Resilience With Mixed Methods," SAGE Open, , vol. 12(3), pages 21582440221, September.
    3. Sam Z. Njinyah & Sally Jones & Simplice A. Asongu, 2022. "Revisiting the moderation effect of network on the export barrier –export performance in the Cameroon context," Working Papers 22/073, European Xtramile Centre of African Studies (EXCAS).
    4. Sood, Jyoti & Lynch, Paul & Anastasiadou, Constantia, 2017. "Community non-participation in homestays in Kullu, Himachal Pradesh, India," Tourism Management, Elsevier, vol. 60(C), pages 332-347.
    5. Çakmak, Erdinç & Lie, Rico & McCabe, Scott, 2018. "Reframing informal tourism entrepreneurial practices: Capital and field relations structuring the informal tourism economy of Chiang Mai," Annals of Tourism Research, Elsevier, vol. 72(C), pages 37-47.
    6. Muthana Mohammad Omoush, 2018. "Time Series Analysis among Tourism, Financial Development, FDI and Economic Growth in Jordan," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 10(12), pages 150-150, December.
    7. Kimbu, Albert Nsom & Ngoasong, Michael Zisuh, 2016. "Women as vectors of social entrepreneurship," Annals of Tourism Research, Elsevier, vol. 60(C), pages 63-79.
    8. repec:kqi:journl:2017-1-2 is not listed on IDEAS
    9. Eric Yaw Naminse & Jincai Zhuang, 2018. "Does farmer entrepreneurship alleviate rural poverty in China? Evidence from Guangxi Province," PLOS ONE, Public Library of Science, vol. 13(3), pages 1-18, March.
    10. Nawhath Thanvisitthpon, 2021. "Statistically Validated Component- and Indicator-Level Requirements for Sustainable Thai Homestay Businesses," Sustainability, MDPI, vol. 13(2), pages 1-17, January.
    11. Sam Njinyah & Simplice A. Asongu & Sally Jones, 2022. "The role of mobile money adoption in moderating the influence of access to finance in firm performance," Working Papers of the African Governance and Development Institute. 22/075, African Governance and Development Institute..
    12. Sudeshna Ghosh, 2022. "Female Entrepreneurs in the Hospitality Industry: A Panel Causality Analysis of EU Countries," Arthaniti: Journal of Economic Theory and Practice, , vol. 21(1), pages 93-116, June.
    13. Panagiotis Kotsios, 2023. "Business resilience skills for SMEs," Journal of Innovation and Entrepreneurship, Springer, vol. 12(1), pages 1-22, December.
    14. Irfan Ullah Munir & Shen Yue & Abdelmohsen A. Nassani & Muhammad Moinuddin Qazi Abro & Shabir Hyder & Khalid Zaman, 2021. "Structural changes, financial and business regulatory measures, energy and tourism demand: Evidence from group of seven countries," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(2), pages 2198-2218, April.
    15. Zhou, Lingxu & Chan, Eric & Song, Haiyan, 2017. "Social capital and entrepreneurial mobility in early-stage tourism development: A case from rural China," Tourism Management, Elsevier, vol. 63(C), pages 338-350.
    16. Lall, Saurabh A. & Chen, Li-Wei & Roberts, Peter W., 2020. "Are we accelerating equity investment into impact-oriented ventures?," World Development, Elsevier, vol. 131(C).
    17. Isabel Carrillo-Hidalgo & Juan Ignacio Pulido-Fernández, 2019. "The Role of the World Bank in the Inclusive Financing of Tourism as an Instrument of Sustainable Development," Sustainability, MDPI, vol. 12(1), pages 1-21, December.
    18. Kimbu, Albert Nsom & de Jong, Anna & Adam, Issahaku & Ribeiro, Manuel A. & Afenyo-Agbe, Ewoenam & Adeola, Ogechi & Figueroa-Domecq, Cristina, 2021. "Recontextualising gender in entrepreneurial leadership," Annals of Tourism Research, Elsevier, vol. 88(C).
    19. Shankar Ghimire & Taylor Rigatti & Nicholas Sexton, 2017. "Effect of Credit Cooperatives in Employment Generation: Evidence from Rural Nepal," Journal of Development Innovations, KarmaQuest International, vol. 1(1), pages 29-44, February.
    20. Aquino, Richard S., 2022. "Community change through tourism social entrepreneurship," Annals of Tourism Research, Elsevier, vol. 95(C).
    21. Jude Ndzifon Kimengsi & Mukong Alfred Kechia & Balgah Roland Azibo & Jürgen Pretzsch & Jude Kwei, 2019. "Households’ Assets Dynamics and Ecotourism Choices in the Western Highlands of Cameroon," Sustainability, MDPI, vol. 11(7), pages 1-16, March.

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