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Do Field Partners Add Value To Crowdfunded Microfinance? An Industry Approach

Author

Listed:
  • ROBERTO MORO-VISCONTI

    (Dipartimento di Scienze dell’Economia e della Gestione Aziendale, Università Cattolica del Sacro Cuore, 20123 Milan, Italy)

  • SALVADOR CRUZ RAMBAUD

    (Departamento de Economía y Empresa, Universidad de Almería, 04120 Almería, Spain)

  • JOAQUà N LÓPEZ PASCUAL

    (Departamento de Economía de la Empresa, Universidad “Rey Juan Carlos†, 28032 Madrid, Spain)

Abstract

The framework of this study is the field of crowdfunded microfinance that represents a way to scale up financial access, leveraging digital technology applications. A key element of this value chain is the field partner, represented by a local Microfinance Institution (MFI) that intermediates between the crowdfunding platform and the individual borrowers or group of borrowers. In this context, the main objective of this paper is to measure the financial and prosocial contributions of field partners through crowdfunded microloans. Methodologically, this prosocial impact is measured with an innovative approach, by using network theory to describe the supply and value chains that link crowdfunding investors to field partners and, consequently, to micro-borrowers. The main contribution of this study is the introduction of a global indicator able to quantify the increase of the social impact and the financial system of a country, coming from the presence of ESG-compliant crowdfunded microloans.

Suggested Citation

  • Roberto Moro-Visconti & Salvador Cruz Rambaud & Joaquã N Lã“Pez Pascual, 2022. "Do Field Partners Add Value To Crowdfunded Microfinance? An Industry Approach," Journal of Financial Management, Markets and Institutions (JFMMI), World Scientific Publishing Co. Pte. Ltd., vol. 10(02), pages 1-26, December.
    • Handle: RePEc:wsi:jfmmix:v:10:y:2022:i:02:n:s2282717x22500074
    DOI: 10.1142/S2282717X22500074
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    More about this item

    Keywords

    Microlending; digital networks; sustainable development goals; ESG; group lending; Kiva;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G51 - Financial Economics - - Household Finance - - - Household Savings, Borrowing, Debt, and Wealth
    • O35 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Social Innovation

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