Commercial Microfinance and Social Responsibility: A Critique
AbstractWorking within the logic of maximising investor returns, the strategic focus of Indian microfinance institutions seems to have shifted from serving the poor borrowers to chasing profits. The commercial transformation of MFIs has been accompanied by changes in the structure of ownership, management and nature of their stakeholder commitment. This essay discusses some of the critical inadequacies in the approaches advocated and currently practised by the commercial MFIs in order to restore the sector’s focus on poor borrowers.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 24412.
Date of creation: 31 Jul 2010
Date of revision:
Publication status: Published in Economic and Political Weekly 31.XLV(2010): pp. 32-37
commercial microfinance; social responsibility; India;
Find related papers by JEL classification:
- M14 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - Corporate Culture; Social Responsibility
- A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-08-28 (All new papers)
- NEP-CWA-2010-08-28 (Central & Western Asia)
- NEP-MFD-2010-08-28 (Microfinance)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Pathak, Akhileshwar & Sriram M S, . "Community at the Core: A Study of Sarvodaya Nano Finance Limited," IIMA Working Papers WP2004-10-04, Indian Institute of Management Ahmedabad, Research and Publication Department.
- Sriram M S, . "Commercialisation of Microfinance in India: A Discussion on the Emperor’s Apparel," IIMA Working Papers WP2010-03-04, Indian Institute of Management Ahmedabad, Research and Publication Department.
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