Norms and Values of the Various Microfinance Institutions
AbstractThis article studies the role of norms and values in the microfinance sector. Microfinance projects implemented in India use a wide range of different organizational structures. A classification of the sector is proposed, mapping the institutions along two axes: the profit motive (profit vs. not-for-profit) and the decision making style (centralized vs. un-centralized). Some Microfinance Institutions (MFIs) base their interactions on rigid norms or rules; while others are based on values. We argue that the private sector will tend to produce the operating rules of the microfinance system while the not-for-profit institutions that are using an inclusive decision-making process are more likely to influence the ethical norms in the sector. Nevertheless, this classification is not static as recent events in South-India shows that norms, such as the interest rates, can be politically and emotionally invested to the point that they are about to become values in the sector.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by ULB -- Universite Libre de Bruxelles in its series Working Papers CEB with number 08-006.RS.
Length: 29 p.
Date of creation: 2008
Date of revision:
Publication status: Published by:
Contact details of provider:
Postal: CP114/03, 42 avenue F.D. Roosevelt, 1050 Bruxelles
Phone: +32 (0)2 650.48.64
Fax: +32 (0)2 650.41.88
Web page: http://difusion.ulb.ac.be
More information through EDIRC
microfinance; norms; values; India; inclusive;
Other versions of this item:
- Marek Hudon, 2008. "Norms and values of the various microfinance institutions," International Journal of Social Economics, Emerald Group Publishing, vol. 35(1), pages 35-48, January.
- Marek Hudon, 2008. "Norms and values of the various microfinance institutions," ULB Institutional Repository 2013/14208, ULB -- Universite Libre de Bruxelles.
- NEP-ALL-2008-03-08 (All new papers)
- NEP-CWA-2008-03-08 (Central & Western Asia)
- NEP-MFD-2008-03-08 (Microfinance)
- NEP-SOC-2008-03-08 (Social Norms & Social Capital)
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Paul, Bénédique & Garrabé, Michel, 2011.
"Le capital institutionnel dans l'analyse du développement : Prolongement théorique et premier test empirique
[Institutional Capital in Economic Development Analysis: Theoretical Continuation and ," MPRA Paper 39016, University Library of Munich, Germany.
- Koen Rossel-Cambier, 2011. "Is Combined Microfinance an Instrument to enhance Sustainable Pro-Poor Public Policy Outcomes?," Working Papers CEB 11-013, ULB -- Universite Libre de Bruxelles.
- Marc Labie & Anaïs Périlleux, 2008. "Corporate governance in microfinance: credit unions," Working Papers CEB 08-003.RS, ULB -- Universite Libre de Bruxelles.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Benoit Pauwels).
If references are entirely missing, you can add them using this form.