"Microfinance institutions (MFIs) must balance financial and social goals. When these coopetitive goals are under threat, which goals do MFIs prefer? Based on the theory of myopic loss aversion, our study aims to assess the immediate effect of the 2016 demonetization in India on MFIs and their loan portfolio performance and on unintended social outcomes. Using the 2016 demonetization in India as a quasi-experiment, we find that MFIs had a lower 30-day and 90-day portfolio at risk (PAR) and implemented better client protection terms. In addition, demonetization had a small but positive effect on developing start-up enterprises and serving more clients below the poverty line. Last, we find that MFIs investing in female client education presented a lower PAR after demonetization. Overall, our study sheds light on the unintended consequences on MFIs as a result of the demonetization event, and it provides policy implications for MFIs."
"The concept of social entrepreneurship emerged as a significant factor that contributes toward public welfare and prosperity. Recent studies showed that social entrepreneurship influences the economic growth and sustainability of the state. Therefore, the underlying aim of this study was to investigate the impact of social entrepreneurship on sustainable economic growth and value creation. This study also undertook to observe the mediating role of innovation in the relationship between social entrepreneurship and sustainable economic growth and between social entrepreneurship and value creation. A questionnaire technique was adopted to obtain data from 343 tour operators in China. The Smart-PLS software was used to analyze the data through the aid of a structural equation modelling (SEM) technique. The results revealed that social entrepreneurship has an effect on sustainable economic growth and value creation. The results also demonstrated that innovation has an effect on sustainable economic growth and value creation. Moreover, it was also observed that innovation mediated the relationship between social entrepreneurship and sustainable economic growth and between social entrepreneurship and value creation."
"This article traces experiments aimed at promoting wider adoption of ‘microinsurance’ – small, simplified insurance policies targeting the poorest. Microinsurance is a central element of a wider turn towards the promotion of ‘resilience’ in global development. The development of commercial markets for microinsurance, however, has failed to meet the expectations of promoters. This article traces the ways that the diverse donor agencies, professional organizations and philanthropic organizations involved in the promotion of microinsurance have responded to these failures, primarily by seeking to articulate basic data infrastructures that might make possible profitable insurance operations."
"Microinsurance emerged out of different but parallel debates about the reformulation and expansion of social protection amidst the devastation of structural adjustment. It was, at least in its initial articulations, explicitly counterposed to the ‘market’-based solutions proffered by the World Bank, the IMF, and their allies. Yet, by the early 2000s, microinsurance and microcredit were being promoted in strikingly similar terms to the approaches they had initially opposed, and by the same actors."
"Most of the existing literature on the effects of microinsurance addresses the impacts on the well-being of low-income families or economic development. This current paper bridges the gap by analyzing the effects of microinsurance on the existing insurance market. Our results show that the competition between micro and conventional insurance will decrease the insurer’s market demand for conventional insurance. Both the premiums and profits of conventional insurance will reduce after providing microinsurance. In the asymmetric case with only one provider, we show that the provider’s premium for conventional insurance and its profit are lower than the non-providers. Our analysis provides guidelines for commercial insurers’ product decisions and gives policy suggestions for the future development of microinsurance."
"To gain a fuller picture of how MSMEs are using digital tools, DAI’s Center for Digital Acceleration partnered with survey firm Ipsos and Meta to administer a large-scale survey across 13 countries: Argentina, Bangladesh, Brazil, Cambodia, Colombia, India, Indonesia, Peru, Philippines, Sri Lanka, Thailand, Vietnam and Mexico. Despite the challenges of the pandemic, our researchers took a face-to-face approach allowing us to compare responses from MSMEs operating both online and off. The country briefs provide an overview of each country’s digital ecosystem and MSME sector, followed by a summary of findings regarding the impact of digital tool usage on MSMEs and economic growth, highlighting differences in the responses among key segments of the surveyed business population within each country."
Climate change and gender inequality are among the world’s most pressing and complex development challenges. Women are catalysts for innovative solutions to tackle climate change. However, their underrepresentation in decision-making processes and labour markets means that women are prevented from fully contributing to climate-related planning, policy-making and implementation. Recently, WUSC joined partners in celebrating the development of a new roadmap for climate finance and marked the culmination of a unique project at the intersection of climate finance and gender implemented by a consortium of partners including ANDE and AKFC and generously funded by Global Affairs Canada. The purpose of the Roadmap is to present recommendations to donors on how to facilitate women climate entrepreneurs’ access to appropriate climate finance, contributing to greater equality and inclusion in sub-Saharan Africa while advancing innovative and transformative women-led climate solutions.
"Social Norms are the rules that govern behavior. Gender norms are social norms defining acceptable and appropriate actions for women and men in a given group or society. They are embedded in formal and informal institutions, nested in the mind, and produced and reproduced through social interaction. They play a role in shaping women and men’s (often unequal) access to resources and freedoms, thus affecting their voice, power and sense of self.
The purpose of this study was to gain quantitative and qualitative information about social and gender norms affecting women entrepreneurs in Vietnam related to childcare responsibilities, who should be the breadwinner and who is upholding these norms. The focus group consisted of growth-oriented entrepreneurs with two or more employees and who have been in business for at least two years."
Social Norms are the rules that govern behavior. Gender norms are social norms defining acceptable and appropriate actions for women and men in a given group or society. They are embedded in formal and informal institutions, nested in the mind, and produced and reproduced through social interaction. They play a role in shaping women and men’s (often unequal) access to resources and freedoms, thus affecting their voice, power and sense of self.
The purpose of this study was to gain quantitative and qualitative information about gender norms faced by women entrepreneurs in Pakistan related to childcare responsibilities and financial decision making and responsibility, which impact a woman’s ability to run and grow her own business. The focus group consisted of growth-oriented entrepreneurs with two or more employees and who have been in business for at least two years.
"Social Norms are the rules that govern behavior. Gender norms are social norms defining acceptable and appropriate actions for women and men in a given group or society. They are embedded in formal and informal institutions, nested in the mind, and produced and reproduced through social interaction. They play a role in shaping women and men’s (often unequal) access to resources and freedoms, thus affecting their voice, power and sense of self.
The purpose of this study was to identify gender barriers, perceptions and factors that limit shared responsibility in the home and which influence the low participation of men in domestic and care work. The study was also conducted to identify, with the participants, intervention strategies that promote behavioral change around shared responsibility. Qualitative interviews covered individual beliefs, family and societal expectations and challenges. The focus group consisted of growth-oriented entrepreneurs with two or more employees and who have been in business for at least two years."