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Why Microfinance in RICH Developed Countries?
University of Gävle, Faculty of Education and Business Studies, Department of Business and Economic Studies, Business administration.ORCID iD: 0000-0001-9080-2629
2018 (English)In: XIX ISA World Congress of Sociology: Book of Abstracts, 2018, p. 329-329Conference paper, Oral presentation with published abstract (Refereed)
Abstract [en]

This research deals with microfinance. Microcredit means giving people access to financial resources to borrow a small amount of money to invest in income generating context related to business activities. The study analyzes how microfinance is structured and its influence on business development in Sweden. A multiple case study is applied for data collection. Qualitative data have been collected in form of semi-structured interviews. Direct observation and documents have also been used as data source. The study shows that microfinancecontributes to development of sustainable enterprises and innovative product and services development. It is argued that microfinance leads to sharing risk and financing projects in social enterprises, cooperative businesses and associations. It provides people with social networks, enhances their independence, empowers them and improves the quality of their life by generating economic resources. We suggest future comparative studies on the influence of microfinance on business development and women empowerment in emerging economies and developed countries.

Place, publisher, year, edition, pages
2018. p. 329-329
National Category
Business Administration Sociology
Identifiers
URN: urn:nbn:se:hig:diva-29335OAI: oai:DiVA.org:hig-29335DiVA, id: diva2:1292464
Conference
Power, Violence and Justice: Reflections, Responses and Responsibilities, XIX ISA World Congress of Sociology, International Sociological Association (ISA), July 15-21, 2018, Toronto, Canada
Available from: 2019-02-28 Created: 2019-02-28 Last updated: 2019-02-28Bibliographically approved

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Fregidou-Malama, Maria

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CiteExportLink to record
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Citation style
  • apa
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  • ieee
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Language
  • sv-SE
  • en-GB
  • en-US
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  • nn-NO
  • nn-NB
  • de-DE
  • Other locale
More languages
Output format
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  • text
  • asciidoc
  • rtf