"Bang for buck" in microfinance: Wellbeing mentorship or business education?
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2018-06
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Abstract
Within the microfinance literature, there is a growing interest in institutional logics. This paper explores ways that microfinance institutions can overcome the logic-tension of offering developmental programs and maintaining financial stability. First, I conduct a randomized control trial in Uganda to examine the financial and non-financial outcomes of loan recipients. Second, I use results from the field experiment, in a resource allocation model, to optimize the goals of a lending institution. I find that wellbeing mentorship, rather than business training, is the best ‘bang for buck’ when considering the interests of both the women entrepreneurs and the microfinance lending institution.
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Gamble, Edward N. . "Bang for buck" in microfinance: Wellbeing mentorship or business education?." Journal of Business Venturing Insights 9 (June 2018): 137-144. DOI:10.1016/j.jbvi.2018.04.003.