Microfinance: A Review On institutionalist And Welfarist approach
This paper is a comparison of two opposite schools of thoughts on Microfinance viz., Institutionalist viewpoint and Welfarist viewpoint. The Institutionalist approach claims that without financial self-sufficiency, it is not possible for microfinance institutions to sustain their operations by relyi...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
The International Journal Research Publication's
2018
|
| Subjects: | |
| Online Access: | http://umpir.ump.edu.my/id/eprint/23618/ http://umpir.ump.edu.my/id/eprint/23618/ http://umpir.ump.edu.my/id/eprint/23618/1/7484-18240-1-PB.pdf |
| id |
ump-23618 |
|---|---|
| recordtype |
eprints |
| spelling |
ump-236182019-01-09T02:10:52Z http://umpir.ump.edu.my/id/eprint/23618/ Microfinance: A Review On institutionalist And Welfarist approach Mohammad, Aslam T., Senthil Kumar HG Finance This paper is a comparison of two opposite schools of thoughts on Microfinance viz., Institutionalist viewpoint and Welfarist viewpoint. The Institutionalist approach claims that without financial self-sufficiency, it is not possible for microfinance institutions to sustain their operations by relying mainly on government and donor aids. The Welfarist approach propounds that the ultimate goal is to reach maximum number of poor beneficiaries for their wellbeing irrespective of who bears the cost for this service. There has been a mix reactions in several studies in different time period and different parts of the world with different methodology with respect to profitability and outreach of microfinance institutions. Some literature say that outreach and profitability can be achieved together, some say they are negatively correlated where there is a need for balancing between them. Therefore, the net consolidation between institutionalist and welfarist stands for ambiguous position. Microfinance must be extended as a social and economic obligation of the fund provider to eliminate, or at least reduce poverty, to ensure a just and equitable society. Yet, it is essential that microfinance institutions serve the poverty and also attain self-sufficiency concurrently. The International Journal Research Publication's 2018-12 Article PeerReviewed pdf en cc_by http://umpir.ump.edu.my/id/eprint/23618/1/7484-18240-1-PB.pdf Mohammad, Aslam and T., Senthil Kumar (2018) Microfinance: A Review On institutionalist And Welfarist approach. Research Journal of Social Science & Management, 8 (8). pp. 25-31. ISSN 2251-1571 https://www.theinternationaljournal.org/ojs/index.php?journal=tij&page=article&op=view&path%5B%5D=7484 |
| repository_type |
Digital Repository |
| institution_category |
Local University |
| institution |
Universiti Malaysia Pahang |
| building |
UMP Institutional Repository |
| collection |
Online Access |
| language |
English |
| topic |
HG Finance |
| spellingShingle |
HG Finance Mohammad, Aslam T., Senthil Kumar Microfinance: A Review On institutionalist And Welfarist approach |
| description |
This paper is a comparison of two opposite schools of thoughts on Microfinance viz., Institutionalist viewpoint and Welfarist viewpoint. The Institutionalist approach claims that without financial self-sufficiency, it is not possible for microfinance institutions to sustain their operations by relying mainly on government and donor aids. The Welfarist approach propounds that the ultimate goal is to reach maximum number of poor beneficiaries for their wellbeing irrespective of who bears the cost for this service. There has been a mix reactions in several studies in different time period and different parts of the world with different methodology with respect to profitability and outreach of microfinance institutions. Some literature say that outreach and profitability can be achieved together, some say they are negatively correlated where there is a need for balancing between them. Therefore, the net consolidation between institutionalist and welfarist stands for ambiguous position. Microfinance must be extended as a social and economic obligation of the fund provider to eliminate, or at least reduce poverty, to ensure a just and equitable society. Yet, it is essential that microfinance institutions serve the poverty and also attain self-sufficiency concurrently. |
| format |
Article |
| author |
Mohammad, Aslam T., Senthil Kumar |
| author_facet |
Mohammad, Aslam T., Senthil Kumar |
| author_sort |
Mohammad, Aslam |
| title |
Microfinance: A Review On institutionalist And Welfarist approach |
| title_short |
Microfinance: A Review On institutionalist And Welfarist approach |
| title_full |
Microfinance: A Review On institutionalist And Welfarist approach |
| title_fullStr |
Microfinance: A Review On institutionalist And Welfarist approach |
| title_full_unstemmed |
Microfinance: A Review On institutionalist And Welfarist approach |
| title_sort |
microfinance: a review on institutionalist and welfarist approach |
| publisher |
The International Journal Research Publication's |
| publishDate |
2018 |
| url |
http://umpir.ump.edu.my/id/eprint/23618/ http://umpir.ump.edu.my/id/eprint/23618/ http://umpir.ump.edu.my/id/eprint/23618/1/7484-18240-1-PB.pdf |
| first_indexed |
2023-09-18T22:35:27Z |
| last_indexed |
2023-09-18T22:35:27Z |
| _version_ |
1777416564854751232 |