The Relationship between Culture and Social Capital with the Sustainability of Microfinance
Poverty has been the biggest problem around the world and one of the innovative solutions offered is microfinance. Since the success story of Grameen Bank spread, many countries decided to adopt microfinance programs to alleviate poverty. Microfinance is then believed as an effective instrument that...
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| Format: | Article |
| Language: | English |
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Prasetiya Mulya Publishing
2020-08-01
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| Series: | International Research Journal of Business Studies |
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| Online Access: | http://irjbs.com/index.php/jurnalirjbs/article/view/1494 |
| _version_ | 1818881395281362944 |
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| author | Nur Firdaus |
| author_facet | Nur Firdaus |
| author_sort | Nur Firdaus |
| collection | DOAJ |
| description | Poverty has been the biggest problem around the world and one of the innovative solutions offered is microfinance. Since the success story of Grameen Bank spread, many countries decided to adopt microfinance programs to alleviate poverty. Microfinance is then believed as an effective instrument that can answer the poverty challenges. Several studies have analyzed the impact of microfinance on poverty reduction, but the results varied. Some support that microfinance can improve the poor, but other criticize and argue that microfinance does not play a significant role to reduce poverty rate and even undermine the poor. This article aims to analyze factors, namely culture and social capital, that can influence the sustainability of microfinance performance. The assumption used in this article is that the success of microfinance cannot be separated from the borrowers’ background that influence their behaviors towards microfinance. The article summarized literatures that have discussed this issue using a qualitative approach. The findings show that culture and social capital have an impact on the sustainability of microfinance, but the impacts depend on the condition of cultures and social capital in a society. However, additional supports are needed and should not be ignored to accelerate the impact of microfinance. |
| first_indexed | 2024-12-19T15:01:11Z |
| format | Article |
| id | doaj.art-66e22dec677f49f3b7cb7de36667ad0a |
| institution | Directory Open Access Journal |
| issn | 2089-6271 2338-4565 |
| language | English |
| last_indexed | 2024-12-19T15:01:11Z |
| publishDate | 2020-08-01 |
| publisher | Prasetiya Mulya Publishing |
| record_format | Article |
| series | International Research Journal of Business Studies |
| spelling | doaj.art-66e22dec677f49f3b7cb7de36667ad0a2022-12-21T20:16:34ZengPrasetiya Mulya PublishingInternational Research Journal of Business Studies2089-62712338-45652020-08-0113211312610.21632/irjbs.13.2.113-126The Relationship between Culture and Social Capital with the Sustainability of MicrofinanceNur Firdaus0Economic Research Center, the Indonesian Institute of Sciences Jl. Jend. Gatot Subroto 11 Jakarta 12710, IndonesiaPoverty has been the biggest problem around the world and one of the innovative solutions offered is microfinance. Since the success story of Grameen Bank spread, many countries decided to adopt microfinance programs to alleviate poverty. Microfinance is then believed as an effective instrument that can answer the poverty challenges. Several studies have analyzed the impact of microfinance on poverty reduction, but the results varied. Some support that microfinance can improve the poor, but other criticize and argue that microfinance does not play a significant role to reduce poverty rate and even undermine the poor. This article aims to analyze factors, namely culture and social capital, that can influence the sustainability of microfinance performance. The assumption used in this article is that the success of microfinance cannot be separated from the borrowers’ background that influence their behaviors towards microfinance. The article summarized literatures that have discussed this issue using a qualitative approach. The findings show that culture and social capital have an impact on the sustainability of microfinance, but the impacts depend on the condition of cultures and social capital in a society. However, additional supports are needed and should not be ignored to accelerate the impact of microfinance.http://irjbs.com/index.php/jurnalirjbs/article/view/1494culturemicrofinancesocial capitalsustainability |
| spellingShingle | Nur Firdaus The Relationship between Culture and Social Capital with the Sustainability of Microfinance International Research Journal of Business Studies culture microfinance social capital sustainability |
| title | The Relationship between Culture and Social Capital with the Sustainability of Microfinance |
| title_full | The Relationship between Culture and Social Capital with the Sustainability of Microfinance |
| title_fullStr | The Relationship between Culture and Social Capital with the Sustainability of Microfinance |
| title_full_unstemmed | The Relationship between Culture and Social Capital with the Sustainability of Microfinance |
| title_short | The Relationship between Culture and Social Capital with the Sustainability of Microfinance |
| title_sort | relationship between culture and social capital with the sustainability of microfinance |
| topic | culture microfinance social capital sustainability |
| url | http://irjbs.com/index.php/jurnalirjbs/article/view/1494 |
| work_keys_str_mv | AT nurfirdaus therelationshipbetweencultureandsocialcapitalwiththesustainabilityofmicrofinance AT nurfirdaus relationshipbetweencultureandsocialcapitalwiththesustainabilityofmicrofinance |