Why Should Microfinance Organizations Invest In Clients Business Training? Empirical Results from the Haitian Microfinance Industry
Journal Title: International Journal of Management Sciences - Year 2014, Vol 2, Issue 4
Abstract
Despite many critics and mitigated effects, microfinance continues to grow all over the world, and equally in Haiti. Beyond rapid expansion, to really contribute to local economic development, microfinance organizations (MFOs) need to help micro entrepreneurs to better manage their businesses. However, practitioners consider investment in training activities as non-productive. With a national sample, we study, in this article, some supportive reasons why MFO’s should provide business training to borrowers, particularly in low-educated context like Haiti. According to our empirical findings, implementation of business training sessions reduces negative perception of interest rate, and improves borrowers’ satisfaction. Such induced socioeconomic change reduced clients drop out and foster MFOs sustainability.
Authors and Affiliations
Bénédique Paul
Keywords
Related Articles
- EP ID EP26786
- DOI -
- Views 325
- Downloads 7
A Test of the Impact of Leadership Styles on Employee Performance: A Study of Department of Petroleum Resources
Managing an organization for effectiveness requires effective leadership. There abound different styles of leadership with attendant different effects. This paper studied the effect of transformational, transactional an...
Assessing Success of Turnaround Strategies for Distressed Companies: A Case Study of UCHUMI Supermarket Ltd. Kenya
Financial distress is a situation whereby a firm does not meet creditors’ obligations or are met with difficulties. Financial distress is evident in many companies in Kenya. It is a major concern to various stake holde...
Climate Change, Global Warming and Threats to Nigerian Vision 20:2020: A Sustainability Framework
Given the country’s considerable resource endowment and coastal location, there are potentials for strong growth and development. Yet, little of these potentials have only been realised; and the effects of global warmi...
Compensation for Bystander Injuries in Strict Products Liability: Why It is Important to Afford Bystanders with More Protection than Consumers or Users of Products
This article will consider issues relating to the responsibility of sellers and others who furnish defective products for injuries to bystanders in the context of strict products liability. The article builds upon prior...
Influence of Working Condition on Employee Career Change Intention: A Case of Moi University, Kenya
The objective of this study was to investigate the influence of working condition on employee career change intention in Moi University, Kenya. The research design was a survey. Individual elements were selected using...