The paper presents and examines the impact of corporate governance and ethics in particular on sustainable development of the Zimbabwean microfinance sector in the period 2009-2019.The critical microfinance institutio...The paper presents and examines the impact of corporate governance and ethics in particular on sustainable development of the Zimbabwean microfinance sector in the period 2009-2019.The critical microfinance institutions(MFIs)crisis experienced in Masvingo,Zimbabwe recently was not the first one in the world in terms of its severity.The main aim of MFIs in any economy is to serve the poor and vulnerable people of a society through providing them with soft or concessional loans,insurance coverage,and facilities for savings.The study used the descriptive qualitative design to draw research data from MFIs dotted in and around Masvingo Province for presentation,analysis,and interpretation.One of the major findings of the study was that corporate governance and ethics played an indispensable role in the growth and development of MFIs’products and services.The study also realized that good corporate governance and ethical behaviours in business practices were essential for the success of any organization and vice versa and MFIs were no exception.The study therefore concluded that poor capital formation,corporate governance and ethics,human recruitment and selection procedures and fraudulent activities or misappropriation of funds were responsible for the majority of threats faced by MFIs in Masvingo in their growth and development endeavours.Therefore the study recommended that directors of MFIs should craft policies and strategies that are corporate governance and ethics oriented in their desire to grow their business towards sustainable development in the foreseeable future.展开更多
The wave of global financial crises(2008-2009)caused a surge in the capital flows of developed countries particularly,between developed and developing countries.The crunch hit all financial sectors with unanticipated ...The wave of global financial crises(2008-2009)caused a surge in the capital flows of developed countries particularly,between developed and developing countries.The crunch hit all financial sectors with unanticipated severity.The study evaluates the role of a country’s political practices in moderating the impact of global financial crunch on microfinance performance.Using the fixed effect panel regression method on the dataset comprising of 95 MFIs operating in South Asia from 2003 to 2012,we determine that microfinance operational capability shares a positive relationship with the institutional attributes of a country and our output reveals that impact of country’s political practices is pervasive on the financial output of MFIs,liable to different levels of implementation.The findings further reveals that MFIs situated in countries having vigorous political practices are less severely affected by the economic crunch.展开更多
In Myanmar, the formal financial institution does not provide uncollateralized credits. The rural unbanked under the poverty line is depending on the informal money-lenders with high interest rate. Private Agency Coll...In Myanmar, the formal financial institution does not provide uncollateralized credits. The rural unbanked under the poverty line is depending on the informal money-lenders with high interest rate. Private Agency Collaboration Together is only one microfinance institution providing the credits without collateral and with low interest rate to the unbanked in Myanmar. Half of the unbanked are unable to borrow the loans from the microfinance institution because of the weakness of the information contribution and the strict legal policies of the microfinance institution. Therefore, the objective of this study is to construct a system to improve the relationship between the microfinance institution and the unbanked by reducing the obstacles in the current system ofmicrofinance institution. The legal policy is studied from the vision of the local unbanked as the originality of this research and the /-System methodology is applied to accomplish the research. The current system comprises the information contribution, loans and legal policies. The current system is only one relationship between the microfinance institution and unbanked. When the ten obstacles occurred in the current system, the unbanked cannot approach to the microfinance institution. An access system including four sub-systems is developed depending on the collected ideas to solve these obstacles and intend to improve the relationship between microfinance institution and the unbanked.展开更多
文摘The paper presents and examines the impact of corporate governance and ethics in particular on sustainable development of the Zimbabwean microfinance sector in the period 2009-2019.The critical microfinance institutions(MFIs)crisis experienced in Masvingo,Zimbabwe recently was not the first one in the world in terms of its severity.The main aim of MFIs in any economy is to serve the poor and vulnerable people of a society through providing them with soft or concessional loans,insurance coverage,and facilities for savings.The study used the descriptive qualitative design to draw research data from MFIs dotted in and around Masvingo Province for presentation,analysis,and interpretation.One of the major findings of the study was that corporate governance and ethics played an indispensable role in the growth and development of MFIs’products and services.The study also realized that good corporate governance and ethical behaviours in business practices were essential for the success of any organization and vice versa and MFIs were no exception.The study therefore concluded that poor capital formation,corporate governance and ethics,human recruitment and selection procedures and fraudulent activities or misappropriation of funds were responsible for the majority of threats faced by MFIs in Masvingo in their growth and development endeavours.Therefore the study recommended that directors of MFIs should craft policies and strategies that are corporate governance and ethics oriented in their desire to grow their business towards sustainable development in the foreseeable future.
文摘The wave of global financial crises(2008-2009)caused a surge in the capital flows of developed countries particularly,between developed and developing countries.The crunch hit all financial sectors with unanticipated severity.The study evaluates the role of a country’s political practices in moderating the impact of global financial crunch on microfinance performance.Using the fixed effect panel regression method on the dataset comprising of 95 MFIs operating in South Asia from 2003 to 2012,we determine that microfinance operational capability shares a positive relationship with the institutional attributes of a country and our output reveals that impact of country’s political practices is pervasive on the financial output of MFIs,liable to different levels of implementation.The findings further reveals that MFIs situated in countries having vigorous political practices are less severely affected by the economic crunch.
文摘In Myanmar, the formal financial institution does not provide uncollateralized credits. The rural unbanked under the poverty line is depending on the informal money-lenders with high interest rate. Private Agency Collaboration Together is only one microfinance institution providing the credits without collateral and with low interest rate to the unbanked in Myanmar. Half of the unbanked are unable to borrow the loans from the microfinance institution because of the weakness of the information contribution and the strict legal policies of the microfinance institution. Therefore, the objective of this study is to construct a system to improve the relationship between the microfinance institution and the unbanked by reducing the obstacles in the current system ofmicrofinance institution. The legal policy is studied from the vision of the local unbanked as the originality of this research and the /-System methodology is applied to accomplish the research. The current system comprises the information contribution, loans and legal policies. The current system is only one relationship between the microfinance institution and unbanked. When the ten obstacles occurred in the current system, the unbanked cannot approach to the microfinance institution. An access system including four sub-systems is developed depending on the collected ideas to solve these obstacles and intend to improve the relationship between microfinance institution and the unbanked.
