Microfinance and social capital in Nepal: the case for an integrated approach

Paper


Paudyal, Ratna, Abraham, Anne and Fallon, Wayne. 2013. "Microfinance and social capital in Nepal: the case for an integrated approach ." Adhikari, Dev Raj and Gautam, Dhruba Kumar (ed.) 2nd International Conference of the Nepalese Academy of Management (NAM 2013): Reshaping Organizations to Develop Responsible Global Leadership. Kathmandu, Nepal 10 - 12 Mar 2013 Kathmandu, Nepal.
Paper/Presentation Title

Microfinance and social capital in Nepal: the case for an integrated approach

Presentation TypePaper
AuthorsPaudyal, Ratna (Author), Abraham, Anne (Author) and Fallon, Wayne (Author)
EditorsAdhikari, Dev Raj and Gautam, Dhruba Kumar
Journal or Proceedings TitleReshaping Organizations to Develop Responsible Global Leadership
Journal Citation1 (1), pp. 305-320
Number of Pages16
Year2013
Place of PublicationKathmandu, Nepal
ISBN9789937260817
Conference/Event2nd International Conference of the Nepalese Academy of Management (NAM 2013): Reshaping Organizations to Develop Responsible Global Leadership
Event Details
2nd International Conference of the Nepalese Academy of Management (NAM 2013): Reshaping Organizations to Develop Responsible Global Leadership
Parent
International Conference of the Nepalese Academy of Management
Event Date
10 to end of 12 Mar 2013
Event Location
Kathmandu, Nepal
Abstract

While microfinance is often used in developing countries as a poverty alleviation tool, many studies of microfinance programs question its effectiveness as a genuine means of alleviating poverty and developing social capital. A growing body of literature has more recently identified problems with microfinance brought about by the apparent misuse of loans by the finance recipients, pointing to recipients who have found themselves compelled to use the loan to fund necessary health care and other basic needs. Increasing evidence indicates that minimal support is not enough to assist impoverished people. This is because the causes of poverty are multidimensional and the recipients need more than finance to break the cycle of poverty. This paper proposes that, in order for microfinance to make a significant and worthwhile contribution to the lives of impoverished people and their communities, microfinance programs need to take a more holistic or integrated approach, where the provision of microfinance should support the recipient’s productive use of the loan, and their capacity to repay the loan from that productive use. This paper describes a research project that seeks to understand how the provision of integrated microfinance in Nepal could contribute to the development of social capital in that country and hence assist in overcoming poverty and its related issues.

Keywordsmicrofinance; integrated approach; social capital; Nepal; developing countries
ANZSRC Field of Research 2020440903. Social program evaluation
350202. Finance
441001. Applied sociology, program evaluation and social impact assessment
Public Notes

Chapter 19.

Byline AffiliationsSchool of Accounting, Economics and Finance
University of Western Sydney
Institution of OriginUniversity of Southern Queensland
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https://research.usq.edu.au/item/q1y17/microfinance-and-social-capital-in-nepal-the-case-for-an-integrated-approach

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