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An Extension Case Study in Institutional Innovation: Microfinance Intermediary Formation

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Bibliographic Details
Title: An Extension Case Study in Institutional Innovation: Microfinance Intermediary Formation
Language: English
Authors: Edelman, Mark A.
Source: Journal of Extension. Apr 2015 53(2).
Availability: Extension Journal, Inc. e-mail: joe-ed@joe.org; Web site: http://www.joe.org
Peer Reviewed: Y
Page Count: 8
Publication Date: 2015
Document Type: Journal Articles
Reports - Descriptive
Descriptors: Extension Education, Case Studies, Innovation, Cooperative Planning, Entrepreneurship, Credit (Finance), Business, Committees, Technical Assistance, Problem Solving
Geographic Terms: Iowa
ISSN: 1077-5315
Abstract: An institutional innovation process led by Extension created a statewide microfinance intermediary. The intermediary provides business technical assistance and microloans to entrepreneurs having difficulty securing conventional credit but having workable business plans. The process included (1) gathering indicators of a problem; (2) formation of a steering committee of relevant interests to study the concerns; (3) a search for alternative solutions and assessment of probable consequences; and (4) emergence of an institutional strategy for addressing gaps. A business plan was implemented over 5 years. The collaboration created new opportunities on multiple levels for Extension problem-solving impacts and outcomes.
Abstractor: As Provided
Number of References: 12
Entry Date: 2015
Access URL: https://www.joe.org/joe/2015april/pdf/JOE_v53_2a4.pdf
Accession Number: EJ1063171
Database: ERIC
Description
Abstract:An institutional innovation process led by Extension created a statewide microfinance intermediary. The intermediary provides business technical assistance and microloans to entrepreneurs having difficulty securing conventional credit but having workable business plans. The process included (1) gathering indicators of a problem; (2) formation of a steering committee of relevant interests to study the concerns; (3) a search for alternative solutions and assessment of probable consequences; and (4) emergence of an institutional strategy for addressing gaps. A business plan was implemented over 5 years. The collaboration created new opportunities on multiple levels for Extension problem-solving impacts and outcomes.
ISSN:1077-5315