Extension-Led Demonstration: Grameen Microfinance Methods and Capital Access for Low-Income Female Entrepreneurs

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Title: Extension-Led Demonstration: Grameen Microfinance Methods and Capital Access for Low-Income Female Entrepreneurs
Language: English
Authors: Edelman, Mark A.
Source: Journal of Extension. 2021 59(2).
Availability: Clemson University Press. 116 Sigma Drive, Clemson, SC 29634. Tel: 864-656-7156; e-mail: journalofextension@clemson.edu; Web site: https://tigerprints.clemson.edu/joe/
Peer Reviewed: Y
Page Count: 7
Publication Date: 2021
Document Type: Journal Articles
Reports - Descriptive
Descriptors: Extension Education, Demonstration Programs, Financial Support, Barriers, Low Income Groups, Females, Entrepreneurship, Small Businesses, Loan Repayment, Money Management, Income, Credit (Finance), Program Effectiveness
Geographic Terms: Iowa (Des Moines)
ISSN: 1077-5315
Abstract: A nonprofit community development financial institution and Extension collaborated to conduct a demonstration project to evaluate efficacy of Grameen peer-group microfinance methodology in addressing barriers faced by low-income women entrepreneurs in a small metro area. Program performance metrics achieved by 284 culturally diverse, low-income entrepreneurs (almost all women) over 5 years included a program loan repayment rate of 99%, increased average client income, bank savings accumulation, and increased opportunities for improved credit scores. Client survey responses indicated program methods developed confidence and skills in finances, leadership, and teamwork. Extension professionals may play various roles in such endeavors.
Abstractor: As Provided
Entry Date: 2021
Accession Number: EJ1300814
Database: ERIC
FullText Text:
  Availability: 0
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  Data: Extension-Led Demonstration: Grameen Microfinance Methods and Capital Access for Low-Income Female Entrepreneurs
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  Data: Clemson University Press. 116 Sigma Drive, Clemson, SC 29634. Tel: 864-656-7156; e-mail: journalofextension@clemson.edu; Web site: https://tigerprints.clemson.edu/joe/
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  Data: 7
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  Data: <searchLink fieldCode="DE" term="%22Extension+Education%22">Extension Education</searchLink><br /><searchLink fieldCode="DE" term="%22Demonstration+Programs%22">Demonstration Programs</searchLink><br /><searchLink fieldCode="DE" term="%22Financial+Support%22">Financial Support</searchLink><br /><searchLink fieldCode="DE" term="%22Barriers%22">Barriers</searchLink><br /><searchLink fieldCode="DE" term="%22Low+Income+Groups%22">Low Income Groups</searchLink><br /><searchLink fieldCode="DE" term="%22Females%22">Females</searchLink><br /><searchLink fieldCode="DE" term="%22Entrepreneurship%22">Entrepreneurship</searchLink><br /><searchLink fieldCode="DE" term="%22Small+Businesses%22">Small Businesses</searchLink><br /><searchLink fieldCode="DE" term="%22Loan+Repayment%22">Loan Repayment</searchLink><br /><searchLink fieldCode="DE" term="%22Money+Management%22">Money Management</searchLink><br /><searchLink fieldCode="DE" term="%22Income%22">Income</searchLink><br /><searchLink fieldCode="DE" term="%22Credit+%28Finance%29%22">Credit (Finance)</searchLink><br /><searchLink fieldCode="DE" term="%22Program+Effectiveness%22">Program Effectiveness</searchLink>
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  Data: A nonprofit community development financial institution and Extension collaborated to conduct a demonstration project to evaluate efficacy of Grameen peer-group microfinance methodology in addressing barriers faced by low-income women entrepreneurs in a small metro area. Program performance metrics achieved by 284 culturally diverse, low-income entrepreneurs (almost all women) over 5 years included a program loan repayment rate of 99%, increased average client income, bank savings accumulation, and increased opportunities for improved credit scores. Client survey responses indicated program methods developed confidence and skills in finances, leadership, and teamwork. Extension professionals may play various roles in such endeavors.
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      – Text: English
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      Pagination:
        PageCount: 7
    Subjects:
      – SubjectFull: Extension Education
        Type: general
      – SubjectFull: Demonstration Programs
        Type: general
      – SubjectFull: Financial Support
        Type: general
      – SubjectFull: Barriers
        Type: general
      – SubjectFull: Low Income Groups
        Type: general
      – SubjectFull: Females
        Type: general
      – SubjectFull: Entrepreneurship
        Type: general
      – SubjectFull: Small Businesses
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      – SubjectFull: Loan Repayment
        Type: general
      – SubjectFull: Money Management
        Type: general
      – SubjectFull: Income
        Type: general
      – SubjectFull: Credit (Finance)
        Type: general
      – SubjectFull: Program Effectiveness
        Type: general
      – SubjectFull: Iowa (Des Moines)
        Type: general
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      – TitleFull: Extension-Led Demonstration: Grameen Microfinance Methods and Capital Access for Low-Income Female Entrepreneurs
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