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

dc.contributor.author Edelman, Mark
dc.contributor.author Edelman, Mark
dc.contributor.department Economics
dc.date 2019-09-22T17:36:15.000
dc.date.accessioned 2020-06-30T02:14:30Z
dc.date.available 2020-06-30T02:14:30Z
dc.date.embargo 2019-09-09
dc.date.issued 2020-07-10
dc.description.abstract <p>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 lowincome women entrepreneurs in a small metro area. Program performance metrics achieved by 284 low-income, culturally diverse, primarily women entrepreneurs over five years included: a loan repayment rate of 99+ percent, increased average client income, savings accumulation at a local bank, and increased opportunities to improve average credit scores. Client surveys indicated peer-group methods, program structure, incentives for individual behaviors and group responsibilities provided opportunity to develop confidence, leadership skills, and teamwork.</p>
dc.format.mimetype application/pdf
dc.identifier archive/lib.dr.iastate.edu/econ_workingpapers/77/
dc.identifier.articleid 1076
dc.identifier.contextkey 15289964
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath econ_workingpapers/77
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/22700
dc.relation.ispartofseries 19012
dc.source.bitstream archive/lib.dr.iastate.edu/econ_workingpapers/77/19012.pdf|||Sun Sep 22 17:36:15 UTC 2019
dc.source.bitstream archive/lib.dr.iastate.edu/econ_workingpapers/77/19012_revision.pdf|||Sat Jan 15 01:52:50 UTC 2022
dc.subject.disciplines Economics
dc.subject.disciplines Entrepreneurial and Small Business Operations
dc.subject.disciplines Inequality and Stratification
dc.subject.disciplines University Extension
dc.subject.keywords cultural diversity
dc.subject.keywords poverty reduction
dc.subject.keywords financial management education
dc.subject.keywords entrepreneurship
dc.subject.keywords microfinance
dc.title Extension Demonstration: Grameen Microfinance Methods and Capital Access for Low-Income Female Entrepreneurs
dc.type article
dc.type.genre article
dspace.entity.type Publication
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relation.isOrgUnitOfPublication 4c5aa914-a84a-4951-ab5f-3f60f4b65b3d
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