An Extension Case Study in Institutional Innovation: Microfinance Intermediary Formation

dc.contributor.author Edelman, Mark
dc.contributor.department Economics
dc.date 2020-12-02T21:18:24.000
dc.date.accessioned 2021-02-25T18:23:03Z
dc.date.available 2021-02-25T18:23:03Z
dc.date.copyright Thu Jan 01 00:00:00 UTC 2015
dc.date.issued 2015-04-01
dc.description.abstract <p>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.</p>
dc.description.comments <p>This article is published as Edelman, Mark A. “An Extension Case Study in Institutional Innovation: Microfinance Intermediary Formation.” <em>Journal of Extension</em>. 53 (2015): 2FEA4. <a href="https://www.joe.org/joe/2015april/a4.php" target="_blank">https://www.joe.org/joe/2015april/a4.php</a>. Posted with permission.</p>
dc.format.mimetype application/pdf
dc.identifier archive/lib.dr.iastate.edu/econ_las_pubs/765/
dc.identifier.articleid 1777
dc.identifier.contextkey 20375228
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath econ_las_pubs/765
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/94096
dc.language.iso en
dc.source.bitstream archive/lib.dr.iastate.edu/econ_las_pubs/765/2015_Edelman_ExtensionCase.pdf|||Sat Jan 15 01:51:47 UTC 2022
dc.subject.disciplines Economics
dc.subject.disciplines Entrepreneurial and Small Business Operations
dc.subject.disciplines Finance
dc.subject.disciplines University Extension
dc.subject.keywords institutional innovation
dc.subject.keywords entrepreneurship
dc.subject.keywords organizational development
dc.subject.keywords change
dc.title An Extension Case Study in Institutional Innovation: Microfinance Intermediary Formation
dc.type article
dc.type.genre article
dspace.entity.type Publication
relation.isAuthorOfPublication fbde1a01-b052-437f-bbf0-7e09a58bc837
relation.isOrgUnitOfPublication 4c5aa914-a84a-4951-ab5f-3f60f4b65b3d
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