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ERIC Number: EJ1056646
Record Type: Journal
Publication Date: 2011
Pages: 10
Abstractor: As Provided
ISSN: ISSN-1942-2504
Education & Entrepreneurship: Implications for Contemporary Microfinance
Gnegy, Alan M.; Wilson, Alan J.; Sementa, Albert; McWilliams, Aman; Helmer, Caitlin; Kidwell, Jacob; Swaim, Kelsey L.; Neidermeyer, Presha E.
American Journal of Business Education, v4 n11 p1-10 2011
In world regions receiving direct foreign aid, beneficiaries of aid often lack the education required to remove themselves from poverty. Micro-lending refers to the initiation of small loans to the neediest of borrowers who are unable to secure traditional financing from financial intermediaries. In order for micro-lending to thrive as a viable alternative to traditional government aid, borrowers must not only receive a loan, but also an education in business to fully equip borrowers with necessary resources to establish and operate a prosperous business entity. The authors will argue for the provision of increased educational resources and discuss the disparities between the US model of education and that of third-world nations. Furthermore, the authors will prescribe steps to develop educational materials and train micro-credit borrowers to better guarantee the viability of microfinance.
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Publication Type: Journal Articles; Reports - Evaluative
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: Africa; Asia; United States
Grant or Contract Numbers: N/A