ERIC Number: EJ1063171
Record Type: Journal
Publication Date: 2015-Apr
Abstractor: As Provided
Reference Count: 12
An Extension Case Study in Institutional Innovation: Microfinance Intermediary Formation
Edelman, Mark A.
Journal of Extension, v53 n2 Article 2FEA4 Apr 2015
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.
Descriptors: Extension Education, Case Studies, Innovation, Cooperative Planning, Entrepreneurship, Credit (Finance), Business, Committees, Technical Assistance, Problem Solving
Extension Journal, Inc. e-mail: email@example.com; Web site: http://www.joe.org
Publication Type: Journal Articles; Reports - Descriptive
Education Level: N/A
Authoring Institution: N/A
Identifiers - Location: Iowa