THE VALUE OF NETWORKS IN ENTERPRISE DEVELOPMENT: CASE STUDIES IN EASTERN EUROPE AND SOUTHEAST ASIA

This study proposes that cooperative efforts in microlending aid economic development and poverty alleviation in transitioning and developing countries by creating networking systems in which people can expand their businesses through working capital and community cooperation. Two field studies are...

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Bibliographic Details
Published in:Journal of developmental entrepreneurship 2006-12, Vol.11 (4), p.345-356
Main Authors: MORRIS, SHAD S., WOODWORTH, WARNER P., HIATT, SHON R.
Format: Article
Language:English
Subjects:
Business networking
Cooperatives
Developing countries
Economic development
Economic growth
Entrepreneurs
LDCs
Microfinance
Self employment
Small business
Social capital
Studies
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Summary:This study proposes that cooperative efforts in microlending aid economic development and poverty alleviation in transitioning and developing countries by creating networking systems in which people can expand their businesses through working capital and community cooperation. Two field studies are used to validate the authors' claims. The first examines a microfinance cooperative structure in Bulgaria as a means to secure credit, savings, technical support and networking opportunities for cooperative members. The second looks at a cooperative microfinance institution in the Philippines that appears to create greater socio-economic growth for poor entrepreneurs as well as NGO financial viability. Both studies suggest that cooperative microlending leads to high survival rates and success of self-employed entrepreneurs by facilitating social capital through their organizational processes.
ISSN:1084-9467
1793-706X
DOI:10.1142/S1084946706000489