Factors Affecting Organizational Transparency Of...

Factors affecting organizational transparency of Microfinance institutions Empirical evidence from microfinance institutions in sub-Saharan Africa. 1. INTRODUCTION Microfinance institutions (MFIs) are established to serve the poor through providing financial services such as loans, savings, remittance services, insurance, trainings and technical assistances etc(Callaghan et al. 2007; Mersland, 2009). Unlike other firms, microfinance institutions are expected to meet two objectives, namely financial and social which are called double bottom line objectives (Gutie ´rrez-Nieto et al., 2007; Mersland, Randà ¸y and Strà ¸m, 2011; Morduch, 1999; Yaron, 1994). The idea of microfinance business was pioneered in 1970s by Prof. Yunus in Bangladesh, later on followed by countries such as Bolivia, Indonesia and others. The idea was to setup a financial inclusion system which can benefit the poor and to prove that the poor can be creditworthy and can run productive microenterprises if adequate and applicable system is designed (Callaghan et al. 2007). As a result, microfinance innovation spread to different countries in the world and strongly targeted as tool of poverty alleviation and development priority to empower the poor. The industry has registered a tremendous growth since its emancipation, now it is an industry of more than 10,000 microfinance institutions which mobilize around US$70 billion assets and serves about 150 million customers around the world (Augustine, 2012). DespiteShow MoreRelatedProduct Innovation Charter5919 Words   |  24 Pages(Malawi) where it held a 25.1% stake. In the same year Kingdom bank Africa Limited was licenced by Bank of Botswana while Kingdom Financial Holdings also implemented a Z$1.5billion rights offer required to fund the expansion strategy and launched microfinance operations through Microking. In 2005, the company implemented the second rights offer to raise Z$100 billion and a third one for Z$1,5 trillion the following year to support its expansion strategy. In 2006 Kingdom Financial Holdings increasedRead MoreThe Impact of Business Ethic on Organisational Performance14958 Words   |  60 PagesThe research data for this report was carried out using the following methods: †¢ Literature Review †¢ Questionnaire †¢ Interviews †¢ Observations †¢ Literature review Published material relating to Theories such as Stakeholder, Transparency and Accountability, Stewardship, Expectancy, Virtue ethics, Deontological ethics, Teleological ethics as well as Ethical learning and growth were reviewed. In addition, a number of published and electronic article on how business ethics have affectedRead MoreAn Assessment of the Impact of Corporate Social Responsibility on Nigerian Society: the Examples of Banking and Communication Industries18990 Words   |  76 Pagesthe objective of being responsible for what the society is interested in. Explicit CSR can for example be voluntary, self-interest driven corporate social responsibilities policies and strategies. Implicit CSR is a country’s formal and informal institutions that give organizations an agreed share of responsibility for society’s interests and concerns. Implicit CSR are values, norms and rules which result in requirements for corporations to address areas that stakeholders consider important. BusinessRead More65 Successful Harvard Business School Application Essays 2nd Edition 147256 Words   |  190 Pagestests, and certification criteria. The program delivered results: since early 2005, fifteen operators have been certified and daily production has increased by25percent . Facilitating change highlighted my strong communication skills and grasp of organizational theory. Leading through the ensuing adversity required vision and confidence. At times however, my lack of management experience caused problems. Accurately setting ex... pectations was difficult initially, and learning was a process of trial