Volume
59
Issue
2
DOI
10.34068/joe.59.02.01
Abstract
A nonprofit community development financial institution and Extension collaborated to conduct a demonstration project to evaluate efficacy of Grameen peer-group microfinance methodology in addressing barriers faced by low-income women entrepreneurs in a small metro area. Program performance metrics achieved by 284 culturally diverse, low-income entrepreneurs (almost all women) over 5 years included a program loan repayment rate of 99%, increased average client income, bank savings accumulation, and increased opportunities for improved credit scores. Client survey responses indicated program methods developed confidence and skills in finances, leadership, and teamwork. Extension professionals may play various roles in such endeavors.
Creative Commons License
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Recommended Citation
Edelman, M. A. (2021). Extension-Led Demonstration: Grameen Microfinance Methods and Capital Access for Low-Income Female Entrepreneurs. The Journal of Extension, 59(2), Article 1. https://doi.org/10.34068/joe.59.02.01
Included in
Entrepreneurial and Small Business Operations Commons, Finance Commons, Growth and Development Commons, Income Distribution Commons, Nonprofit Administration and Management Commons, Political Economy Commons, Public Policy Commons, Social Justice Commons, Social Policy Commons, Urban Studies Commons
