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Article
Extension Demonstration: Grameen Microfinance Methods and Capital Access for Low-Income Female Entrepreneurs
Economics Working Papers
  • Mark A. Edelman, Iowa State University
Publication Date
9-9-2019
Number
19012
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 lowincome women entrepreneurs in a small metro area. Program performance metrics achieved by 284 low-income, culturally diverse, primarily women entrepreneurs over five years included: a loan repayment rate of 99+ percent, increased average client income, savings accumulation at a local bank, and increased opportunities to improve average credit scores. Client surveys indicated peer-group methods, program structure, incentives for individual behaviors and group responsibilities provided opportunity to develop confidence, leadership skills, and teamwork.

Version History

Original Release Date: September 9, 2019

Departments
Department of Economics, Iowa State University
File Format
application/pdf
Length
13 pages
Citation Information
Mark A. Edelman. "Extension Demonstration: Grameen Microfinance Methods and Capital Access for Low-Income Female Entrepreneurs" (2019)
Available at: http://works.bepress.com/mark-edelman/103/