Corporate Social Responsibility strategies adopted by Micro Finance Institutions: a case study

D. Agbeko; V. Blok; Gerben van der Velde; S.W.F. Omta

doi:10.1007/978-3-319-52839-7_13

Corporate Social Responsibility strategies adopted by Micro Finance Institutions: a case study

D. Agbeko, V. Blok, Gerben van der Velde, S.W.F. Omta

Research output: Chapter in Book/Report/Conference proceeding › Chapter › Academic › peer-review

1 Citation (Scopus)

Abstract

We hypothesize that, in order to improve their financial performance, Microfinance Institutions (MFI’s) should invest in social empowerment or Corporate Social Responsibility (CSR) programmes. CSR investments create opportunities to raise savings deposits and reduce default rates among debtors. However, the 2008 credit crunch led many MFI’s to cut back on CSR investments. Using case analysis and interviews, we examine the CSR best practices of uniCredit Ghana Limited MFI. We establish that a single branch used CSR strategies and outperformed the others. We therefore conclude that MFIs should consider CSR investment as a business opportunity rather than an expense.

Original language	English
Title of host publication	Corporate Social Responsibility in Times of Crisis
Subtitle of host publication	Practices and Cases from Europe, Africa and the World
Editors	Samuel O. Idowu, Stephen Vertigans, Adriana S. Burlea
Publisher	Springer
Pages	247-258
ISBN (Electronic)	9783319528397
ISBN (Print)	9783319528380
DOIs	https://doi.org/10.1007/978-3-319-52839-7_13
Publication status	Published - 28 Mar 2017

Publication series

Name	CSR, Sustainability, Ethics & Governance
ISSN (Print)	2196-7075
ISSN (Electronic)	2196-7083

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1007/978-3-319-52839-7_13

Cite this

Agbeko, D., Blok, V., van der Velde, G., & Omta, S. W. F. (2017). Corporate Social Responsibility strategies adopted by Micro Finance Institutions: a case study. In S. O. Idowu, S. Vertigans, & A. S. Burlea (Eds.), Corporate Social Responsibility in Times of Crisis: Practices and Cases from Europe, Africa and the World (pp. 247-258). (CSR, Sustainability, Ethics & Governance). Springer. https://doi.org/10.1007/978-3-319-52839-7_13

Agbeko, D. ; Blok, V. ; van der Velde, Gerben et al. / Corporate Social Responsibility strategies adopted by Micro Finance Institutions: a case study. Corporate Social Responsibility in Times of Crisis: Practices and Cases from Europe, Africa and the World. editor / Samuel O. Idowu ; Stephen Vertigans ; Adriana S. Burlea. Springer, 2017. pp. 247-258 (CSR, Sustainability, Ethics & Governance).

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abstract = "We hypothesize that, in order to improve their financial performance, Microfinance Institutions (MFI{\textquoteright}s) should invest in social empowerment or Corporate Social Responsibility (CSR) programmes. CSR investments create opportunities to raise savings deposits and reduce default rates among debtors. However, the 2008 credit crunch led many MFI{\textquoteright}s to cut back on CSR investments. Using case analysis and interviews, we examine the CSR best practices of uniCredit Ghana Limited MFI. We establish that a single branch used CSR strategies and outperformed the others. We therefore conclude that MFIs should consider CSR investment as a business opportunity rather than an expense.",

author = "D. Agbeko and V. Blok and {van der Velde}, Gerben and S.W.F. Omta",

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Agbeko, D, Blok, V , van der Velde, G & Omta, SWF 2017, Corporate Social Responsibility strategies adopted by Micro Finance Institutions: a case study. in SO Idowu, S Vertigans & AS Burlea (eds), Corporate Social Responsibility in Times of Crisis: Practices and Cases from Europe, Africa and the World. CSR, Sustainability, Ethics & Governance, Springer, pp. 247-258. https://doi.org/10.1007/978-3-319-52839-7_13

Corporate Social Responsibility strategies adopted by Micro Finance Institutions: a case study. / Agbeko, D.; Blok, V.; van der Velde, Gerben et al.
Corporate Social Responsibility in Times of Crisis: Practices and Cases from Europe, Africa and the World. ed. / Samuel O. Idowu; Stephen Vertigans; Adriana S. Burlea. Springer, 2017. p. 247-258 (CSR, Sustainability, Ethics & Governance).

Research output: Chapter in Book/Report/Conference proceeding › Chapter › Academic › peer-review

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AB - We hypothesize that, in order to improve their financial performance, Microfinance Institutions (MFI’s) should invest in social empowerment or Corporate Social Responsibility (CSR) programmes. CSR investments create opportunities to raise savings deposits and reduce default rates among debtors. However, the 2008 credit crunch led many MFI’s to cut back on CSR investments. Using case analysis and interviews, we examine the CSR best practices of uniCredit Ghana Limited MFI. We establish that a single branch used CSR strategies and outperformed the others. We therefore conclude that MFIs should consider CSR investment as a business opportunity rather than an expense.

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Agbeko D, Blok V , van der Velde G, Omta SWF. Corporate Social Responsibility strategies adopted by Micro Finance Institutions: a case study. In Idowu SO, Vertigans S, Burlea AS, editors, Corporate Social Responsibility in Times of Crisis: Practices and Cases from Europe, Africa and the World. Springer. 2017. p. 247-258. (CSR, Sustainability, Ethics & Governance). doi: 10.1007/978-3-319-52839-7_13

Corporate Social Responsibility strategies adopted by Micro Finance Institutions: a case study

Abstract

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