The Relevance and Meaning of Charity in the Context of Microfinance

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989592%3A15310%2F18%3A73592075" target="_blank" >RIV/61989592:15310/18:73592075 - isvavai.cz</a>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

The Relevance and Meaning of Charity in the Context of Microfinance

Popis výsledku v původním jazyce

Microfinance is a sector which often balances on the business-charity border. In this paper I claim that it is necessary to clearly distinguish between charitable and commercial forms of microfinance. The issue is especially important for (potential) donors to MFIs which rely on fundraising to finance their operations. I therefore propose theoretical parameters for charitable microfinance institutions (MFIs) and for the identification of charitable products: in this proposal, I define such institutions and products based mostly on a so-called normal profit criterion. Due to the difficulty of objectively calculating the level of normal profit, I suggest approximating the level of normal profit in microfinance based on the average prices of products in the commercial banking sector, as well as using other (country-specific) criteria. I also propose a system of product certification for charitable MFIs and charitable microfinance which is aimed at simplifying orientation in the microfinance sector, mainly for donors, but also for clients and other stakeholders.

Název v anglickém jazyce

The Relevance and Meaning of Charity in the Context of Microfinance

Popis výsledku anglicky

Microfinance is a sector which often balances on the business-charity border. In this paper I claim that it is necessary to clearly distinguish between charitable and commercial forms of microfinance. The issue is especially important for (potential) donors to MFIs which rely on fundraising to finance their operations. I therefore propose theoretical parameters for charitable microfinance institutions (MFIs) and for the identification of charitable products: in this proposal, I define such institutions and products based mostly on a so-called normal profit criterion. Due to the difficulty of objectively calculating the level of normal profit, I suggest approximating the level of normal profit in microfinance based on the average prices of products in the commercial banking sector, as well as using other (country-specific) criteria. I also propose a system of product certification for charitable MFIs and charitable microfinance which is aimed at simplifying orientation in the microfinance sector, mainly for donors, but also for clients and other stakeholders.

Druh

J_ost - Ostatní články v recenzovaných periodicích

CEP obor

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OECD FORD obor

50701 - Cultural and economic geography

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2018

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Development, Environment and Foresight

ISSN

2336-6613

e-ISSN

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Svazek periodika

3

Číslo periodika v rámci svazku

2

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

14

Strana od-do

107-120

Kód UT WoS článku

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EID výsledku v databázi Scopus

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