Since 2014
Surviving the Challenges of Micro Lending in a Hyperinflationary Environment: Zimbabwean Case
Entrepreneurship and Innovation Management Journal
View Archive Info| Field | Value | |
| Title |
Surviving the Challenges of Micro Lending in a Hyperinflationary Environment: Zimbabwean Case
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| Creator |
Laurine, Chikoko; Department of Banking and Finance, Midlands State University, Zimbabwe
Farai, Kwenda; Department of Finance, University of KwaZulu Natal, South Africa |
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| Subject |
Micro lending institutions, Zimbabwe, Hyperinflation, Survival, strategy
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| Description |
This study reviews the survival strategies of micro lending institutions in dealing with the challenges given the hyperinflationary environment Zimbabwe went through over the period 1999 – 2008. The microfinance sector in Zimbabwe was still in its infancy and had numerous challenges. Hyperinflation exacerbates the situations with a lot of these institutions’ survival under serious threat. Some of the challenges that confronted micro lending institutions include product pricing; high delinquency levels and capital erosion. Micro lending institutions adopted a number of survival strategies which include; costcutting, client rating and retention, product development, streamlining operations among others. Though constrained by the regulatory framework and capacity challenges, some of the survival strategies prescribed here is that necessity is the mother of innovation and every crisis presents hidden opportunities and no matter the challenge, there is a way of escape.
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| Publisher |
Academy of Business & Scientific Research
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| Contributor |
—
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| Date |
2013-11-30
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://absronline.org/journals/index.php/eimj/article/view/31
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| Source |
Entrepreneurship and Innovation Management Journal; Vol 1, No 1 (2013): November; pp. 115-122
2311-1836 2310-00079 |
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| Language |
eng
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| Relation |
http://absronline.org/journals/index.php/eimj/article/view/31/29
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| Rights |
Copyright (c) 2014 Entrepreneurship and Innovation Management Journal
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