35 research outputs found
DO FIELD PARTNERS ADD VALUE TO CROWDFUNDED MICROFINANCE? AN INDUSTRY APPROACH
The framework of this study is the ¯eld of crowdfunded micro¯nance that represents a way to
scale up ¯nancial access, leveraging digital technology applications. A key element of this
value chain is the ¯eld partner, represented by a local Micro¯nance Institution (MFI) that
intermediates between the crowdfunding platform and the individual borrowers or group of
borrowers. In this context, the main objective of this paper is to measure the ¯nancial and
prosocial contributions of ¯eld partners through crowdfunded microloans. Methodologically,
this prosocial impact is measured with an innovative approach, by using network theory to
describe the supply and value chains that link crowdfunding investors to ¯eld partners and,
consequently, to micro-borrowers. The main contribution of this study is the introduction of a
global indicator able to quantify the increase of the social impact and the ¯nancial system of a
country, coming from the presence of ESG-compliant crowdfunded microloans