Surviving the challenges of micro lending in a hyperinflationary environment: Zimbabwean case
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...
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Academy of Business & Scientific Research
2016
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| Online Access: | http://www.academia.edu/7743522/Surviving_the_Challenges_of_Micro_Lending_in_a_Hyperinflationary_Environment_Zimbabwean_Case http://hdl.handle.net/11408/1426 |
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| author | Chikoko, Laurine Kwenda, Farai |
| author_facet | Chikoko, Laurine Kwenda, Farai |
| author_sort | Chikoko, Laurine |
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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; cost cutting, 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. |
| format | Article |
| id | ir-11408-1426 |
| institution | My University |
| language | English |
| publishDate | 2016 |
| publisher | Academy of Business & Scientific Research |
| record_format | dspace |
| spelling | ir-11408-14262022-06-27T13:49:06Z Surviving the challenges of micro lending in a hyperinflationary environment: Zimbabwean case Chikoko, Laurine Kwenda, Farai Micro lending institutions, Zimbabwe, Hyperinflation, Survival, strategy 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; cost cutting, 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. 2016-05-19T15:14:55Z 2016-05-19T15:14:55Z 2013-11 Article 2310-0079 http://www.academia.edu/7743522/Surviving_the_Challenges_of_Micro_Lending_in_a_Hyperinflationary_Environment_Zimbabwean_Case http://hdl.handle.net/11408/1426 en Entrepreneurship and Innovation Management Journal;Vol. 1, Issue 1; p. 115-122 open Academy of Business & Scientific Research |
| spellingShingle | Micro lending institutions, Zimbabwe, Hyperinflation, Survival, strategy Chikoko, Laurine Kwenda, Farai Surviving the challenges of micro lending in a hyperinflationary environment: Zimbabwean case |
| title | Surviving the challenges of micro lending in a hyperinflationary environment: Zimbabwean case |
| title_full | Surviving the challenges of micro lending in a hyperinflationary environment: Zimbabwean case |
| title_fullStr | Surviving the challenges of micro lending in a hyperinflationary environment: Zimbabwean case |
| title_full_unstemmed | Surviving the challenges of micro lending in a hyperinflationary environment: Zimbabwean case |
| title_short | Surviving the challenges of micro lending in a hyperinflationary environment: Zimbabwean case |
| title_sort | surviving the challenges of micro lending in a hyperinflationary environment: zimbabwean case |
| topic | Micro lending institutions, Zimbabwe, Hyperinflation, Survival, strategy |
| url | http://www.academia.edu/7743522/Surviving_the_Challenges_of_Micro_Lending_in_a_Hyperinflationary_Environment_Zimbabwean_Case http://hdl.handle.net/11408/1426 |
| work_keys_str_mv | AT chikokolaurine survivingthechallengesofmicrolendinginahyperinflationaryenvironmentzimbabweancase AT kwendafarai survivingthechallengesofmicrolendinginahyperinflationaryenvironmentzimbabweancase |