Campus Units

Economics

Document Type

Article

Publication Version

Published Version

Publication Date

4-2015

Journal or Book Title

Journal of Extension

Volume

53

Issue

2

First Page or Article ID Number

2FEA4

Abstract

An institutional innovation process led by Extension created a statewide microfinance intermediary. The intermediary provides business technical assistance and microloans to entrepreneurs having difficulty securing conventional credit but having workable business plans. The process included (1) gathering indicators of a problem; (2) formation of a steering committee of relevant interests to study the concerns; (3) a search for alternative solutions and assessment of probable consequences; and (4) emergence of an institutional strategy for addressing gaps. A business plan was implemented over 5 years. The collaboration created new opportunities on multiple levels for Extension problem-solving impacts and outcomes.

Comments

This article is published as Edelman, Mark A. “An Extension Case Study in Institutional Innovation: Microfinance Intermediary Formation.” Journal of Extension. 53 (2015): 2FEA4. https://www.joe.org/joe/2015april/a4.php. Posted with permission.

Copyright Owner

Journal of Extension

Language

en

File Format

application/pdf

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