Institutional Support and Sustainability of Microcredit Programmes in Developing Countries: The Case of Venezuela

Francisco J. García‐Rodríguez, Maribel Suárez‐Mancha, Carlos Castilla‐Gutiérrez and José León García‐Rodríguez
Authors registered in the RePEc Author Service: Francisco J. García-Rodríguez ()

Journal of International Development, 2019, vol. 31, issue 8, 786-804

Abstract: This paper analyses a microcredit programme that was developed in a rural area of Venezuela, a standard‐bearer for left‐wing movements in Latin America, after significant initial support from the public sector disappeared. The findings indicate high levels of stability for the microfinance organisations: the number of shares, the volume of savings and the amount of the loans granted had all increased, with low levels of loan default. However, significant organisational deterioration and a reduction in the social and environmental impact in the community were also observed, aspects that point to a need to rethink institutional support in these areas. © 2019 John Wiley & Sons, Ltd.

Date: 2019
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https://doi.org/10.1002/jid.3437

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Persistent link: https://EconPapers.repec.org/RePEc:wly:jintdv:v:31:y:2019:i:8:p:786-804

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