DO FIELD PARTNERS ADD VALUE TO CROWDFUNDED MICROFINANCE? AN INDUSTRY APPROACH

Roberto Moro-Visconti, Salvador Cruz Rambaud and Joaquã N Lã“pez Pascual ()
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Roberto Moro-Visconti: Dipartimento di Scienze dell’Economia e della Gestione Aziendale, Università Cattolica del Sacro Cuore, 20123 Milan, Italy
Joaquã N Lã“pez Pascual: Departamento de Economía de la Empresa, Universidad “Rey Juan Carlos†, 28032 Madrid, Spain

Journal of Financial Management, Markets and Institutions (JFMMI), 2022, vol. 10, issue 02, 1-26

Abstract: The framework of this study is the field of crowdfunded microfinance that represents a way to scale up financial access, leveraging digital technology applications. A key element of this value chain is the field partner, represented by a local Microfinance 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 financial and prosocial contributions of field 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 field 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 financial system of a country, coming from the presence of ESG-compliant crowdfunded microloans.

Keywords: Microlending; digital networks; sustainable development goals; ESG; group lending; Kiva (search for similar items in EconPapers)
JEL-codes: G21 G51 O35 (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1142/S2282717X22500074

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