Corporate Social Responsibility Strategies Adopted by Micro Finance Institutions: A Case Study

Daniel Agbeko, Vincent Blok (), S. W. F. Omta and G. Velde
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Daniel Agbeko: University of Wageningen
Vincent Blok: University of Wageningen
S. W. F. Omta: University of Wageningen
G. Velde: University of Wageningen

A chapter in Corporate Social Responsibility in Times of Crisis, 2017, pp 247-258 from Springer

Abstract: Abstract We hypothesize that, in order to improve their financial performance, Microfinance Institutions (MFI’s) should invest in social empowerment or Corporate Social Responsibility (CSR) programmes. CSR investments create opportunities to raise savings deposits and reduce default rates among debtors. However, the 2008 credit crunch led many MFI’s to cut back on CSR investments. Using case analysis and interviews, we examine the CSR best practices of uniCredit Ghana Limited MFI. We establish that a single branch used CSR strategies and outperformed the others. We therefore conclude that MFIs should consider CSR investment as a business opportunity rather than an expense.

Keywords: Corporate Social Responsibility; Stakeholder Theory; Corporate Social Responsibility Activity; Corporate Social Responsibility Strategy; Loan Applicant (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:csrchp:978-3-319-52839-7_13

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DOI: 10.1007/978-3-319-52839-7_13

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