This study examines how perceived value of microfinance and exploratory innovation affect small and medium …-sized enterprises (SME) performance in the context of a developing nation. Drawing on the strategic innovation and microfinance … literature, we hypothesize that (1) perceived value of microfinance affects exploratory innovation and SME performance, and (2 …

number of developing countries are becoming concerned about access of the rural and urban masses to microfinance. Only viable … contribute to the development of a system of microfinance: reform of the policy environment; institutional transformation; and … nonformal institutions, infrastructural innovation: establishing new microfinance institutions. In each case, sound financial …

The microfinance industry carries every sign of an innovation in its take-off phase. The various aspects of the … microfinance innovation were developed in the 1980's, twenty years later the industry experiences a phenomenal growth rate, and it … has diffused to most developing countries in the world. This review paper looks at microfinance as an entrepreneurial …