The globalization of financial markets has required the use of common reporting standards, notably the IFRSs. These are impacting the accounting systems of many countries. However, accounting systems are also often used for national tax reporting. This creates a divergence in the reporting needs...

Conventional wisdom indicates that the growth of credit may not materialize if credit rates remain capped by usury laws, as had long been the case in France. France therefore abolished usury ceilings on loans to microenterprise in an effort to increase financing for microenterprises. This should...

Slow money, or patient nurturing capital directly invested locally in small firms in food and basic industries, is a new term but an old notion. It gains revival in times of crisis, especially after the recent financial crisis, as people search for meaning and a way out of the ruinous effects of...

Our purpose is to show that the microfinance industry practices can benefit from the culture and spiritual traditions of a country.We use the Bhagavad Gita and the codes of Manu and Kautilya to describe the background of Hindu teaching and practical wisdom. We use a case study of a Hindu...

The paper explains why microfinance institutions require more rather than less funding during periods of financial crisis. After briefly describing the rapid expansion of microfinance as a distinct market segment, the paper explains the impact of a financial crisis in the economy on microfinance...

The paper traces the evolution of The Microfinance Sector of Togo over the half century from its independence in 1960 to 2010. The methodology used consisted of a round table discussion with heads of MFIs as well as regulatory, supervisory and financing institutions and academics, followed by...

Little work has been done in the conjunction of Microfinance and Religion. This paper explores the findings of the extant research. It then provides future research directions on a number of subjects within this broad area, available for researchers from a large number of fields: anthropology,...

Microfinance is a sector where MIS is a strategic need for up scaling to get both economic sustainability and social outreach and performance. It should help in lowering transaction costs and interest rates. A study of the MIS for this sector is therefore crucial. This paper studies different...

Social innovation usually refers to two different denotations: One is related to social processes of innovation such as open source methods; the other refers to improvement of the everyday life, meeting social needs of all kinds and finally strengthening of civil society . While this paper deals...

Purpose of the paper: With the development of web 2.0, a new kind on lending is taking place on the internet, termed peer to peer lending or social lending. In Europe, this includes commercial lending websites such as Zopa, smava, boober, Kokos, Monetto. At the same time, following the lead of...