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

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Book cover Corporate Social Responsibility in Times of Crisis

Part of the book series: CSR, Sustainability, Ethics & Governance ((CSEG))

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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.

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Authors and Affiliations

  1. University of Wageningen, Wageningen, The Netherlands

    Daniel Agbeko, Vincent Blok, S. W. F. Omta & G. Van der Velde

Authors
  1. Daniel Agbeko
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  2. Vincent Blok
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  3. S. W. F. Omta
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  4. G. Van der Velde
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Corresponding author

Correspondence to Vincent Blok .

Editor information

Editors and Affiliations

  1. Guildhall School of Business and Law, London Metropolitan University, London, United Kingdom

    Samuel O. Idowu

  2. School of Applied Social Studies, Robert Gordon University, Aberdeen, United Kingdom

    Stephen Vertigans

  3. Economics and Business Administration, University of Craiova, Craiova, Romania

    Adriana Schiopoiu Burlea

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Agbeko, D., Blok, V., Omta, S.W.F., Van der Velde, G. (2017). Corporate Social Responsibility Strategies Adopted by Micro Finance Institutions: A Case Study. In: Idowu, S., Vertigans, S., Schiopoiu Burlea, A. (eds) Corporate Social Responsibility in Times of Crisis. CSR, Sustainability, Ethics & Governance. Springer, Cham. https://doi.org/10.1007/978-3-319-52839-7_13

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