Examining the Viability of Social Responsibility of Microfinance by the Bank Compartamos, Mexico

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Author(s): José G. Vargas-Hernández (University of Guadalajara, Mexico), María Alejandra Santos Huerta (University of Guadalajara, Mexico)and Kinkini Bhattacharjee (Katwa College, India)
Copyright: 2019
Pages: 22
Source title: Handbook of Research on Microfinancial Impacts on Women Empowerment, Poverty, and Inequality
Source Author(s)/Editor(s): Ramesh Chandra Das (Vidyasagar University, India)
DOI: 10.4018/978-1-5225-5240-6.ch008

Keywords: Accounting and Finance / Business & Management / Business Science Reference / Economics & Economic Theory

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Abstract

Microfinance achieves financial inclusion to the poor population stimulating the creation of sources of income and employment. Banco Compartamos is an institution that has more market share and has more than 20 years providing financial services to their specific sector of the population. The chapter analyzes the viability of social responsibility of microfinancing by the Compartamos banco of Mexico for the period 2002-2015. The results show that microfinance working on social responsibility by the Compartamos Banco is not viable as there are the results of inverse correlation results. However, the banco served some social responsibility by means of pulling people out of poverty. It further concludes that these organizations fulfill their main objective, which is to benefit the people of the base of the pyramid in Mexico.

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Examining the Viability of Social Responsibility of Microfinance by the Bank Compartamos, Mexico

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