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Yallingup, Western Australia
Email:
viti@bearfruit.com.au
Website:
http://www.bearfruit.com.au
What is clearly evident in the above tabled data is that one opportunity leads to another and
microcredit — and its repayment methods — are fundamental to tapping into the human
enterprising spirit of Nepalese people. There is clear evidence even in this small study that
accessing microcredit loans enables rural people to develop a momentum to move forward which
becomes evident in the growth actualised above.
“From an entrepreneurial perspective, innovation is the creation of a new product or service, or
a new method or combination.”
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Even though this is a view sourced from the developed world I
believe the above examples represent such a view. The broader perspective captured by Carland
et al (2009) states that,
“Humans have an innate need to create and that drive is the real source
of the individual payoff for the work and effort involved in innovation.”
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Therefore, microfinance as a strategy provides the opportunity for borrowers linked to HwH self-
employment activities to assist them, in improving their lives. Once those opportunities are made
possible and established I believe that Carland et al (2009)
‘innate need to create’
becomes
evident.
The motivating factors may differ between the developed and developing world but the capacity
of innovation by HwH and its entrepreneur’s bank on social change.
Kuratko & Hodgetts (1998) cited in Carland et al (2009, p.176) state that, “It is generally accepted
that entrepreneurs, “serve as agents of change; provide creative, innovative ideas for business
enterprises; and help businesses grow and become profitable.”
Q.2.4 What difference has this loan/s made to your life?
Participant
Number
Fieldwork data
1
Before we were able to get a loan from SNUsacc my husband and I had to travel
from the village to the market on highway for combined daily wages of 300
rupees. Now we have our own businesses we can double that sometimes. In one
day we can earn 600-700 rupees.
2
Speaks English - Families previous life was poor. After taking out loan we
purchased and sell for profit. 2nd phase loan purchased cow’s milk and sell at
market. Our life better than previous standards. Happy because loans make life
better standard. Shops profits are able to purchase reading books [college text
books in management studies. Elderly parents, mother mute and father has both
legs in plaster. So unable to go out for income. All school/college fees paid for
from combined incomes generated [by sisters].
3
Before the cooperative loans we could not get the money. Now we have been
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Carland, J.A., & Carland, (2009), J.C., Small Business Institute National Proceedings Vol.33, No. 1, Winter, p.173.
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2009, p.175