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Informal microfinance institutions and development-led tourism entrepreneurship

Ngoasong, Michael Z. and Kimbu, Albert N. (2016). Informal microfinance institutions and development-led tourism entrepreneurship. Tourism Management, 52 pp. 430–439.

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DOI (Digital Object Identifier) Link: https://doi.org/10.1016/j.tourman.2015.07.012
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Abstract

This paper explores how informal microfinance institutions (IMFIs) support development-led tourism entrepreneurship through providing microcredit and development opportunities to small tourism firms (STFs), as well as undertaking communitarian projects and outreach activities that promote the business activities of STFs. Drawing on resilience and social capital as central concepts, the paper argues that the form of collective action found in IMFIs can be examined to understand their impact on development-led tourism entrepreneurship. Using Cameroon as a case study important policy challenges in destinations where regulatory constrains cause many STFs to become dependent on IMFIs as opposed to formal (regulated) financial institutions in development-led tourism are highlighted.

Item Type: Journal Item
Copyright Holders: 2015 Elsevier Ltd.
ISSN: 2211-9736
Keywords: development-led tourism entrepreneurship; informal microfinance institutions; resilience; social capital; collective action; Cameroon
Academic Unit/School: Faculty of Business and Law (FBL) > Business
Faculty of Business and Law (FBL)
Interdisciplinary Research Centre: International Development & Inclusive Innovation
Innovation, Knowledge & Development research centre (IKD)
Item ID: 43899
Depositing User: Michael Ngoasong
Date Deposited: 04 Aug 2015 10:49
Last Modified: 31 Jul 2017 00:00
URI: http://oro.open.ac.uk/id/eprint/43899
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