AP If you focus on the group that cannot get a loan from a bank, than you need to show that those people cannot get loans from banks. AP I find 25 people <strong>for</strong> 800 loans quite a lot AP you need to be able to justify why that money is being used, and you can only do that by clearly saying we are focusing on this target group, AP those people are unable to get a loan at the bank, but because we invest money in them, they are able to start there own business, that creates so many jobs, AP people want development work to be more accountable <strong>for</strong> their results. It should be the same <strong>for</strong> development work within the Netherlands, what this is, so here it should also be done. AP how far you can go with getting involved with the entrepreneurship. In the end you customer is the entrepreneur and he or she decides what he wants to do. AP The only things a financial institution can do are giving advice and in the end determine whether they invest or not. AP When the financial institution gets to much involved, than you will get in a conflict of interest Elmar Hoogendoorn 137 <strong>Sustainable</strong> <strong>Microfinance</strong>
Bibliography Affleck, A. and Mellor, A. (2006), 'Community Development Finance: A Neo-Market Solution to Social Exclusion?', Journal of Social Policy, Vol. 35, Issue 2, pp. 303-319. Ahn, H. (2001), 'Applying the balanced scorecard concept: an experience report', Long Range Planning, Vol. 34, pp. 441-461. Atkinson, A. and Waterhouse, J. (1997), 'A Stakeholder Approach to Strategic Per<strong>for</strong>mance Measurement', Sloan Management Review, Spring, pp. 25-37. Ax, C. and Bjornenak, T. (2005), 'Bundling and diffusion of management accounting innovations: the case of the balanced scorecard in Sweden', Management Accounting Research, Vol. 24, Issue 6, pp. 631-638. Babbie, E. (2004), The Practice of Social Research, 10th edition, Thomson Wadsworth, United States Bates, T. (1995), Why do minority business development programs generate so little minority business development?, Economic Development Quarterly, Vol. 9, Issue 1, pp. 3-14. Benjamin, L., Rubin, J.S. and Zielenbach, S. (2004), 'Community Development Financial Institutions: Current Issues and Future Prospects ', Journal of Urban Affairs, Vol. 26, Issue 2, pp. 177-195. Boer, M. de and Stefano, C. (2010), Interview with the author on 19 August 2010. Utrecht. [Audio recording in possession of author] Bullens, T. (2010), Interview with the author on 5 August 2010. Breukelen. [Audio recording in possession of author] Burgis, T. (2008), <strong>Microfinance</strong> commercialisation warning [online], Financial Times, Available from: http://www.ft.com/cms/s/0/6f05707e-5cc5-11dd-8d38-000077b07658.html [Accessed: 19.3.2010]. Businessweek (2005), Nobel Winner Yunus - Microcredit Missionary [online], Businessweek, Available from: http://www.businessweek.com/magazine/content/05_52/ b3965024.htm [Accessed: 17.3.2010]. Canale, R.R. (2010), Microcredit in advanced economies as a ‘third way’: a theoretical reflection, University of Naples ‘Parthenope’. Elmar Hoogendoorn 138 <strong>Sustainable</strong> <strong>Microfinance</strong>
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