Epistemologies and Ontologies in Self-Help Group

Abstract

This chapter discusses about the role of social capital in providing access to the microfinance for the tribal people at the bottom of the pyramid. Marginalised people at the bottom of the pyramid do not have access to finance due to the problem of information asymmetry, and the community groups use the social capital to gain access to the physical capital and financial services. Due to the presence of the lemons and agency problem, the people at the bottom of pyramid are unable to be financially included. The social contract is operationalised through the use of the peer mechanism, and this helps in financial inclusion of the marginalised tribal people at the bottom of the pyramid. Thus, financial intermediation and financial inclusion play an important role in mitigating the woes of the marginalised tribal people who have been financially excluded from the financial system.

Citation

Malhotra, N. (2024), "Epistemologies and Ontologies in Self-Help Group", Sustainable Pathways, Emerald Publishing Limited, Leeds, pp. 199-211. https://doi.org/10.1108/978-1-83549-490-520241020