Using evidence from the microfinance sector, which is considered a leading sector of social entrepreneurship, this book attempts to push the boundaries of research in this field. While recent studies consider that commercial enterprises, not-for-profits and social enterprises are formed by entrepreneurs with different personal identities, they do not explain why these personalities may change before they convert their social enterprises, and change further at the stage of transitioning int...

A school of thought hails microcredit as a social innovation, a messiah to enable people to help themselves out of poverty through entrepreneurship. An opposing school of thought considers microcredit as a capitalist demon ensnaring the poor in poverty and debt. The layman and the million professionals working in this industry are at a loss to make sense of the stories that circulate about microcredit. This book provides this sense-making, useful for students, professionals, investors and ...