MURAL - Maynooth University Research Archive Library

    Financial Inclusion with Hybrid Organizational Forms: Microfinance, Philanthropy, and the Poor Law in Ireland, c. 1836–1845

    McLaughlin, Eoin and Pecchenino, Rowena (2021) Financial Inclusion with Hybrid Organizational Forms: Microfinance, Philanthropy, and the Poor Law in Ireland, c. 1836–1845. Enterprise & Society. pp. 1-34. ISSN 1467-2227

    Download (820kB) | Preview

    Share your research

    Twitter Facebook LinkedIn GooglePlus Email more...

    Add this article to your Mendeley library


    The turbulent 1830s saw a sequence of great political and social reforms in the United Kingdom. One such reform was the introduction of a locally funded Poor Law in Ireland. The development of a nascent welfare system in 1838 coincided with a boom in the formation of microfinance institutions in Ireland. The focus of this study is the expansion of a hybrid organizational form, Loan Fund Societies (LFSs), in the ten years prior to the Great Irish Famine of 1845–1849. LFSs were legally established with a conflictual structure: acting as commercially viable charitable institutions required to provide credit to the deserving poor (to enable them to be self-sufficient) while dedicating their “profits” to supporting the indigent poor. This study uses an analytical framework drawing inspiration from institutional logics to explore and better understand Irish microfinance in the early nineteenth century, a period of profound socioeconomic and socioreligious changes. It seeks to explain the factors that motivated the establishment and de-establishment of microfinance institutions amid this tumult. Legislative changes in LFS business parameters in 1843 made the tensions between being charitable and commercially sustainable salient; and, for some, it made continued existence untenable

    Item Type: Article
    Additional Information: Cite as: McLaughlin, E. & Pecchenino, R.A. 2020, Financial inclusion with hybrid organisational forms: Microfinance, philanthropy, and the poor law in Ireland, c. 1836-1845, Queen's University Centre for Economic History (QUCEH), Belfast.
    Keywords: microfinance; institutional logics; development; Ireland;
    Academic Unit: Faculty of Social Sciences > Economics, Finance and Accounting
    Item ID: 17509
    Identification Number:
    Depositing User: Prof. Rowena Pecchenino
    Date Deposited: 07 Sep 2023 11:11
    Journal or Publication Title: Enterprise & Society
    Publisher: Cambridge Press
    Refereed: Yes
    Use Licence: This item is available under a Creative Commons Attribution Non Commercial Share Alike Licence (CC BY-NC-SA). Details of this licence are available here

    Repository Staff Only(login required)

    View Item Item control page


    Downloads per month over past year

    Origin of downloads