The aim of this research was to inquire if foreign microfinance institutions (MFIs), interested in entering the US microfinance market because of its location advantages, should glocalize their microcredit policies. Research found that women in the USA are a no better risk for microcredit than men, and there are no differences in the repayment of microloans between men and women. The payment behaviour of women and men related to certain specific variables was also investigated. A survey sent to 203 MFIs was used, to which 17.73 per cent responded. Findings show that, in the USA, there are no strong incentives, motivations or external pressures which influence women to pay microcredits better than men. Therefore, international MFIs entering the USA should glocalize their microcredit policies in relation to women as well as their product design and policies for granting microloans.

Abdullah, S. and Quayes, S. (2016) ‘Do women borrowers augment financial performance of MFIs?’ Applied Economics 48(57): 5593–604 <http://dx.doi.org/10.1080/00036846.2016.1181831>.

Accion (2016) ‘Key statistics’ [online] <https://www.accion.org/impact-and-key-statistics> [web page no longer available].

Alreck, P.L. and Settle, R.B. (2004) The Survey Research Handbook, 3rd edn, Columbus, OH: McGraw-Hill.

American FactFinder (2016) Annual Estimates of the Resident Population: April 1, 2010 to July 1, 2016. 2016 Population Estimates [online] <https://factfinder.census.gov/faces/tableservices/jsf/pages/productview.xhtml?pid=PEP_2016_PEPANNRES&src=pt> [accessed 4 June 2019].

Armendariz de Aghion, B. and Morduch, J. (2000) ‘Microfinance beyond group lending’, Economics of Transition 8(2): 401–20.

Armendariz de Aghion, B. and Morduch, J. (2005) The Economics of Microfinance, Cambridge, MA: MIT Press.

Ahsan, M. and Musteen, M. (2011) ‘Multinational enterprises entry mode strategies and uncertainty: a review and extension’, International Journal of Management Reviews 13(4): 376–92.

Ayayi, A.G. and Sene, M. (2010) ‘What drives microfinance institution’s financial sustainability’, The Journal of Developing Areas 44(1): 303–24.

Ayayi, A.G. and Sene, M. (2014) ‘Recent developments in microfinance and beyond’, Australian Journal of Business and Management Research 4(8): 1–17.

Bevan, A.A. and Estrin, S. (2004) ‘The determinants of foreign direct investment into European transition economies’, Journal of Comparative Economics 32(4): 775–87.

Bhatt, N. and Tang, S.Y. (2001) ‘Making microcredit work in the United States: social, financial, and administrative dimensions’, Economic Development Quarterly 15(3): 229–41.

Bhatt, N. and Tang, S.Y. (2002) ‘Determinants of repayment in microcredit: evidence from programs in the United States’, International Journal of Urban and Regional Research 26(2): 360–76.

Bhatt, N., Painter, G. and Tang, S. (1999) ‘Can microcredit work in the United States?’ Harvard Business Review 77(6): 26–7.

Blomstermo, A., Deo Sharma, D. and Sallis, J. (2006) ‘Choice of foreign market entry mode in service firms’, International Marketing Review 23(2): 211–29.

Brau, J.C. and Woller, G.M. (2004) ‘Microfinance: a comprehensive review of the existing literature’, The Journal of Entrepreneurial Finance 9(1): 1–28.

Buckley, P.J. and Ghauri, P.N. (2004) ‘Globalisation, economic, geography, and the strategy of multinational enterprises’, Journal of International Business Studies 35(2): 81–98.

Burrus, B. (2005) Lessons and Trends of Microcredit in the United States [online], ACCION USA <https://www.microfinancegateway.org/sites/default/files/mfg-en-paper-lessons-and-trends-of-microcredit-in-the-united-states-2005.pdf> [accessed 4 June 2019].

Campbell, N. and Rogers, T. (2012) ‘Microfinance institutions: a profitable investment alternative?’ Journal of Developmental Entrepreneurship 17(4): 1–10.

Campos Pereira, N. and Leal Calegario, C.L. (2013) ‘Foreign direct investment strategies effects on the Brazil’s trade balance: a causality analysis’, Universia 7(1): 73–87.

Carrington, C. (2006) ‘Women entrepreneurs’, Journal of Small Business & Entrepreneurship 19(2): 83–94.

Deshpande, R. and Burjorjee, D. (2002) Increasing Access and Benefits for Women: Practices and Innovations among Microfinance Institutions [online], United Nations Capital Development Fund (UNCDF) <https://www.microfinancegateway.org/library/increasing-access-and-benefits-women-practices-and-innovations-among-microfinance> [accessed 4 June 2019].

D’Espallier, B., Guérin, I. and Mersland, R. (2011) ‘Women and repayment in microfinance: a global analysis’, World Development 39(5): 758–72.

Dunning, J.H. (2000) ‘The eclectic paradigm as an envelope for economic and business theories of MNE activity’, International Business Review 9(2): 163–90.

Dunning, J.H. (2001) ‘The eclectic (OLI) paradigm of international production: past, present and future’, International Journal of the Economics of Business 8(2): 173–90.

Estapé-Dubreuil, G. and Torreguitart-Mirada, C. (2010) ‘Microfinance and gender considerations in developed countries: the case of Catalonia’, Management Research Review 33(12): 1140–57.

Federal Reserve Bank of New York (2016) ‘2016 small business credit survey’ [online] <https://www.newyorkfed.org/smallbusiness/small-business-credit-survey-employer-firms-2016> [accessed 4 June 2019].

Fundación BBVA MicroFinanzas (2017) ‘Activity’ [online] <http://mfbbva.org/la-fundacion/actividad/> [accessed 4 June 2019].

Glackin, C.E. (2002) ‘What does it take to borrow? A framework for analysis’, Journal of Microfinance/ESR Review 4(1): 115–35.

Grameen America (n.d.) ‘Our program’ [online] <https://www.grameenamerica.org/program> [accessed 17 June 2019].

Karlan, D. and Goldberg, N. (2011) ‘Microfinance evaluation strategies: notes on methodology and findings’, in. B. Armendariz and M. Labie (eds.), The Handbook of Microfinance, pp. 17–58, London-Singapore: World Scientific Publishing.

Kevane, M. and Wydick, B. (2001) ‘Microenterprise lending to female entrepreneurs: sacrificing economic growth for poverty alleviation?’ World Development 29(7): 1225–36 <http://dx.doi.org/10.1016/S0305-750X(01)00032-8>.

Khalil, M.S., Lin, J.Y.C. and Cheng, J.M.S. (2010) Glocalization of Advertising Strategy: A Content Analysis of Television Commercials [online] <http://oia.ncu.edu.tw/attachments/article/281/005_thesis.pdf> [accessed 2 November 2016].

Khavul, S. (2010) ‘Microfinance: creating opportunities for the poor?’ The Academy of Management Perspectives 24(3): 58–72.

McCarter, E. (2006) ‘Women and microfinance: why we should do more’, University of Maryland Law Journal of Race, Religion, Gender & Class 6(2): 353–66.

Martínez, R. (2015) Microfinance Market Trends in Latin America and the Caribbean [online], Multilateral Investment Fund <www.microfinancegateway.org/library/microfinance-market-trends-latin-america-and-caribbean> [accessed 4 June 2019].

Matusitz, J. (2010) ‘Disneyland Paris: a case analysis demonstrating how glocalization works’, Journal of Strategic Marketing 18(3): 223–37 <http://dx.doi.org/10.1080/09652540903537014>.

microTracker (2017) ‘Industry data’ [online] <https://microtracker.org/explore/industry-data/> [accessed 4 June 2019].

Peng, M.W., Wang, D.Y.L. and Jiang, Y. (2008) ‘An institution-based view of international business strategy: a focus on emerging economies’, Journal of International Business Studies 39(5): 920–36 <http://dx.doi.org/10.1057/palgrave.jibs.8400377>.

Pollinger, J., Outhwaite, J. and Cordero-Guzman, H. (2007) ‘The question of sustainability for microfinance institutions’, Journal of Small Business Management 45(1): 23–41.

Richardson, M. (2009) ‘Increasing microlending potential in the United States through a strategic approach to regulatory reform’, Journal of Corporation Law 34(3): 923–42.

Roslan, A.H. and Karim, M.A. (2009) ‘Determinants of microcredit repayment in Malaysia: the case of Agrobank’, Humanity & Social Sciences Journal 4(1): 45–52.

Rubach, M.J., Bradley, D.B. and Brown, J.E. (2010) ‘The determinants of success of microlending: a comparison of Iraq and the United States’, International Journal of Entrepreneurship 14: 59–70.

Santana Mariscal, A., Zhang, Y. and López Pascual, J. (2012) ‘Internationalization of multinational banks: a study of foreign direct investment in seven Latin American countries’, Service Industries Journal 32(7): 1149–70 <http://dx.doi.org/10.1080/02642069.2012.662494>.

Sharma, D. (2013) ‘A study of glocalization concept as a current trend in Indian economy’, SVIM e-Journal of Applied Management 1(1): 124–35.

Sonfield, M.C. (2012) ‘Micro-finance from Bangladesh to the United States: beneficial or detrimental to nascent entrepreneurs?’ American Journal of Entrepreneurship 5(2): 51–63.

Syed, Z.A. (2012) ‘The internationalisation of Malaysian-based multinational banks’, Asia-Pacific Journal of Business Administration 4(1): 58–81 <http://dx.doi.org/10.1108/17574321211207971>.

US Small Business Administration (2017) Small Business Administration (SBA) Loan Program Performance [online] <https://www.sba.gov/about-sba/sba-performance/performance-budget-finances/small-business-administration-sba-loan-program-performance> [accessed 5 June 2019].

Walker, O.L. (2011) ‘The future of microlending in the United States: a shift from charity to profit?’ Ohio State Entrepreneurial Business Law Journal 6(1): 383–409.

Women’s World Banking (2015) ‘About us’ [online] <https://www.womensworldbanking.org/about-us/what-we-do/> [accessed 5 June 2019].

World Economic Forum (2018) The Global Gender Gap Report 2017 [online] <https://www.weforum.org/reports/the-global-gender-gap-report-2017> [accessed 5 June 2019].

Zhang, Y. and López-Pascual, J. (2012) ‘Dynamic versus static culture in international business: a study of Spanish banking in China’, Cross Cultural Management 19(4): 588–611 <http://dx.doi.org.prx-keiser.lirn.net/10.1108/13527601211270039>.

Abdullah, S. and Quayes, S. (2016) ‘Do women borrowers augment financial performance of MFIs?’ Applied Economics 48(57): 5593–604 <http://dx.doi.org/10.1080/00036846.2016.1181831>.

Accion (2016) ‘Key statistics’ [online] <https://www.accion.org/impact-and-key-statistics> [web page no longer available].

Alreck, P.L. and Settle, R.B. (2004) The Survey Research Handbook, 3rd edn, Columbus, OH: McGraw-Hill.

American FactFinder (2016) Annual Estimates of the Resident Population: April 1, 2010 to July 1, 2016. 2016 Population Estimates [online] <https://factfinder.census.gov/faces/tableservices/jsf/pages/productview.xhtml?pid=PEP_2016_PEPANNRES&src=pt> [accessed 4 June 2019].

Armendariz de Aghion, B. and Morduch, J. (2000) ‘Microfinance beyond group lending’, Economics of Transition 8(2): 401–20.

Armendariz de Aghion, B. and Morduch, J. (2005) The Economics of Microfinance, Cambridge, MA: MIT Press.

Ahsan, M. and Musteen, M. (2011) ‘Multinational enterprises entry mode strategies and uncertainty: a review and extension’, International Journal of Management Reviews 13(4): 376–92.

Ayayi, A.G. and Sene, M. (2010) ‘What drives microfinance institution’s financial sustainability’, The Journal of Developing Areas 44(1): 303–24.

Ayayi, A.G. and Sene, M. (2014) ‘Recent developments in microfinance and beyond’, Australian Journal of Business and Management Research 4(8): 1–17.

Bevan, A.A. and Estrin, S. (2004) ‘The determinants of foreign direct investment into European transition economies’, Journal of Comparative Economics 32(4): 775–87.

Bhatt, N. and Tang, S.Y. (2001) ‘Making microcredit work in the United States: social, financial, and administrative dimensions’, Economic Development Quarterly 15(3): 229–41.

Bhatt, N. and Tang, S.Y. (2002) ‘Determinants of repayment in microcredit: evidence from programs in the United States’, International Journal of Urban and Regional Research 26(2): 360–76.

Bhatt, N., Painter, G. and Tang, S. (1999) ‘Can microcredit work in the United States?’ Harvard Business Review 77(6): 26–7.

Blomstermo, A., Deo Sharma, D. and Sallis, J. (2006) ‘Choice of foreign market entry mode in service firms’, International Marketing Review 23(2): 211–29.

Brau, J.C. and Woller, G.M. (2004) ‘Microfinance: a comprehensive review of the existing literature’, The Journal of Entrepreneurial Finance 9(1): 1–28.

Buckley, P.J. and Ghauri, P.N. (2004) ‘Globalisation, economic, geography, and the strategy of multinational enterprises’, Journal of International Business Studies 35(2): 81–98.

Burrus, B. (2005) Lessons and Trends of Microcredit in the United States [online], ACCION USA <https://www.microfinancegateway.org/sites/default/files/mfg-en-paper-lessons-and-trends-of-microcredit-in-the-united-states-2005.pdf> [accessed 4 June 2019].

Campbell, N. and Rogers, T. (2012) ‘Microfinance institutions: a profitable investment alternative?’ Journal of Developmental Entrepreneurship 17(4): 1–10.

Campos Pereira, N. and Leal Calegario, C.L. (2013) ‘Foreign direct investment strategies effects on the Brazil’s trade balance: a causality analysis’, Universia 7(1): 73–87.

Carrington, C. (2006) ‘Women entrepreneurs’, Journal of Small Business & Entrepreneurship 19(2): 83–94.

Deshpande, R. and Burjorjee, D. (2002) Increasing Access and Benefits for Women: Practices and Innovations among Microfinance Institutions [online], United Nations Capital Development Fund (UNCDF) <https://www.microfinancegateway.org/library/increasing-access-and-benefits-women-practices-and-innovations-among-microfinance> [accessed 4 June 2019].

D’Espallier, B., Guérin, I. and Mersland, R. (2011) ‘Women and repayment in microfinance: a global analysis’, World Development 39(5): 758–72.

Dunning, J.H. (2000) ‘The eclectic paradigm as an envelope for economic and business theories of MNE activity’, International Business Review 9(2): 163–90.

Dunning, J.H. (2001) ‘The eclectic (OLI) paradigm of international production: past, present and future’, International Journal of the Economics of Business 8(2): 173–90.

Estapé-Dubreuil, G. and Torreguitart-Mirada, C. (2010) ‘Microfinance and gender considerations in developed countries: the case of Catalonia’, Management Research Review 33(12): 1140–57.

Federal Reserve Bank of New York (2016) ‘2016 small business credit survey’ [online] <https://www.newyorkfed.org/smallbusiness/small-business-credit-survey-employer-firms-2016> [accessed 4 June 2019].

Fundación BBVA MicroFinanzas (2017) ‘Activity’ [online] <http://mfbbva.org/la-fundacion/actividad/> [accessed 4 June 2019].

Glackin, C.E. (2002) ‘What does it take to borrow? A framework for analysis’, Journal of Microfinance/ESR Review 4(1): 115–35.

Grameen America (n.d.) ‘Our program’ [online] <https://www.grameenamerica.org/program> [accessed 17 June 2019].

Karlan, D. and Goldberg, N. (2011) ‘Microfinance evaluation strategies: notes on methodology and findings’, in. B. Armendariz and M. Labie (eds.), The Handbook of Microfinance, pp. 17–58, London-Singapore: World Scientific Publishing.

Kevane, M. and Wydick, B. (2001) ‘Microenterprise lending to female entrepreneurs: sacrificing economic growth for poverty alleviation?’ World Development 29(7): 1225–36 <http://dx.doi.org/10.1016/S0305-750X(01)00032-8>.

Khalil, M.S., Lin, J.Y.C. and Cheng, J.M.S. (2010) Glocalization of Advertising Strategy: A Content Analysis of Television Commercials [online] <http://oia.ncu.edu.tw/attachments/article/281/005_thesis.pdf> [accessed 2 November 2016].

Khavul, S. (2010) ‘Microfinance: creating opportunities for the poor?’ The Academy of Management Perspectives 24(3): 58–72.

McCarter, E. (2006) ‘Women and microfinance: why we should do more’, University of Maryland Law Journal of Race, Religion, Gender & Class 6(2): 353–66.

Martínez, R. (2015) Microfinance Market Trends in Latin America and the Caribbean [online], Multilateral Investment Fund <www.microfinancegateway.org/library/microfinance-market-trends-latin-america-and-caribbean> [accessed 4 June 2019].

Matusitz, J. (2010) ‘Disneyland Paris: a case analysis demonstrating how glocalization works’, Journal of Strategic Marketing 18(3): 223–37 <http://dx.doi.org/10.1080/09652540903537014>.

microTracker (2017) ‘Industry data’ [online] <https://microtracker.org/explore/industry-data/> [accessed 4 June 2019].

Peng, M.W., Wang, D.Y.L. and Jiang, Y. (2008) ‘An institution-based view of international business strategy: a focus on emerging economies’, Journal of International Business Studies 39(5): 920–36 <http://dx.doi.org/10.1057/palgrave.jibs.8400377>.

Pollinger, J., Outhwaite, J. and Cordero-Guzman, H. (2007) ‘The question of sustainability for microfinance institutions’, Journal of Small Business Management 45(1): 23–41.

Richardson, M. (2009) ‘Increasing microlending potential in the United States through a strategic approach to regulatory reform’, Journal of Corporation Law 34(3): 923–42.

Roslan, A.H. and Karim, M.A. (2009) ‘Determinants of microcredit repayment in Malaysia: the case of Agrobank’, Humanity & Social Sciences Journal 4(1): 45–52.

Rubach, M.J., Bradley, D.B. and Brown, J.E. (2010) ‘The determinants of success of microlending: a comparison of Iraq and the United States’, International Journal of Entrepreneurship 14: 59–70.

Santana Mariscal, A., Zhang, Y. and López Pascual, J. (2012) ‘Internationalization of multinational banks: a study of foreign direct investment in seven Latin American countries’, Service Industries Journal 32(7): 1149–70 <http://dx.doi.org/10.1080/02642069.2012.662494>.

Sharma, D. (2013) ‘A study of glocalization concept as a current trend in Indian economy’, SVIM e-Journal of Applied Management 1(1): 124–35.

Sonfield, M.C. (2012) ‘Micro-finance from Bangladesh to the United States: beneficial or detrimental to nascent entrepreneurs?’ American Journal of Entrepreneurship 5(2): 51–63.

Syed, Z.A. (2012) ‘The internationalisation of Malaysian-based multinational banks’, Asia-Pacific Journal of Business Administration 4(1): 58–81 <http://dx.doi.org/10.1108/17574321211207971>.

US Small Business Administration (2017) Small Business Administration (SBA) Loan Program Performance [online] <https://www.sba.gov/about-sba/sba-performance/performance-budget-finances/small-business-administration-sba-loan-program-performance> [accessed 5 June 2019].

Walker, O.L. (2011) ‘The future of microlending in the United States: a shift from charity to profit?’ Ohio State Entrepreneurial Business Law Journal 6(1): 383–409.

Women’s World Banking (2015) ‘About us’ [online] <https://www.womensworldbanking.org/about-us/what-we-do/> [accessed 5 June 2019].

World Economic Forum (2018) The Global Gender Gap Report 2017 [online] <https://www.weforum.org/reports/the-global-gender-gap-report-2017> [accessed 5 June 2019].

Zhang, Y. and López-Pascual, J. (2012) ‘Dynamic versus static culture in international business: a study of Spanish banking in China’, Cross Cultural Management 19(4): 588–611 <http://dx.doi.org.prx-keiser.lirn.net/10.1108/13527601211270039>.

Abdullah, S. and Quayes, S. (2016) ‘Do women borrowers augment financial performance of MFIs?’ Applied Economics 48(57): 5593–604 <http://dx.doi.org/10.1080/00036846.2016.1181831>.

Accion (2016) ‘Key statistics’ [online] <https://www.accion.org/impact-and-key-statistics> [web page no longer available].

Alreck, P.L. and Settle, R.B. (2004) The Survey Research Handbook, 3rd edn, Columbus, OH: McGraw-Hill.

American FactFinder (2016) Annual Estimates of the Resident Population: April 1, 2010 to July 1, 2016. 2016 Population Estimates [online] <https://factfinder.census.gov/faces/tableservices/jsf/pages/productview.xhtml?pid=PEP_2016_PEPANNRES&src=pt> [accessed 4 June 2019].

Armendariz de Aghion, B. and Morduch, J. (2000) ‘Microfinance beyond group lending’, Economics of Transition 8(2): 401–20.

Armendariz de Aghion, B. and Morduch, J. (2005) The Economics of Microfinance, Cambridge, MA: MIT Press.

Ahsan, M. and Musteen, M. (2011) ‘Multinational enterprises entry mode strategies and uncertainty: a review and extension’, International Journal of Management Reviews 13(4): 376–92.

Ayayi, A.G. and Sene, M. (2010) ‘What drives microfinance institution’s financial sustainability’, The Journal of Developing Areas 44(1): 303–24.

Ayayi, A.G. and Sene, M. (2014) ‘Recent developments in microfinance and beyond’, Australian Journal of Business and Management Research 4(8): 1–17.

Bevan, A.A. and Estrin, S. (2004) ‘The determinants of foreign direct investment into European transition economies’, Journal of Comparative Economics 32(4): 775–87.

Bhatt, N. and Tang, S.Y. (2001) ‘Making microcredit work in the United States: social, financial, and administrative dimensions’, Economic Development Quarterly 15(3): 229–41.

Bhatt, N. and Tang, S.Y. (2002) ‘Determinants of repayment in microcredit: evidence from programs in the United States’, International Journal of Urban and Regional Research 26(2): 360–76.

Bhatt, N., Painter, G. and Tang, S. (1999) ‘Can microcredit work in the United States?’ Harvard Business Review 77(6): 26–7.

Blomstermo, A., Deo Sharma, D. and Sallis, J. (2006) ‘Choice of foreign market entry mode in service firms’, International Marketing Review 23(2): 211–29.

Brau, J.C. and Woller, G.M. (2004) ‘Microfinance: a comprehensive review of the existing literature’, The Journal of Entrepreneurial Finance 9(1): 1–28.

Buckley, P.J. and Ghauri, P.N. (2004) ‘Globalisation, economic, geography, and the strategy of multinational enterprises’, Journal of International Business Studies 35(2): 81–98.

Burrus, B. (2005) Lessons and Trends of Microcredit in the United States [online], ACCION USA <https://www.microfinancegateway.org/sites/default/files/mfg-en-paper-lessons-and-trends-of-microcredit-in-the-united-states-2005.pdf> [accessed 4 June 2019].

Campbell, N. and Rogers, T. (2012) ‘Microfinance institutions: a profitable investment alternative?’ Journal of Developmental Entrepreneurship 17(4): 1–10.

Campos Pereira, N. and Leal Calegario, C.L. (2013) ‘Foreign direct investment strategies effects on the Brazil’s trade balance: a causality analysis’, Universia 7(1): 73–87.

Carrington, C. (2006) ‘Women entrepreneurs’, Journal of Small Business & Entrepreneurship 19(2): 83–94.

Deshpande, R. and Burjorjee, D. (2002) Increasing Access and Benefits for Women: Practices and Innovations among Microfinance Institutions [online], United Nations Capital Development Fund (UNCDF) <https://www.microfinancegateway.org/library/increasing-access-and-benefits-women-practices-and-innovations-among-microfinance> [accessed 4 June 2019].

D’Espallier, B., Guérin, I. and Mersland, R. (2011) ‘Women and repayment in microfinance: a global analysis’, World Development 39(5): 758–72.

Dunning, J.H. (2000) ‘The eclectic paradigm as an envelope for economic and business theories of MNE activity’, International Business Review 9(2): 163–90.

Dunning, J.H. (2001) ‘The eclectic (OLI) paradigm of international production: past, present and future’, International Journal of the Economics of Business 8(2): 173–90.

Estapé-Dubreuil, G. and Torreguitart-Mirada, C. (2010) ‘Microfinance and gender considerations in developed countries: the case of Catalonia’, Management Research Review 33(12): 1140–57.

Federal Reserve Bank of New York (2016) ‘2016 small business credit survey’ [online] <https://www.newyorkfed.org/smallbusiness/small-business-credit-survey-employer-firms-2016> [accessed 4 June 2019].

Fundación BBVA MicroFinanzas (2017) ‘Activity’ [online] <http://mfbbva.org/la-fundacion/actividad/> [accessed 4 June 2019].

Glackin, C.E. (2002) ‘What does it take to borrow? A framework for analysis’, Journal of Microfinance/ESR Review 4(1): 115–35.

Grameen America (n.d.) ‘Our program’ [online] <https://www.grameenamerica.org/program> [accessed 17 June 2019].

Karlan, D. and Goldberg, N. (2011) ‘Microfinance evaluation strategies: notes on methodology and findings’, in. B. Armendariz and M. Labie (eds.), The Handbook of Microfinance, pp. 17–58, London-Singapore: World Scientific Publishing.

Kevane, M. and Wydick, B. (2001) ‘Microenterprise lending to female entrepreneurs: sacrificing economic growth for poverty alleviation?’ World Development 29(7): 1225–36 <http://dx.doi.org/10.1016/S0305-750X(01)00032-8>.

Khalil, M.S., Lin, J.Y.C. and Cheng, J.M.S. (2010) Glocalization of Advertising Strategy: A Content Analysis of Television Commercials [online] <http://oia.ncu.edu.tw/attachments/article/281/005_thesis.pdf> [accessed 2 November 2016].

Khavul, S. (2010) ‘Microfinance: creating opportunities for the poor?’ The Academy of Management Perspectives 24(3): 58–72.

McCarter, E. (2006) ‘Women and microfinance: why we should do more’, University of Maryland Law Journal of Race, Religion, Gender & Class 6(2): 353–66.

Martínez, R. (2015) Microfinance Market Trends in Latin America and the Caribbean [online], Multilateral Investment Fund <www.microfinancegateway.org/library/microfinance-market-trends-latin-america-and-caribbean> [accessed 4 June 2019].

Matusitz, J. (2010) ‘Disneyland Paris: a case analysis demonstrating how glocalization works’, Journal of Strategic Marketing 18(3): 223–37 <http://dx.doi.org/10.1080/09652540903537014>.

microTracker (2017) ‘Industry data’ [online] <https://microtracker.org/explore/industry-data/> [accessed 4 June 2019].

Peng, M.W., Wang, D.Y.L. and Jiang, Y. (2008) ‘An institution-based view of international business strategy: a focus on emerging economies’, Journal of International Business Studies 39(5): 920–36 <http://dx.doi.org/10.1057/palgrave.jibs.8400377>.

Pollinger, J., Outhwaite, J. and Cordero-Guzman, H. (2007) ‘The question of sustainability for microfinance institutions’, Journal of Small Business Management 45(1): 23–41.

Richardson, M. (2009) ‘Increasing microlending potential in the United States through a strategic approach to regulatory reform’, Journal of Corporation Law 34(3): 923–42.

Roslan, A.H. and Karim, M.A. (2009) ‘Determinants of microcredit repayment in Malaysia: the case of Agrobank’, Humanity & Social Sciences Journal 4(1): 45–52.

Rubach, M.J., Bradley, D.B. and Brown, J.E. (2010) ‘The determinants of success of microlending: a comparison of Iraq and the United States’, International Journal of Entrepreneurship 14: 59–70.

Santana Mariscal, A., Zhang, Y. and López Pascual, J. (2012) ‘Internationalization of multinational banks: a study of foreign direct investment in seven Latin American countries’, Service Industries Journal 32(7): 1149–70 <http://dx.doi.org/10.1080/02642069.2012.662494>.

Sharma, D. (2013) ‘A study of glocalization concept as a current trend in Indian economy’, SVIM e-Journal of Applied Management 1(1): 124–35.

Sonfield, M.C. (2012) ‘Micro-finance from Bangladesh to the United States: beneficial or detrimental to nascent entrepreneurs?’ American Journal of Entrepreneurship 5(2): 51–63.

Syed, Z.A. (2012) ‘The internationalisation of Malaysian-based multinational banks’, Asia-Pacific Journal of Business Administration 4(1): 58–81 <http://dx.doi.org/10.1108/17574321211207971>.

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