Exploring the lived experiences of high-performance micro entrepreneurs in Malaysia: a hermeneutic approach

Microfinance is often portrayed as the panacea to poverty alleviation and human development. However, the plethora of impact studies in microfinance suggested a varying degree of success amongst countries adopting the Grameen model of microfinance. In the case of Malaysia, impact studies in microfin...

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Main Authors:	Hassan, Ida Saliny, Salleh, Arfah, Md Saad, Norma, Krauss, S. E., Mohamed, Mustafa Omar
Format:	Article
Language:	English
Published:	National Research Council of Thailand 2015
Subjects:	BJ Ethics BP1 Islam HG Finance
Online Access:	http://irep.iium.edu.my/47270/ http://irep.iium.edu.my/47270/ http://irep.iium.edu.my/47270/ http://irep.iium.edu.my/47270/1/47270_edited.pdf

id	iium-47270
recordtype	eprints
spelling	iium-472702018-10-16T03:59:14Z http://irep.iium.edu.my/47270/ Exploring the lived experiences of high-performance micro entrepreneurs in Malaysia: a hermeneutic approach Hassan, Ida Saliny Salleh, Arfah Md Saad, Norma Krauss, S. E. Mohamed, Mustafa Omar BJ Ethics BP1 Islam HG Finance Microfinance is often portrayed as the panacea to poverty alleviation and human development. However, the plethora of impact studies in microfinance suggested a varying degree of success amongst countries adopting the Grameen model of microfinance. In the case of Malaysia, impact studies in microfinance have suggested significant improvements on the income and livelihood of the poor. However, only a handful of micro-entrepreneurs have achieved high-performance in their business. Thus, what did these high-performance micro entrepreneurs have done so differently than the rest of their peers? Given the predominance of Muslim micro entrepreneurs in Malaysia, the study also examines whether there is any influence of Islamic faith in their business experience. If so, how did it influence their lived experiences as high-performance micro entrepreneurs? Hence, this study seeks to explore and interpret the lived experiences of these micro entrepreneurs by infusing Heidegger’s interpretive (hermeneutic) phenomenology as part of the study. Using the purposive sampling technique, the informants were selected from Amanah Ikhtiar Malaysia (AIM) for in-depth interviews. Nevertheless, only seven informants are chosen as the saturation point is reached at the seventh informant. Three main themes were inductively derived from the data and evidently, one of the themes suggested that religious values played a significant role in influencing business experience among high-performance micro entrepreneurs. This study hopes to provide a more robust understanding on the entrepreneurship enacted by entrepreneurs living in poverty settings hence serving a practical guidance to policy-makers and development experts in improving current policies. National Research Council of Thailand 2015 Article PeerReviewed application/pdf en http://irep.iium.edu.my/47270/1/47270_edited.pdf Hassan, Ida Saliny and Salleh, Arfah and Md Saad, Norma and Krauss, S. E. and Mohamed, Mustafa Omar (2015) Exploring the lived experiences of high-performance micro entrepreneurs in Malaysia: a hermeneutic approach. Social Science Asia: Official Journal of National Research Council of Thailand in conjunction with Asia Business and Economics Journal, 1 (1). pp. 60-72. ISSN 1095-3746 http://164.115.28.46/nrctejournal/file_upload/digital_file/7_0e692.pdf 10.14456/ssa.2015.21
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	BJ Ethics BP1 Islam HG Finance
spellingShingle	BJ Ethics BP1 Islam HG Finance Hassan, Ida Saliny Salleh, Arfah Md Saad, Norma Krauss, S. E. Mohamed, Mustafa Omar Exploring the lived experiences of high-performance micro entrepreneurs in Malaysia: a hermeneutic approach
description	Microfinance is often portrayed as the panacea to poverty alleviation and human development. However, the plethora of impact studies in microfinance suggested a varying degree of success amongst countries adopting the Grameen model of microfinance. In the case of Malaysia, impact studies in microfinance have suggested significant improvements on the income and livelihood of the poor. However, only a handful of micro-entrepreneurs have achieved high-performance in their business. Thus, what did these high-performance micro entrepreneurs have done so differently than the rest of their peers? Given the predominance of Muslim micro entrepreneurs in Malaysia, the study also examines whether there is any influence of Islamic faith in their business experience. If so, how did it influence their lived experiences as high-performance micro entrepreneurs? Hence, this study seeks to explore and interpret the lived experiences of these micro entrepreneurs by infusing Heidegger’s interpretive (hermeneutic) phenomenology as part of the study. Using the purposive sampling technique, the informants were selected from Amanah Ikhtiar Malaysia (AIM) for in-depth interviews. Nevertheless, only seven informants are chosen as the saturation point is reached at the seventh informant. Three main themes were inductively derived from the data and evidently, one of the themes suggested that religious values played a significant role in influencing business experience among high-performance micro entrepreneurs. This study hopes to provide a more robust understanding on the entrepreneurship enacted by entrepreneurs living in poverty settings hence serving a practical guidance to policy-makers and development experts in improving current policies.
format	Article
author	Hassan, Ida Saliny Salleh, Arfah Md Saad, Norma Krauss, S. E. Mohamed, Mustafa Omar
author_facet	Hassan, Ida Saliny Salleh, Arfah Md Saad, Norma Krauss, S. E. Mohamed, Mustafa Omar
author_sort	Hassan, Ida Saliny
title	Exploring the lived experiences of high-performance micro entrepreneurs in Malaysia: a hermeneutic approach
title_short	Exploring the lived experiences of high-performance micro entrepreneurs in Malaysia: a hermeneutic approach
title_full	Exploring the lived experiences of high-performance micro entrepreneurs in Malaysia: a hermeneutic approach
title_fullStr	Exploring the lived experiences of high-performance micro entrepreneurs in Malaysia: a hermeneutic approach
title_full_unstemmed	Exploring the lived experiences of high-performance micro entrepreneurs in Malaysia: a hermeneutic approach
title_sort	exploring the lived experiences of high-performance micro entrepreneurs in malaysia: a hermeneutic approach
publisher	National Research Council of Thailand
publishDate	2015
url	http://irep.iium.edu.my/47270/ http://irep.iium.edu.my/47270/ http://irep.iium.edu.my/47270/ http://irep.iium.edu.my/47270/1/47270_edited.pdf
first_indexed	2023-09-18T21:07:17Z
last_indexed	2023-09-18T21:07:17Z
_version_	1777411018173972480

Exploring the lived experiences of high-performance micro entrepreneurs in Malaysia: a hermeneutic approach

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