This paper contributes to the emerging literature on inhabited institutions. It argues that institutional entrepreneurship, as most social action, is not an individual-bounded endeavor, at the hands of isolated individuals, but a group-bounded one, at the hands of social individuals inhabiting groups which motivate, inspire, and enable their engagement. The inhabited group-bounded conceptualization offered helps to overcome voluntaristic biases and atemporalism plaguing much micro research on institutional entrepreneurship. The paper builds on a qualitative case study of the emergence of commercial microfinance in Bolivia.
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