Social capital is a concept that is broadly referred to as norms, networks, trust and forms of social connections that allow people to act collectively. This study explores the role of social capital in the process of developing micro-enterprises cooperatively. The study attempts to delve beneath how social capital manifests in different social contexts found in developing communities such as Masana. The field-work observations and the data collected through a qualitative research design provided abundant evidence of social capital, and the profile that emerged reaffirmed the argument that the outcomes of social capital can be both negative and positive. This study argues that to better leverage social capital for development initiatives, development planners and implementers need to understand social capital as potentially both a blessing and blight. Hopefully this sudy will contribute to the body of knowledge and influence development policies and interventions that leverage social capital for development initiatives. / Sociology / M.A. (Sociology)