This study set out to investigate the influence of Microfinance Institutions on economic empowerment of women; the case of Nyalenda Slums in Kisumu district in Kenya. Women play critical role in national development unfortunately they are worst affected by poverty and multiple disadvantages. Microfinance institutions have been viewed as key stepping stone to enable women graduate from poverty to more stable economic situation by providing women with alternative sources of financial services. The purpose of this study was to investigate the influence of microfinance institutions on economic empowerment of women in Nyalenda slums. The study was guided by the following three objectives: First to establish the extent to which entrepreneurial training influence economic empowerment of women in Nyalenda slums; Second to examine the level at which financial services offered by microfinance institutions influence economic empowerment of women in Nyalenda slums and third to investigate the extent to which the role played by women groups in accessing microfinance services influence economic empowerment of women in Nyalenda slums. The research design used for this study was descriptive survey.
Developing countries like Ethiopia,Microfinance institutions play a vital role in reduction of poverty and improvement the living condition of poor people particularly women who did not have access to formal financial services. One of the objectives of Millennium Development Goals(MDG) is women’s empowerment and gender equality. Economic empowerment is improving women’s access to income-earning opportunities and productive assets. Women are the main participants and beneficiaries of microfinance programs in many countries. Microfinance serves as a means to empower the poor women, to create their own assets and involve them in decision making. This book is concentrated on the impact of microfinance programs on economic empowerment of rural women. Thus, compared with the result of non-clients, clients of Wisdom MFI improved their household incomes, access to and control over household resources and saving practices at adama district in Ethiopia. Strengthening microfinance programs, capacitating clients on use and management of financial activities and integration of external shocks in development intervention will enhance more economic empowerment of rural women.
Due to the patriarchal nature of Nigerian society, culture can be an impediment to poverty reduction and empowerment for poor women. Therefore, the objective of this book was to assess how microfinance empowers women given the cultural norms in Osun State, Nigeria. The assessment involved an examination of the access of women in the informal sector to microfinance programmes, the patriarchal cultural norms in the state, the effect of microfinance and influence of cultural norms on the empowerment of women. The study found that the women found informal sources of microfinance more accessible. In addition, women who access microfinance exhibit a high level of empowerment in the economic, interpersonal and familial, and psychological dimensions, but carry the greater burden for the welfare of the family. The study results affirm the significant role of microfinance in women empowerment and the need for the strengthening of informal sources of microfinance. It also brings to fore the need for women groups to advocate for political representation for women, and changes in cultural norms and practices that are inimical to women.
It is a painstaking study on Empowerment of women with a focus on Economic Empowerment of Women. The concept of ‘Empowerment’ in India in the earlier days focused mainly on economic empowerment. This study brings out the empowerment aspect using the traditional activity of women – dairying. The Dairy development as a tool of economic empowerment emerged first in Gujarat. Among the southern states, Andhra Pradesh is a leader in Dairying activity. The author has rightly chosen a comparative study of dairy development as a means of Economic Empowerment of women taking Anand district in Gujarat and Chittoor district in Andhra Pradesh. This pioneering study leads the way for many future studies where the traditional occupation of women like agriculture and sericulture can be used as a tool for empowering women economically. The economic empowerment leads the way to social empowerment and political empowerment.
Achieving gender equality and empowering women in microfinance remains a key consideration in Kenya's Medium Term Plan 2008 – 2012 and Vision 2030 respectively, where entrepreneurship is identified as one of the key drivers of socio economic transformation. It’s in this respect that this study sought to explore the impact of Women Enterprise Fund (WEF) on promoting women empowerment on governance in Kenya. Examining the relationship between access to WEF and women empowerment on governance in Bondo District was explicitly the focus of the study.
In Uganda, women especially those in rural areas have been identified as the majority among the poor with neither a steady income nor collateral to secure loans in formal banks. As a result, a variety of microfinance initiatives were designed combining financing and social inter-mediation strategies to enable the poor access credit using a member’s savings rather than formal collateral such as land. The government of Uganda and the private sector have invested a substantial amount of money towards achieving women’s economic empowerment through microfinance institutions. Despite this investment, information regarding women economic empowerment through the use of loan facilities is still lacking. This book analyses the factors that constrain women in the access and use of credit for economic empowerment. The main argument here is that provision of credit alone, is not sufficient enough to elevate the economic status of the poor. The main idea here is that women need to play an active role in their own empowerment by being facilitated to make informed business choices and participate in making decisions concerning the allocation and control of their income.
The book “MICROFINANCE AND ITS ROLE ON RURAL DEVELOPMENT” is a collection of ten chapters. The chapters presented in this book has covered various dimensions concerning microfinance and its development aspects. The contributors discuss the socio-economic impacts of microfinance, impacts of microfinance in rural development, women empowerment through microfinance, microfinance and banking linkage, Structure of Rural Market, Financial Inclusion etc. The book can be very useful for the students, scholars & people of such field in the worldwide. It can also help Government & the policy makers for adopting various policies in such field.
Microfinance in North East India is a comprehensive reference book based on empirical research. The present volume aims to appraise the microfinance programme in the region with special reference to Assam and Meghalaya and to examine the socio-economic impact of microfinance with specific reference to SHG members. Apart from providing a theoretical framework of microfinance, the book covers extensively the pace of growth and development of microfinance in India with special reference to the north east India. A region wise comparative analysis on outreach of microfinance is also presented in the book. The volume reveals the findings of an empirical study conducted in five districts covering Assam and Meghalaya which focuses on impact of microfinance on income, employment, consumption, asset holding, living standard, access to facilities and social empowerment. This book will be especially useful for researchers, policy makers, economic thinkers and practitioners of microfinance. It will also be useful for general readers having interests in economic and social issues.
Since the Grameen Bank movement of Nobel Laureate Economist of Bangladesh Md. Yunus, the Self-Help Groups (SHGs) are considered to be instrumental for economic empowerment of Women across the globe. The present study is concentrated on the role of SHGs on economic empowerment of Women in Sunderbans of India, a region with a lot of natural adversity and with rich bio-diversity which was inscribed by UNESCO as World Heritage Site. The book is primarily addressed for researchers, policy framers working in the field of Women Empowerment through formation of Self-Help Groups.
This book entrusts the concepts of Microfinance, emergence of microfinance, procedure and stages of Self-Help-Group (SHG) formation, highlights the progress and examine the role government agencies and financial institutions in its promotion and development in India. It also explains the role microfinance in rural development through women empowerment by examining the performance of different activities of SHGs and phase-wise growth. The book also emphasis on evaluating the performance of SHGs in entrepreneurship development for self-sustaining income generation, lead their livelihood standard.The book also explores the marketing aspects of microfinance and tries to illicit the strengths and constraints.
Women empowerment increases the ratio of political equality, which includes not only the equal rights to franchise but also the more important rights to gain access to the formal institutionalized centers of power. It is often strongly argued that education is a powerful tool in the empowerment of women. Economic independence or self generated income is considered as the major means of empowerment of women. Thus, the prevailing value system has put so many hurdles on the path to women’s equality through economic empowerment. Empowerment of women is a complicated and uphill task, to a large extent, women’s empowerment will be at the expense of the power that larger sense, men will gain and not loose by the sharing of power with women.
In recent past, a number of studies have come up with the deliberations on different issues related to gender bias, status and empowerment of women in various fields. But there has not been any attempt to provide a single measure of empowerment, relate level of empowerment with the indicators. The current volume besides providing a regional analysis of deprivation of women on various counts and an idea of empowerment on available criteria; provided a measure of empowerment by an index constructed on the basis of a number of attributes indicating the status and empowerment of women in the family and society as well. It also includes case studies on poverty, gender based development and gender empowerment measures. The book also provides analysis of capability deprivation, impact of factors on the level of empowerment, characteristics of empowerment in various underdeveloped region; segregation and glass ceiling in various activities; status of women in terms of socio-economic-political & educational achievement, nutritional intake, and also highlighted the scope of progress in terms of empowerment.
Microfinance is emerging as a powerful instrument for poverty alleviation in the new economy. In India, the emergence of liberalization and globalization in early 1990’s aggravated the problem of women workers in unorganized sectors from bad to worse amongst of the women who were engaged in various self employment activities have lost their livelihood. Despite in tremendous contribution of women to the agriculture sector, their work is considered just an extension of household domain and remains non-monetised. The women empowerment has helped the women to enjoy a better status in this economy which contributes towards the general upliftment of the poor as whole. Economic empowerment results in women’s ability to influence or make decision, increased self confidence, better status and role in household etc. Micro finance is necessary to overcome exploitation, create confidence for economic self reliance of the rural poor, particularly among rural women who are mostly invisible in the social structure.
Microfinance sector has evolved as an effective tool for the socio-economic development of the poor households. However, concern persists on institutions sustainability for greater outreach and welfare impact of microfinance program for inclusive growth and development. This book examines the sustainability and outreach of microfinance institutions along with the impact of ‘microfinance-plus services’ on member-households.