THE IMPACT OF MICRO FINANCING ON WOMEN: A BRIEF REVIEW OF THE LITERATURE
DOI:
https://doi.org/10.47604/ijfa.1565Keywords:
Microcredit, Microfinance, Women Entrepreneurs, Economic Empowerment, COVID19Abstract
Purpose: To assess how women entrepreneurs have been impacted by microfinance.
Methodology: Brief review of the literature.
Findings: Microfinance has been one of the development tools used to empower disadvantaged women entrepreneurs. The microfinance sector is increasingly being seen to be lucrative and the recent profit focus by new players in this sector and the effects of the COVID 19 pandemic are likely to reduce the social performance gains.
Unique contribution to theory, practice and policy: There is theory that access to microfinance by women leads to women empowerment, improved livelihoods and decision making. The literature review supports the theory but also highlights that microfinance on its own cannot succeed without addressing other socio economic challenges such as gender violence. Future studies needs to take an in-depth view of the socio economic challenges and how they can be mitigated once women are empowered.
Downloads
References
Addai, B. (2017, January). Women empowerment through microfinance: Empirical evidence from Ghana email address. Journal of Finance and Accounting, 5(5), 1 - 11. doi:10.11648.j.jfa.20170501.11
Aggarwal, R., Goodell, J. W., & Selleck, L. J. (2015). Lending to women in microfinance: Role of social trust. International Business Review, 24, 55-65. doi:10.1016/j.ibusrev.2014.05.008
Ahmed, A. M., Mohamed, Z., Iliyasu, A., & Rezai, G. (2017). Impact of microfinance on the efficiency of maize producers in Nigeria. American Journal of Applied Science, 14(5), 569-577. doi:10.3844/ajassp.2017.569.577
Arshad, S., Aisha, I., Gillani, S. M., & Osman, S. (2021). Is Women Empowerment a Zero-Sum Game? Unintended Consequences of Microfinance for Women’s Empowerment in Pakistan. Estudios Economia Aplicada, 39(4). doi:10.25115/eea.v39i4.4584
Baklouti, I. (2013). Determinants of Microcredit Repayment: The Case of Tunisian Microfinance Bank. African Development Review, 25(3), 370 - 382. doi:10.1111/j.1467-8268.2013.12035.x
Bhuiyan, , A. B., Siwar, C., Ismail, A. G., & Md. Islam , A. (2012). Microfinance and sustainable livelihood: A conceptual linkage of microfinancing approaches towards sustainable livelihood. American Journal of Environmental Sciences, 28-333. doi:10.3844/ajessp.2012.328.333
Bilau, J., & St-Pierre, J. (2018). Microcredit repayment in a European context: Evidence from Portugal. The Quarterly Review of Economics and Finance, 68, 85-96. doi:10.1016/j.qref.2017.11.002
CGAP. (2021). About. Retrieved March 15th, 2021, from CGAP: hhttps://www.cgap.org/about
Christen, P. R., Lyman, T. R., & Rosenberg, R. (2003). Microfinance consensus guidelines - Guiding principles on supervisions and regulation of micro fimamce institutions. CGAP /World Bank Group. Retrieved from https://openknowledge.worldbank.org/handle/10986/16958
Copestake,, J., Cabello, M., Goodwin-Groen, R., Gravesteijn, R., Humberstone, J., Johnson, S., . . . Titus, M. (2015). Towards a plural history of microfinance. Bath Papers in International Wellbeing. Retrieved from https://researchportal.bath.ac.uk/en/publications/towards-a-plural-history-of-microfinance-2
Cotler, P. (2010). What drives lending interest rates in the microfinance sector. Microfinance Workshop. University of Groningen, The Netherlands.
DFID. (2001). Briefing sustainable livelihoods and poverty elimination . DFID.
Dworkin, S. L., & Blankenship, K. (2009). Microfinance and HIV/AIDS Prevention: Assessing its Promise and Limitations. AIDS and Behaviour, 13(3), 462 - 469. doi:10.1007/s10461-009-9532-3
Ghosh, S., & Neogi, C. (2017). Access to finance, entrepreneurship, and empowerment: A case study. In C. Neogi, A. K. Bhandari, & S. Ghosh (Eds.), Women's entrepreneurship and microfinance (Vol. 1, pp. 173 - 189). Singapore: Springer. doi:10.1007/978-981-10-4268-3_10
Goto, M., & Negash, F. A. (2016, 12). The Effect of Microfinance Institutions in in Growth and Development of Small Businesses. Hokkaido University Collection of Scholarly and Academic Papers : HUSCAP. Retrieved May 27, 2022, from https://eprints.lib.hokudai.ac.jp/dspace/bitstream/2115/64297/1/ES_66(2)_067-090.pdf
Grameen Italia. (nd). Professor Yunus and the origins of Grameen Bank. Retrieved March 10, 2021, from Grameen Italia: https://www.grameenitalia.it/la-fondazione/professor-yunus-and-the-origins-of-grameen-bank/?lang=en
International Finance Corporation. (2020). Women's Access to Finance Critical for COVID Recovery, Says IFC. Retrieved March 12, 2021, from Press Room: https://pressroom.ifc.org/all/pages/PressDetail.aspx?ID=26112
Islam, S. M., & Islam, T. (2018, September). Micro-finance for women empowerment: A Rural-urban analysis. Information Management and Business Review, 10(3), 38-46. doi:10.22610/imbr.v10i3.2462
Karim, L. (2011). Microfinance and its Discontents: Women in Debt in Bangladesh. Minneapolis: University of Minnesota Press. doi:10.5749/minnesota/9780816670949.001.0001
Khanam, D., Mohiuddin, M., Hoque , A., & Weber, O. (2018, September 18). Financing micro-entrepreneurs for poverty alleviation: a performance analysis of microfinance services offered by BRAC, ASA, and Proshika from Bangladesh. Journal of Global Entrepreneurship Research, 8(27). doi:10.1186/s40497-018-0114-6
Kumar , D., Hossain, A., & Gope, M. C. (2015). Role of micro credit program in empowering rural women in Bangladesh: A study on Grameen Bank Banglades. Asian Business Review, 3(4). doi:10.18034/abr.v3i2.94
Mayoux, L. (1999). Questioning Virtuous Spirals: Microfinance and Women’s Empowerment in Africa. Journal of International Development, 11(7), 957-984. doi:10.1002/(SICI)1099-1328(199911/12)11:7<957::AID-JID623>3.0.CO;2-%23
Meki, M., Morduch, J., Ogden, T., Quinn , S., & Said, F. (2020, September 6). How will coronavirus change the global microfinance industry? Aid and International Development. Retrieved April 16, 2020, from https://www.economicsobservatory.com/how-will-coronavirus-change-global-microfinance-industry
Microfinance Barometer. (2019). 10 years already! A look back at the trends in microfinance. European Microfinance Platform. Retrieved April 15, 2021, from https://www.european-microfinance.org/sites/default/files/document/file/Microfinance-Barometer-2019
Nukpezah , J. A., & Blankson, C. (2017, July). Microfinance intervention in poverty reduction: A study of women farmer entrepreneurs in Rural Ghana. Journal of African Business. doi:10.1080/15228916.2017.1336915
Salgado, C. C., & Aire, R. F. (2018, July 16). Microcredit and Gender: Are There Differences in the Credit Conditions? BAR - Brazilian Administration Review, 15(2). doi:10.1590/1807-7692bar2018180019
Seibel, H. D. (2003, June). History matters in microfinance. Small Enterprise Development – An International Journal of Microfinance and Business Development, 14(2), 10 - 12. Retrieved June 18, 2022, from http://hdl.handle.net/10419/23549
Suesse, M., & Wolf , N. (2020, January 13). Origins of Microfinance. Retrieved March 15, 2021, from https://voxeu.org/article/origins-microfinance
Thrikawala, S., Locke, S., & Reddy, K. (2013). Social performance of microfinance Institutions (MFIs): Does existing practice imply a social objective. American Journal of Business and Management, 2(2), 173-180. doi:10.11634/216796061302340
Yogendrarajah , R., & Dissanayake, S. (2015, October). A Study on Empowerment of Rural Women Through Microcredit Facilities in Sri Lanka. Management Studies, 3(9-10), 237 - 246. doi:10.17265/2328-2185/2015.0910.002
Yusuff , Y. Z., Bakar , A. A., & Ahmad, S. (2016). Microfinance and Women Entrepreneurs’ Business Performance: The Mediating Role of Social Capital. Journal for Studies in Management and Planning, 2(6). Retrieved April 19, 2021, from core.ac.uk/download/pdf/83552803.pdf
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2022 Chintu Glenda Mwando Mazakaza , Dr. Collins Otieno Odoyo
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution (CC-BY) 4.0 License that allows others to share the work with an acknowledgment of the work’s authorship and initial publication in this journal.
