Academic literature on the topic 'Microfinance, Poverty, Microcredit'
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Journal articles on the topic "Microfinance, Poverty, Microcredit"
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Acheampong, I. K., and S. E. Alnaa. "Impact of microcredit on poverty reduction among rural women in Ghana: The case of Upper East Region." Oguaa Journal of Social Sciences 7, no. 1 (October 1, 2013): 136–53. http://dx.doi.org/10.47963/joss.v7i1.588.
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The literature on microfinance reveals that microcredit is a powerful tool in reducing poverty. In consonance with this, the main objective of this study was to verify the impact of microcredit on poverty reduction among rural women in the Upper East Region of Ghana, using the Heckman method of estimation. In pursuance of this, data was collected from 500 women engaged in agro-processing of whom 250 were beneficiaries of microcredit and 250 non-beneficiaries. The results showed the existence of spatial differences in the levels of poverty in the Region. Respondents from Builsa, Kasena-Nankana, Bongo and Bawku West Districts had higher levels of weekly consumption expenditures and for that matter are better off than their counterparts from the Talensi/Nabdan District. Also the number of income generating activities and the number of sources of borrowing have a positive impact on poverty. The predicted weekly mean consumption expenditure indicated that respondents who received microcred: > are better off than those who did not receive microcredit as the.beneficiaries spend more per week than the non-beneficiaries. By implication, microcredit has a positive impact on poverty reduction among rural women engaged in agroprocessing in the Upper East Region. In the light of this, microcredit intervention should be strengthened in the Upper East Region since it has a positive impact on poverty reduction.
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Bahadur BK, Dr Man, and Medani P. Bhandari. "Microfinance Institutions: Instrumental for Promoting Financial Inclusion." Financial Markets, Institutions and Risks 5, no. 2 (2021): 72–85. http://dx.doi.org/10.21272/fmir.5(2).72-85.2021.
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This opinion paper provides a general overview of microfinance / microcredit which is considered one the major program to minimize the poverty, women empowerment and to socioeconomically inclusive society. There are number of success and failure stories mostly from Africa, Asia, and Latin America; however, the microfinance is global agenda of contemporary world. Based secondary sources, and own experience, the paper provides the general overview of microcredit, its success, the obstacles of microfinance and outlines very brief cases of Nepal and Bangladesh. And finally, paper provides a brief recommendation on how microcredit can be successful especially to the developing world.
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Ukanwa, Irene, Lin Xiong, and Alistair Anderson. "Experiencing microfinance." Journal of Small Business and Enterprise Development 25, no. 3 (June 18, 2018): 428–46. http://dx.doi.org/10.1108/jsbed-02-2017-0043.
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Purpose The purpose of this paper is to address the problem of why the poorest, most disadvantaged groups such as rural African women, benefit less from microfinance. The authors focus on the perception and experiences of ordinary rural entrepreneurial women on microfinance in a context of extreme poverty and where family responsibility and economic activities are closely intertwined. Design/methodology/approach The authors purposefully sampled 15 poor females with small businesses in two Nigerian villages. The key characteristic guiding the sampling was that the respondents had to be poor. The authors held two focus groups and ten interviews to capture their experience and understanding of microfinance. The authors used thematic analysis to establish patterns in the data. Findings For poor entrepreneurial women, a livelihood for survival, putting food on the table and paying school fees are priorities, not business growth. They see microcredit as debt and a great risk that could lead to irreversible losses. Family responsibilities for basic consumption needs of the household can affect their ability to repay loans; perceived dangers of microcredit may outweigh potential benefits. Research limitations/implications The theories, especially functionalist economic theory, do not take account of microfinance users’ experiences. Practical implications Microfinance should be aware that the poorest perceive microcredit differently and should eliminate the intimidating barriers raised to them. Instead of providing a means for the poor to alleviate poverty or coping strategies for them to manage cash flows and risks, microfinance causes fear and anxiety by demanding high rate of return in a very short period of time. Social implications The very poorest, who should be the beneficiaries of microfinance, are less likely to be able to benefit. The condition of poverty creates different realities for those at the base of the pyramid. Originality/value This research questions the neoliberal rationality assumptions that microfinance rest on; the paper fills a gap in the literature, i.e. how the potential borrowers themselves living in deep-rooted poverty perceive and experience microfinance.
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Popoola, M. Ak, Am N. Brimah, and A. R. Gbadeyan. "Financial Institutions Micro Loans: A Strategy for Reducing Poverty in Nigeria." Financial Markets, Institutions and Risks 3, no. 3 (2019): 13–17. http://dx.doi.org/10.21272/fmir.3(3).13-17.2019.
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This article summarizes the arguments and counter-arguments in the scientific debate on the use of microcredit by financial institutions as a strategic direction for poverty reduction in Nigeria. This study is aimed at studying the impact of microcredit operations provided by commercial banks to business entities, poverty indicators of the country. Five commercial and five microfinance banks of the state of Nigeria were selected as the object of the study. Methodological support of this work includes a survey method (for accumulating primary information on obtaining correct data of respondents on the dynamics of poverty indicators, reducing unemployment, training, skills, expanding income opportunities, etc.). The article presents the results of empirical analysis, showed a significant impact of microcredit processes of financial institutions to reduce poverty indicators in Nigeria.The author notes the need for banks in Nigeria to introduce less aggressive mechanisms for profit, that is, formed on a socialist basis. Based on the results of the study, the author proposed the following recommendations: financial and institutional promotion of major microfinance banks in Nigeria; the increase in government spending on the organization of seminars to prepare and expand business opportunities for community representatives to establish their own business, simplification of mechanisms for the provision of microcredit (on the principles of gender sensitivity, in particular for women entrepreneurs) and reduction of interest rates for entrepreneurs, which will improve both the indicators of financial and economic development of the country, and will contribute to the well-being of society as a whole. Keywords: financial institutions, microfinance banks, microcredit, poverty reduction.
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Haase, Dwight. "Revolution, Interrupted: Gender and Microfinance in Nicaragua." Critical Sociology 38, no. 2 (September 9, 2011): 221–40. http://dx.doi.org/10.1177/0896920511404443.
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Now reaching over 100 million families, the burgeoning microcredit movement has come to play a dominant role in the international development agenda. This is especially true in Nicaragua, where microcredit has supplanted the Sandinistas’ more radical approaches to poverty alleviation and women’s empowerment. Survey and focus group data from borrowers with seven prominent Nicaraguan microfinance institutions show that women benefit less than men from microcredit because they get smaller loans and they invest those loans in less lucrative businesses. Also, these women are constrained by household responsibilities. These findings call into question neoliberal notions that market forces can solve societal problems such as gender inequality.
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Attanasio, Orazio, Britta Augsburg, Ralph De Haas, Emla Fitzsimons, and Heike Harmgart. "The Impacts of Microfinance: Evidence from Joint-Liability Lending in Mongolia." American Economic Journal: Applied Economics 7, no. 1 (January 1, 2015): 90–122. http://dx.doi.org/10.1257/app.20130489.
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We present evidence from a randomized field experiment in rural Mongolia to assess the poverty impacts of a joint-liability microcredit program targeted at women. We find a positive impact of access to group loans on female entrepreneurship and household food consumption but not on total working hours or income in the household. A simultaneously introduced individual-liability microcredit program delivers no significant poverty impacts. Additional results on informal transfers to families and friends suggest that joint liability may deter borrowers from using loans for noninvestment purposes with stronger impacts as a result. We find no difference in repayment rates between both types of microcredit. (JEL G21, I32, I38, J16, L26, O15, O16)
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Razzaq, Shazma, Nadeem Maqbool, and Waseem Ul Hameed. "Factors Effecting The Elasticity Of Micro Credit Demand In Southern Punjab, Pakistan." International Journal of social Sciences and Economic Review 1, no. 2 (October 18, 2019): 46–53. http://dx.doi.org/10.36923/ijsser.v1i2.34.
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Purpose of the study: Microfinance institutions (MFIs) are delivering various services of microcredit, savings as well as insurance. The key objective of microcredit is to decrease the poverty level and for empowering the women as well as other poor people under various developing countries. There is the various factor which effects on the demand of microcredit. Therefore, the objective of the current study is to explore the factors which affect the demand for microcredit.
Methodology: In this conceptual study, the qualitative research technique was used. The data were collected from previous research studies and companies’ websites.
Main Findings: It is concluded that numerous factors may influence the demand for microcredit by the various borrowers. These comprise the interest rate, the relationship between lenders as well as borrowers, different government policies, gender differences, prospective beneficiaries, the creditworthiness of the borrower, transaction cost, limited access to credit, economic condition and the availability of information.
Applications: This helps analyze the barriers which the borrower and lender must face in operating the microcredit. In this way, microfinance institutions can take help from this study by considering these factors during the distribution of credit.
Novelty/Originality: The findings of this research study fulfilled the theoretical gaps in the literature by identifying the different fact which may help to revise the poverty level. Future research studies may focus on these factors, which may help to increase the economy and reduce poverty in southern Punjab, Pakistan.
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Gurses, Didem. "Microfinance and Poverty Reduction in Turkey." Perspectives on Global Development and Technology 8, no. 1 (2009): 90–110. http://dx.doi.org/10.1163/156914909x403207.
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AbstractEconomic vulnerability in Turkey is quite high for a middle-income country. About one fifth of the population still have no sufficient means to food, clothes, and shelter; furthermore they have very limited or no access to financial services. This paper, first, aims to provide a general overview of the country's poverty profile and to analyze its microfinance sector. The second objective is to assess the impact of the existing microcredit programs to combat poverty. The programs' effectiveness will be examined in terms of two issues: the success of microfinance programs in reaching the “core poor” and in pulling large segments of the poor population out of poverty.
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Almas, Hina, and Mubashir Mukhtar. "Measuring the Performance and Achievement of Microfinance Institutions Incorporating Subsidy Dependence Index and Outreach Index in Pakistan’s Case." Pakistan Development Review 54, no. 4I-II (December 1, 2015): 353–69. http://dx.doi.org/10.30541/v54i4i-iipp.353-369.
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The curse of poverty had remained a significant problem throughout the history of civilisations. Even in this era of development at least one third of the world population is suffering from the problem of poverty. With such a huge number of human beings living in such a deprived situation, it becomes very crucial to target this issue and search out feasible ways to overcome it. Microfinance has come one of the important tools for reducing poverty. It offers a solution by stimulating economic growth and development. Established microfinance institutions use many instruments to fulfill their promise of poverty reduction. One of those instruments is microcredit. Through this instrument microfinance institutions provide small-scale loans to individuals or groups so that the borrowers could initiate their business and break out of poverty cycle.
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Susila, Ihwan. "ANALISIS EFISIENSI LEMBAGA KEUANGAN MIKRO." Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan 8, no. 2 (December 1, 2007): 223. http://dx.doi.org/10.23917/jep.v8i2.1043.
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This article discuss about microfinance organizations. The research based on analysis of efficiency of Badan Kredit Desa (BKD) in Sukoharjo district in Central of Java Province. In the earlier, paper discuss about microfinance and its role in the economics development. Analysis data use Data Envelopment Analysis with three inputs and two outputs to analysis of financial performance and eight inputs and four outputs to analysis of general efficiency. This research found that from 169 BKD used as setting in this research, only 21 BKD have efficiency in finance performance and 73 BKD in general performance. In the future, microfinance organizations (BKD) need innovation especially in the system which originated in developing countries where it has successfully enabled extremely impoverished people to engage in self-employment projects that allow them to generate an income and, in many cases, begin to build wealth and exit poverty. Due to the success of microcredit, many in the traditional banking industry have begun to realize that these microcredit borrowers should more correctly be categorized as pre-bankable; thus, microcredit is increasingly gaining credibility in the mainstream finance industry and many traditional large finance organizations are contemplating microcredit projects as a source of future growth.
Dissertations / Theses on the topic "Microfinance, Poverty, Microcredit"
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Zetek, Pavel. "Efficiency of Microfinance Institutions in Latin America and Asia." Doctoral thesis, Vysoká škola ekonomická v Praze, 2013. http://www.nusl.cz/ntk/nusl-200216.
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The first chapter provides a comprehensive overview of microfinance academic literature with emphasis on recent innovations, trends and efficiency. In particular, we focus on controversial issues of microfinance, such as commercialization, regulation, interest rate policy and the balance between outreach and performance of MFIs. The next chapter especially investigates the role of public expenditures and general government debt in microfinance performance in Latin America and the Caribbean. Microfinance institutions finance their business activities primary with clients' deposits, equity or with external funding. The aim of the third chapter is to verify whether the external funding, macroeconomic development and the size of banking sector have some impact on a microfinance performance. This study investigates, as well, the possible reasons why many microfinance institutions have gradually experienced a decrease in the share of female borrowers in their portfolios over the last few years. The final chapter is focused on the impact of macroeconomic environment and internal variables of the microfinance sector on microfinance interest rates.
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Rahman, Sayma. "The impact of microcredit on poverty and women's empowerment a case study of Bangladesh /." View thesis, 2007. http://handle.uws.edu.au:8081/1959.7/36990.
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Thesis (Ph.D.) -- University of Western Sydney, 2007.A thesis presented to the University of Western Sydney, College of Law and Business, School of Economics and Finance, in fulfilment of the requirements for the degree of Doctor of Philosophy. Includes bibliographies.
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Salt, Rebekah. "An ethnography of women participating in a United States microcredit program /." Thesis, Connect to this title online; UW restricted, 2007. http://hdl.handle.net/1773/7186.
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Ahlén, Marie. "Rural Member-Based Microfinance Institutions : A field study assessing the impacts of SACCOS and VICOBA in Babati district, Tanzania." Thesis, Södertörns högskola, Institutionen för livsvetenskaper, 2012. http://urn.kb.se/resolve?urn=urn:nbn:se:sh:diva-16882.
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Microfinance has spread rapidly since the 1970s and gained a lot of international attention. Advocates mean it is a good way to reduce poverty, but still there is no consensus within the research about the impacts of microfinance and its contribution to poverty reduction.The aim of this study is to assess the members’ perceptions about the impacts of the rural member-based microfinance institutions (MFIs), Savings and Credit Cooperative Societies (SACCOS) and Village Community Bank (VICOBA), on members’ socio-economic situation as well as their perceptions about the contribution to poverty reduction and to identify potential obstacles. The study is mainly based on individual semi-structured interviews with members of SACCOS and VICOBA conducted between February and April 2012 in Babati district Tanzania and earlier research and studies within the area of microfinance and poverty reduction make up the theoretical framework. There is a general agreement among the members interviewed that these MFIs have positive impacts on their socio-economic situation. The results show that it helps to meet consumption needs, pay school fees, run small businesses, increase and diversify the income and the majority also believes that it can be a useful tool for poverty reduction. However, it doesn’t lead to poverty reduction automatically, it depends on how the loans are used and this study identifies several obstacles for SACCOS and VICOBA to be more effective and contribute more to poverty reduction. The main obstacles found are low repayment status, lack of capital and lack of education in both entrepreneurship and how these MFIs operate.
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Bayo, Soumahila. "Microcrédit et genre dans un contexte de pauvreté en haute Guinée." Thesis, Toulouse 2, 2017. http://www.theses.fr/2017TOU20126/document.
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Cette thèse a pour objet la compréhension des mécanismes de diffusion de la microfinance en relation avec les questions de genre en Haute-Guinée. En effet, l’examen des rapports sociaux en Haute-Guinée laisse entrevoir des disparités de genre au détriment des femmes. Majoritairement elles touchées par de nombreuses inégalités d’ordre socio-économique, culturel et politique : elles sont peu ou pas du tout impliquées dans le processus de prise de décision ; leur niveau d’instruction et de formation sont faibles par rapport à ceux des hommes ; elles sont exclues du contrôle des ressources productives et économiques (terres, arbres fruitiers, mines, pêche…). Cet état de fait a pour conséquence la dévalorisation de leur statut social, la charge considérable du travail domestique et surtout la paupérisation généralisée des femmes. Face à ces réalités, certaines femmes s’inscrivent dans des logiques d’emprunt de microcrédits pour démarrer, renforcer ou encore diversifier les activités génératrices de revenus dans les secteurs du commerce, de l’artisanat et de l’agriculture. C’est dans la perspective d’approfondir ce défi que cette thèse tente d’analyser les effets de la microfinance sur la vie des femmes de cette région de la Guinée.A partir d’une approche méthodologique essentiellement qualitative, l’examen des réalités de terrain révèle que la microfinance n’est pas une solution miracle pour lutter contre la pauvreté des femmes et les inégalités de genre. Elle peut tout aussi produire des effets inverses débouchant sur l’aggravation de leur situation économique et sociale (surendettement, pauvreté, migration, exclusion, divorce, prostitution, exposition au VIH/SIDA)The purpose of this dissertation is the understanding of the mechanisms of the development of microfinance in relation to gender issues in Upper Guinea, in the republic of Guinea. Indeed, the examination of social relations in Upper Guinea suggests gender disparities to the detriment of women. They are disproportionately affected by many socio-economic, cultural, and political inequalities: they have little or no involvement at all in the decision-making process; they have very low levels of education and training in comparison to men; they have no control over productive and economic resources (trees, fruit trees, mines, fishing, among others). This situation results in the devaluation of their social status, significant domestic workload, and above all, women’s generalized impoverishment. Confronted with this reality, some women adhere to the logic of borrowing, which is based on micro-credits in order to start, strengthen or diversify income generating activities in the trade, crafts and agriculture sectors. For the purpose of further exploring that issue, this dissertation attempts to analyze the effects of microfinance on women’s life in this region of Guinea.Using a methodological approach, which is primarily qualitative, the examination of field realities shows that microfinance is not a miracle solution to fight poverty among women and gender inequalities. It may just as well produce opposite effects resulting in the worsening of their economic and social situation (over-indebtedness, poverty, migration, exclusion, divorce, prostitution, exposure to HIV/AIDS)
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Kengue, Mayamou Pascal. "La microfinance en Tunisie et en Egypte : un outil au service du développement local." Thesis, Rennes 2, 2012. http://www.theses.fr/2012REN20012/document.
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La microfinance en Egypte comme en Tunisie répond depuis plusieurs décennies à un besoin permanent des populations qui sont exclues du système financier formel. Ces populations n’ont d’autres sources de financement que celles mises à disposition par les institutions de microfinance. Ces financements sont majoritairement axés sur le microcrédit, l’épargne, et les produits d’assurance. Notre recherche interroge l’influence et la capacité que la microfinance exerce dans les deux pays notamment pour leur participation à un autre mode de développement, local et socialement soutenable. Pour répondre à ces interrogations nous avons adopté une méthodologie mixte (recherche documentaire, interviews et enquêtes par questionnaires).Cette méthodologie a permis de mieux éclairer le problème de la microfinance à travers une typologie des institutions impliquées et de la capacité de ces institutions à faire face à la demande des populations dans les zones périurbaines et rurales de la Tunisie et de l’Egypte. Notre principale contribution théorique est de mettre en évidence que cet ensemble d’éléments constitutifs permet une analyse de l’impact de la microfinance sur le développement dans ces deux pays. Dans quelle mesure a-t-elle permis à la population de sortir de la pauvreté, quelle est sa place dans le développement local notamment dans les zones rurales et dans la périphérie des grandes villes du Caire et de Tunis ? Telles sont les principales questions que nous avons pu traiterMicrofinance in Egypt and in Tunisia as well has been given for decades an answer to the permanent need from populations that are excluded from the formal banking system. These populations have no other sources of finance than that of microfinance. These funds are mainly, microcredit, savings and insurance. Our research questions the influence and the capacity that microfinance exerts upon both countries especially on their participation to another development mode, local and socially sustainable. To address these questions we adopted a hybrid methodology (in depth documentation, interviews and surveys with questionnaires).This method has permitted to shed a better light on the microfinance issue through a typology of microfinance institutions and through their ability to meet the demand from the populations of rural and suburban areas in Tunisia and Egypt. Our main theoretical contribution is to make it clear that this whole set of elements allows an analysis about the impact of microfinance on development. To what extent does it enable the people to escape from poverty, what is its place in the local development especially in the rural and suburban areas in the large cities like Tunis and Cairo ? Here are the main questions we could deal with
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Koutná, Barbora. "Kvalita úvěrového portfolia mikrofinančních institucí." Master's thesis, Vysoká škola ekonomická v Praze, 2015. http://www.nusl.cz/ntk/nusl-264625.
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The first chapter of this thesis is an introduction to issue of microfinance. This chapter is about characteristic, targets and social importance of microfinance loans and about birth and history where microfinance started to help and who is founder of microfinance. There is also describing of today's microfinance market, the distribution and characteristics every single microfinance regions: number of microfinance institution, gross loan portfolio and another main attribute for every region. The aim of next chapter is to review actual trends which are typical for microfinance sector. The most important trends are new products, separation microfinance institutions for profit and non-profit institutions, financial sources, rising regulation of microfinancial institution and changing quality of gross loan portfolio in time. The last chapter is about the quality of loan portfolio selected states from Latin Amerika and Asia where the impact of internal and macroeconomics variables to quality of gross loan portfolio is tested by regression model.
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de, Goey Heleen. "The social impact of microfinance: what changes in well-being are perceived by women group borrowers after obtaining a group loan? : A participatory rural appraisal in Dar es Salaam Region, Tanzania." Thesis, Uppsala universitet, Institutionen för geovetenskaper, 2012. http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-179782.
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Worldwide, poverty remains to be an obstacle to achieve sustainable development and improve the well-being of people. Microfinance has become a popular tool for poverty alleviation and it can now be found in poor countries across the world. Microfinance is based on the principle that poor people can initiate their own development out of poverty, given they have the starting capital to do so. The capital can be invested in income-generating activities and it is assumed that this will lead to a higher income and additional positive effects, like an increase in well-being, will follow. However others argue that the focus on income is only one aspects of poverty, other forms of deprivation and constraints are excluded. This thesis aims to address how microfinance, the provision of credit in particular, has an influence on the well-being of women. A participatory rural appraisal was conducted in order to explore how women define well-being. The perspectives of four women groups from the urban and peri-urban areas of Dar es Salaam, Tanzania were included in understanding the local definition of well-being, the developments in their lives and the changes in well-being they have perceived. The results show that the group loans may contribute to positive changes in the well-being of women, but these changes cannot be attributed to the loans alone. The changes in well-being caused by the loan intertwine with other factors like group dynamics and family life; therefore the results need to be interpreted considering the specific context. Furthermore the results show that the changes in well-being are not necessarily related to an increase in income, thus contesting the assumptions on which microfinance is based.
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Sabin, Nicholas Edward. "Group structure and behaviour in microfinance : empirics from Sierra Leone." Thesis, University of Oxford, 2014. http://ora.ox.ac.uk/objects/uuid:77bff847-c50b-4e22-8859-5134ea74b7c2.
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The use of group lending for poverty alleviation is a widespread feature of modern microfinance. The structure of joint-liability credit - if one member defaults the others are held financially responsible - produces a natural tension between a borrower's social and economic interests. This study integrates theory from economics, sociology, and behavioural experiments to address the question, "How do social and economic mechanisms interact to shape a microcredit group's financial behaviour?" The empirical analysis involves an original dataset from a microfinance institution in Sierra Leone. The total dataset includes 7,025 joint-liability borrowers involved in 47,931 repayment transactions from 2005 to 2011. The empirical methods used are diverse: ethnographic fieldwork, GPS spatial analysis, social affiliation survey design, and multilevel statistical analysis of loan performance data. The original work is structured as three distinct papers. In the first paper, I examine social collateral, the formal use of a borrower's relationships as security against loan default. How does a group's spatial structure affect the efficacy of social collateral? Spatial concentration improves a group's economic performance up to a certain level after which the effect reverses and performance declines. The relationship is driven by a social trade-off between ability and willingness to enforce the loan. Further, groups that consist of multiple spatial fragments produce worse performance. Spatially fragmented groups are prone to splitting into social factions. In the second paper, I question what drives the self-selection process of microcredit group formation. The results show that group leaders prefer members with pre-existing social ties, who are spatially proximate, and have matching business types. The preference for socio-spatial factors is likely motivated by reducing the risk of strategic default by group members. In the third paper, I explore how economic cooperation in small groups evolves over years of repeated interaction. Despite the selective retention of better performing groups, average cooperation rates consistently decline, in terms of contribution and effort. Further, variance across groups continues to increase over 30 months of repeated interaction, suggesting that convergence to a stable cooperation rate has not occurred. Given that group lending exhibits many of the factors found to promote cooperation in laboratory experiments, it is surprising to find such a marked decline in this field setting. Overall, this thesis contributes to economic sociology by dissecting the difficult trade-offs between social and economic motives in group lending and offers policy implications for microfinance institutions regarding group formation heuristics, contract design, and loan management.
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Atiase, Victor Yawo. "The impact of FNGO services on the performance of micro and small enterprises : empirical evidence from the Volta Region, Ghana." Thesis, University of Wolverhampton, 2018. http://hdl.handle.net/2436/621812.
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Financial Non-Governmental Organisations (FNGOs) are regulated microfinance institutions (MFIs) that operate with the social welfare logic in the delivery of Microcredit (MC) and Entrepreneurship Training (ET) to the poor in Ghana. The provision of these two capitals (MC and ET) is aimed at supporting the poor to create sustainable Micro and Small Enterprises (MSEs) which is aimed at generating both skilled and unskilled employment. The major aim of this study is to investigate the impact of MC and ET delivered by FNGOs on the performance of MSEs in Ghana. Theoretically, the study adopts both the Institutional Theory and the Resource-Based View theory as the underlying theoretical frameworks, assuming that institutional and resource factors have a great influence on FNGOs in their delivery of MC and ET to MSEs in Ghana. The research design adopted in undertaking this study is based on the pragmatic research philosophy. Specifically, the mixed strategy with an explanatory triangulation method has been used. The mixed method has been adopted purposely for model testing as well as for exploring various issues on FNGOs and their role in the performance of MSEs. Primary data were collected through a quantitative method using a survey as well as through qualitative interviews. Adopting a stratified random sampling method, a total of 720 self-administered questionnaires were sent out in March 2017 to MSEs in the Volta Region of Ghana to collect primary data. Out of the number sent, 506 questionnaires were retrieved generating a response rate of 70.2%. Also, interviews were conducted with 10 MSEs. A multiple regression model was applied in measuring the impact of MC and ET on the performance of MSEs. The findings suggest that firm characteristics such as gender, managers educational level, industry category and business age correlate positively with employment sales and profitability growth which are statistically significant at 1% level. Secondly, the study also found that both MC and ET factors have a significant impact on MSE performance in the areas of employment, sales and profitability at 1% significant level. The qualitative findings also support the model tested in this study in the sense that the combined approach of both MC and ET have a significant impact on MSE performance in Ghana. This study has made two main contributions. Firstly, the provision of MC by FNGOs can only have the desired impact on the performance of MSEs if it is combined with entrepreneurship training, thereby leading to a sustainable employment, sales and profitability growth. Therefore, by using the 506 MSEs financed by FNGOs in the Volta region of Ghana, this study has for the first time in the Ghanaian microfinance landscape tested an empirical model and came out with meaningful findings for effective integration of ET into microfinance to improve the delivery of financial services to MSEs in Ghana by FNGOs and other socially oriented MFIs. The study has therefore developed a practical framework for ensuring that ET is provided alongside the delivery of MC in order to have the desired impact on the performance of MSEs. The study provided implications for policy and practice for making MC and ET more accessible to MSEs to achieve the desired goal of creating employment. Secondly, even though FNGOs play a very important role in providing entrepreneurial finance to MSEs particularly in developing countries, it has received insufficient research attention. This study has, therefore, added to the scanty research available about FNGOs and their contribution to entrepreneurship development and poverty reduction in developing countries.
Books on the topic "Microfinance, Poverty, Microcredit"
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1949-, Ahmed Salehuddin, Hakim Muhammed Abdul, and Palli Karma-Sahayak Foundation (Bangladesh), eds. Attacking poverty with microcredit. [Dhaka]: Palli Karma-Sahayak Foundation, 2004.
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Fighting poverty with microcredit: Experience in Bangladesh. New York: Oxford University Press, 1998.
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Johnson, Susan. Microfinance and poverty reduction. [United Kingdom]: Oxfam, 1997.
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Moorsom, Richard. Social action and microcredit funds in Malawi: A pilot study. Fantoft-Bergen, Norway: Chr. Michelsen Institute, 1997.
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Samad, Hussain A., 1963- author and Institute of Microfinance (Bangladesh), eds. Are microcredit participants in Bangladesh trapped in poverty and debt? Dhaka: Institute of Microfinance, 2014.
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Zaman, Hassan. Poverty and BRAC's microcredit programme: Exploring some linkages. Dhaka: BRAC-ICDDR, B Joint Research Project, 1997.
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Chakrabarti, Rajesh. Microfinance in Eastern India--a clinical study: Poverty alleviation through rural and microcredit institutions. New Delhi: Bazaar Chintan, 2003.
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Seminar on Sustainable Local Community Development and the Role of Microcredit in Rural Development (1999 Bangkok, Thailand). Fighting poverty with microfinance: Report of the Seminar on Sustainable Local Community Development and the Role of Microcredit in Rural Development, 22-26 March 1999, Bangkok, Thailand. Dhaka: Centre on Integrated Rural Development for Asia and the Pacific, 2000.
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Khandker, Shahidur R. Fighting Poverty with Microcredit: Experience in Bangladesh. The University Press Limited, 1999.
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Microcredit And Poverty Alleviation. Ashgate Publishing, 2007.
Find full textBook chapters on the topic "Microfinance, Poverty, Microcredit"
1
Alhassan, Yahaya, Francis Kuagbela, Caesar D. Nurokina, and Bernard Appiah. "The Role of Microfinance in Africa." In Microfinance and Sustainable Development in Africa, 54–81. IGI Global, 2022. http://dx.doi.org/10.4018/978-1-7998-7499-7.ch003.
Full textAbstract:
This chapter examines the role of microfinance in developing countries, particularly Ghana and Nigeria. The chapter begins with an overview of the link between microfinance, poverty, and women empowerment in the chapter introduction. The background to the chapter sets out the main difference between microfinance and microcredit. The role of microfinance in contemporary development finance is then discussed. In this context, existing literature on the role of microfinance in reducing poverty, women empowerment, and microenterprise growth is extensively reviewed. Key solutions and recommendations are then presented next, followed by future research direction and the chapter conclusion.
2
Alhassan, Yahaya, Francis Kuagbela, Caesar D. Nurokina, and Bernard Appiah. "The Role of Microfinance in Africa." In Research Anthology on Microfinance Services and Roles in Social Progress, 111–32. IGI Global, 2022. http://dx.doi.org/10.4018/978-1-6684-7552-2.ch007.
Full textAbstract:
This chapter examines the role of microfinance in developing countries, particularly Ghana and Nigeria. The chapter begins with an overview of the link between microfinance, poverty, and women empowerment in the chapter introduction. The background to the chapter sets out the main difference between microfinance and microcredit. The role of microfinance in contemporary development finance is then discussed. In this context, existing literature on the role of microfinance in reducing poverty, women empowerment, and microenterprise growth is extensively reviewed. Key solutions and recommendations are then presented next, followed by future research direction and the chapter conclusion.
3
Castro, Omar Alonso Patiño. "Key Aspects to Develop Long-Term Microfinance and Financial Inclusion for Social Development." In Handbook of Research on Social Entrepreneurship and Solidarity Economics, 257–78. IGI Global, 2016. http://dx.doi.org/10.4018/978-1-5225-0097-1.ch014.
Full textAbstract:
This chapter presents the main guidelines for microfinance to be a successful financial model, mainly for who do not have any access to the traditional financial market. The model can be active for reaching one of its main objectives (to reach poverty eradication worldwide). This will be achieved only if the microcredit institutions do not consider the operating conditions that may oblige them to be part of the traditional financial system. Nowadays, governments, financial sectors, and multilateral agencies have focused their efforts on financial inclusion, as a first experience before using a broad portfolio of microcredit services.
4
Castro, Omar Alonso Patiño. "Key Aspects to Develop Long-Term Microfinance and Financial Inclusion for Social Development." In Socio-Economic Development, 340–61. IGI Global, 2019. http://dx.doi.org/10.4018/978-1-5225-7311-1.ch019.
Full textAbstract:
This chapter presents the main guidelines for microfinance to be a successful financial model, mainly for who do not have any access to the traditional financial market. The model can be active for reaching one of its main objectives (to reach poverty eradication worldwide). This will be achieved only if the microcredit institutions do not consider the operating conditions that may oblige them to be part of the traditional financial system. Nowadays, governments, financial sectors, and multilateral agencies have focused their efforts on financial inclusion, as a first experience before using a broad portfolio of microcredit services.
5
Saiz-Alvarez, José Manuel, Jorge Colvin-Díez, and Jorge Hernando Cuñado. "Digital Entrepreneurial Charity, Solidarity, and Social Change." In Socio-Economic Development, 921–42. IGI Global, 2019. http://dx.doi.org/10.4018/978-1-5225-7311-1.ch048.
Full textAbstract:
Microcredit has been studied from many perspectives. In this work, the authors analyze KIVA, the most important Person-to-Person microfinance organization from the viewpoint of social change, and they consider how it has impacted on the nascent of a new wave of entrepreneurs known as digital entrepreneurial charity. Applied to KIVA, the authors analyze the impact of the digital space and its Internet-based Peer-to-Peer Lending to create social change in the poor, while alleviating the poverty thanks to solidarity and charity. This work concludes affirming that banking the poor and education, with the intensive use of Internet-based devices, is the best way to alleviate poverty in the digital and globalized economic world. Finally, after their last research, the authors found some critics about Kiva and microcredits which might be interesting to be considered and these have been analyzed at the end of this work.
6
Saiz-Alvarez, José Manuel, and Jorge Colvin-Díez. "Digital Entrepreneurial Charity and Solidarity for Social Change." In Wealth Creation and Poverty Reduction, 495–514. IGI Global, 2020. http://dx.doi.org/10.4018/978-1-7998-1207-4.ch030.
Full textAbstract:
Microcredit has been studied from many perspectives. In this chapter, we analyze KIVA, the most important Person-to-Person microfinance organization from the perspective of social change, and we study how it has impacted on the nascent of a new wave of entrepreneurs known as digital entrepreneurial charity. Applied to KIVA, we analyze the impact of the digital space and its Internet-based Peer-to-Peer Lending to create social change in the poor, while alleviating the poverty thanks to solidarity and charity. This work concludes affirming that banking the poor and education, with the intensive use of Internet-based devices, is the best way to alleviate poverty in our digital and globalized economic world.
7
Saiz-Alvarez, José Manuel, and Jorge Colvin-Díez. "Digital Entrepreneurial Charity and Solidarity for Social Change." In Advances in Business Strategy and Competitive Advantage, 172–92. IGI Global, 2017. http://dx.doi.org/10.4018/978-1-5225-0953-0.ch009.
Full textAbstract:
Microcredit has been studied from many perspectives. In this chapter, we analyze KIVA, the most important Person-to-Person microfinance organization from the perspective of social change, and we study how it has impacted on the nascent of a new wave of entrepreneurs known as digital entrepreneurial charity. Applied to KIVA, we analyze the impact of the digital space and its Internet-based Peer-to-Peer Lending to create social change in the poor, while alleviating the poverty thanks to solidarity and charity. This work concludes affirming that banking the poor and education, with the intensive use of Internet-based devices, is the best way to alleviate poverty in our digital and globalized economic world.
8
Devi, K. R. Lakshmy. "22. Microcredit programmes, poverty alleviation and empowerment of women – some empirical evidence from Kerala." In Microfinance challenges: empowerment or disempowerment of the poor?, 319–24. Institut Français de Pondichéry, 2005. http://dx.doi.org/10.4000/books.ifp.4872.
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9
Kasoga, Pendo Shukrani, and Amani Gration Tegambwage. "Microfinance, Energy Poverty, and Sustainability." In Handbook of Research on Energy and Environmental Finance 4.0, 25–49. IGI Global, 2022. http://dx.doi.org/10.4018/978-1-7998-8210-7.ch002.
Full textAbstract:
The role of microfinance in reducing energy poverty among Tanzanian micro-borrowers is examined in this chapter. A standardized questionnaire was used to conduct a survey of 490 micro-borrowers. The data was analyzed using the multiple regression technique. Micro-borrowers are eager to spend on modern energy sources for cooking and other activities, according to the findings. Affordability and willingness to spend on contemporary energy sources for cooking have a substantial positive impact on their usage. The willingness to utilize modern energy sources for other purposes has a significant positive impact on their usage. Age, marital status, and education have no bearing on the use of modern energy sources for cooking and other purposes. The use of modern energy sources for other purposes, but not for cooking, is significantly influenced by household size. Microcredits customized for contemporary energy sources should be implemented to combat energy poverty.