Microfinance Impact on Socio-Economic Empowerment
Open Access
- 21 January 2015
- journal article
- Published by Center for Strategic Studies in Business and Finance SSBFNET in International Journal of Finance & Banking Studies (2147-4486)
- Vol. 4 (1), 51-69
- https://doi.org/10.20525/ijfbs.v4i1.204
Abstract
The present study seeks to examine the role of microfinance and its impact on economic and social empowerment of women. The study used multi-stage stratified proportionate random sampling technique in the selection of the representative district, mandal/taluka, villages and households. Empirically acclaimed logistic regression model has been employed for analyzing significant impact of plausible socio-economic factors on women empowerment. The study found that the socio-economic indicators have undergone significant changes. It also emerged that there has been an increase in women participation in the household decision making process. The study suggests that the government should prepare suitable plans and programmes for the social and economic empowerment of women. The study also suggests that policy measures such as increase in frequency of SHG meeting, SHG training programme, increase in loan amount and ensuring effective utilization of the loan, may be the useful initiatives to enhance women empowerment, income and employment opportunities.Keywords
This publication has 9 references indexed in Scilit:
- Impact of microfinance of IBBL on the rural poor's livelihood in Bangladesh: an empirical studyInternational Journal of Islamic and Middle Eastern Finance and Management, 2010
- Significance of Gender-related Development Indicators: An Analysis of Indian StatesIndian Journal of Gender Studies, 2004
- Gender Mainstreaming in Poverty Eradication and the Millennium Development GoalsPublished by Commonwealth Secretariat ,2003
- Is India's Economic Growth Leaving the Poor Behind?Journal of Economic Perspectives, 2002
- Tackling the Down Side: Social Capital, Women’s Empowerment and Micro‐Finance in CameroonDevelopment and Change, 2001
- Income and employment effects of micro‐credit programmes: Village‐level evidence from BangladeshThe Journal of Development Studies, 1998
- Questioning EmpowermentPublished by Practical Action Publishing ,1997
- Rural credit programs and women's empowerment in BangladeshWorld Development, 1996
- Effect of Community Based Organization microcredit on livelihood improvementJournal of Bangladesh Agricultural University, 1970