Evaluating the role of microfinance institutions in enhancing the livelihood of urban poor

Hasan, Nazia; Singh, Anjani; Agarwal, Manoj K.; Kushwaha, Bijay Prasad

doi:10.1108/jeas-09-2021-0175

Cited by 8 publications

(6 citation statements)

References 37 publications

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“…Findings from another study of nationally representative survey data, the China Family Panel Studies, analyzed using an endogenous switching probit model that accounts for selection bias for both observed and unobserved factors, suggested that access to credit stimulates farmers' decisions to participate in farmland rental markets by increasing the likelihood of renting in farmland by 10% and of renting out by about 20% (Li et al, 2020). Literature on the spread of microfinance in urban areas shows a considerable impact on poverty reduction, standard of living, social well‐being, empowerment, and entrepreneurship among the urban poor (see, for instance, Hasan et al, 2022). In another recent study, Bel Hadj Miled (2023) found access to credit to have a positive and significant impact on Tunisian women's work, attitudes toward income increase, execution of microprojects, and schooling attendance.…”

Section: Related Literature On Microcredit and Women's Empowermentmentioning

confidence: 99%

Empowering women through microcredit in Djibouti

Abdallah Ali,

Mughal,

Chhorn

2024

Review Development Economics

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In this study, we construct original measures of women's empowerment in economic, social, and interpersonal dimensions to estimate the effect of microcredit on women's empowerment in Djibouti. Using survey data covering 2060 Djiboutian households, we examine the extent to which access to microcredit, the amount of loans obtained, and their duration modify women's status at home. We employ an instrumental variables strategy and develop three instruments: (i) household's membership of a saving and credit cooperative, (ii) the availability of formal banks at the village or community level, and (iii) the availability of formal cooperatives at the village or community level. We find that microcredit has positive and significant effects on women's autonomy, but these effects become significantly negative as the number of loans taken out increases and as the length of time spent in the program rises. Women from households with access to micro‐loans are respectively 45.0%, 41.4%, and 15.7% more likely to be economically, socially, and interpersonally empowered. The results of the study are robust across specifications and econometric techniques employed and confirm the generally mixed socioeconomic effects of microcredit programs.

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Section: Related Literature On Microcredit and Women's Empowermentmentioning

confidence: 99%

Empowering women through microcredit in Djibouti

Abdallah Ali,

Mughal,

Chhorn

2024

Review Development Economics

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“…This shift is driven by the need to adhere to regulatory mandates and to exploit emerging market segments. Microfinance institutions are dedicated to supplying modest loans and related financial services to those with low incomes and micro-entrepreneurs (Hasan et al, 2022). Non-profit organizations frequently operate as intermediaries, harnessing their community connections to advance financial inclusivity (Bals et al, 2023).…”

Section: Market Playersmentioning

confidence: 99%

Research on the Development of Inclusive Finance in Hong Kong: A Fintech Perspective

Xiangshan

2024

IJEF

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The concept of inclusive finance encompasses the dissemination of accessible, efficient, and affordable financial services to every segment and stratum of society, fostering the broader reach and intensification of financial services. As the global economy evolves, inclusive finance has emerged as a critical component within the financial frameworks of numerous nations. Nevertheless, conventional financial systems exhibit certain constraints when catering to micro, small, and medium enterprises, as well as individuals with lower incomes, leaving unresolved issues of service universality and disparities in financial access. Financial technology, or FinTech, involves a collection of technologies and business models that leverage technological innovation to create new financial products, enhance service delivery, and streamline financial operations, thereby improving overall efficiency. The advent of FinTech presents both new avenues and challenges for the integration of financial services. Hong Kong, a prominent international financial hub, boasts a sophisticated, resilient, and highly liberalized financial architecture. The surge in FinTech innovation within Hong Kong has introduced fresh avenues for the advancement of inclusive financial services. Despite this, the progression of inclusive finance in Hong Kong encounters certain obstacles, including the persistence of financial exclusion and the need for enhanced financial literacy. This study evaluates the current state of inclusive financial development in Hong Kong, scrutinizes the deployment of FinTech within the context of inclusive finance, and offers pertinent policy suggestions to bolster the growth of inclusive financial services in the region. The insights derived from this research facilitate a deeper comprehension of the landscape and challenges of inclusive finance in Hong Kong, investigate the role and integration of FinTech in this domain, and provide valuable guidance and proposals for the further development of inclusive financial services in Hong Kong. Furthermore, the findings of this paper hold relevance and potential implications for the advancement of inclusive financial systems in other jurisdictions.

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“…In a context where the world economy is headed by women, The United Nations has identified women's empowerment as one of its top priorities for the coming years. (Hasan, 2022), But on the contrary, the COVID-19 pandemic has had a detrimental impact on entrepreneurship in the last decade. According to O'Donnell et al (2021), womenowned businesses have been more likely to get close since the spread of COVID-19.…”

Section: Introductionmentioning

confidence: 99%

Exploring the Post-Covid pathway of microfinance on women’s empowerment

Tharanga,

Abeygunawardane,

Dias

et al. 2023

Sri Lankan J. Banking & Finance

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Having access to microfinance institutions in Sri Lanka, Poor women in the country have opened up to diverse microfinance services and supported them in growing economically while enhancing gender equality, health, level of education, etc. Microfinance institutions provide both financial and non-financial services and it has a significant effect in eradicating poverty and empowering women. With the effect of the COVID-19 crisis, almost all the sectors were severely affected in every aspect and the poor women of the country was one of the key parties. Thus, the primary aim of this study is to explore the post-COVID pathway of Microfinance on Women's Empowerment. Concerning the study, Sri Lankan microfinance services can be classified into five categories: micro-credit, micro-savings, micro-insurance, business support, and skills development. This study focused on determining the effect of micro-credit, micro-savings, micro-insurance, and training on women's empowerment after the COVID-19 pandemic. The study adopts a quantitative research methodology to explore the impact of microfinance on women's empowerment. An empirical investigation was carried out among a sample of 100 women selected in the Kurunegala District of Sri Lanka who were receiving microfinance services and training programs. A self-administered questionnaire was the key data collection method, which had been built on a five-point Likert scale. The data were analyzed with the aid of the SPSS Statistical Package. Correlation and Multiple Regression analysis were the key statistical techniques used to test the hypothesis. The findings have confirmed that micro-credit, micro-savings, and training have a significant positive impact on women's empowerment after the COVID-19 crisis where micro-insurance was not statistically significant. Based on the results, training offered by microfinance institutions for these poor women to sharpen up their income-generating mechanisms from obtaining microfinance services has the highest impact in empowering them. Thus, the study contributes key microfinance factors to empower women economically, socially, and politically which would in turn create a social implication of eradicating poverty and economic development after the COVID-19 crisis.

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Evaluating the role of microfinance institutions in enhancing the livelihood of urban poor

Cited by 8 publications

References 37 publications

Empowering women through microcredit in Djibouti

Empowering women through microcredit in Djibouti

Research on the Development of Inclusive Finance in Hong Kong: A Fintech Perspective

Exploring the Post-Covid pathway of microfinance on women’s empowerment

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