Microfinance and Women Empowerment in Madina in Accra, Ghana

Addae-Korankye, Alex; Abada, Alex

doi:10.18488/journal.aefr/2017.7.3/102.3.222.231

Cited by 8 publications

(1 citation statement)

References 6 publications

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“…Empowering women through microfinance, which is also one of the efforts in reducing poverty, has been conducted in countries such as India (Lakshmi, Jampala, Kishore, & Dokku, 2013), (Mukherjee, 2015), Bangladesh (Dalal, Dahlström, & Timpka, 2013), Pakistan (Mahmood, Hussain, & Z. Matlay, 2014), Accra, Ghana (Korankye & Abada, 2017), Egypt (Drolet, 2010). The research results obtained in India, particularly in the Nilgiri region, indicate that poverty reduction by implementing microfinance is influenced by several factors such as age, marital status, education, employment, family type, timeframe for members of savings and loan groups, weekly contribution to groups, the amount of the loan received, the return schedule, the adequacy of capital, the timely receipt of the loan, the period of running the business, and monthly income of the business (Jeyarathnam M and Kamalaveni, 2013:43-44).…”

Section: Introductionmentioning

confidence: 99%

Financial Literacynin Women Empowerment

Arini¹

2018

Proceedings of the 2018 Annual Conference of Asian Association for Public Administration: "Reinventing Public Administration In

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Abstract. This study aims to examine financial literacy in women empowerment as awareness of this issue initially emerged due to the global economic crisis which occurred between 2007 and 2010. One of the causes of the financial crisis, in addition to overlapping policies and greed, was the prevalence of financial illiteracy that had ultimately led some to wrong decision making in financial matters. The impact of making wrong decisions will affect the future state (situation) of national economy. Through financial literacy, individuals included within the poorest category in economic terms, are expected to be given proper guidance and financial information so that they become empowered, meaning that they will use the guidance and information they have to improve their financial situation. Financial literacy can be a tool for achieving social justice through empowerment, which subsequently relates to women empowerment. The empowerment of women has been conducted expansively across the globe, and one of the attempts is through microfinance. This study uses literature study as its methodology and it concludes that financial literacy can also be considered as a reference to participate in supporting the success of empowering women through microfinance activities.

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Section: Introductionmentioning

confidence: 99%

Financial Literacynin Women Empowerment

Arini¹

2018

Proceedings of the 2018 Annual Conference of Asian Association for Public Administration: "Reinventing Public Administration In

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Impact of Microfinance on Social Mobility and Women Empowerment: The Case of South Punjab

Khan

Siddiqui

Saeed

et al. 2019

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This purpose of this study was to examine the impact of microfinance on women empowerment and social mobility of women in the under privileged region of Bahawalpur located in south Punjab. The study uses a sample of 772 female clients of two active microfinance institutions, NRSP and Apna bank. A comprehensive questionnaire was used for the survey and results were analyzed through smart PLS. Findings of results suggested that Microfinance is an efficient tool in facilitating social mobility and financial empowerment in women belonging to the region of Bahawalpur. The value and originality of the paper rests with its use of social mobility as a determinant of well being and enhancement in standard of living.

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Meeting Needs and Seeking Peace: Experiences of Micro-Finance Loan Recipient Women of Karachi, Pakistan

Madhani

Tompkins

Jack

et al. 2022

AM J QUALITATIVE RES

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The association between socio-economic status and health is well established. While involvement in a micro-finance program has been shown to reduce poverty among women, little is known about how this involvement impacts their mental health. Using interpretive descriptive methodology, this qualitative study explored women's perceptions of how their participation in micro-finance programs influenced their mental health. Data were collected and analyzed through interviews with 32 urban-dwelling women from Karachi, Pakistan who have been micro-finance loan recipients for a period of 1 to 5 years. Women recognized micro-finance programs as being a major inspiration towards enhancing their mental health. The majority of participants, regardless of the number of years they held a micro-finance loan, revealed that seeking micro-loans and establishing income-generation activities assisted them to reduce tensions related to meeting their fundamental needs. Among the few participants who were not experiencing positive mental health at the time of the interview, they could foresee hope towards a better and an improved state of mental health. The need for and the importance of vocational skills training, economic stability, opportunity for education and environmental safety were echoed by these "everyday women" of Pakistan. Multiple stakeholders and micro-finance program should work collaboratively for the promotion of mental health determinants.

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Microfinance and Women Empowerment in Madina in Accra, Ghana

Cited by 8 publications

References 6 publications

Financial Literacynin Women Empowerment

Financial Literacynin Women Empowerment

Impact of Microfinance on Social Mobility and Women Empowerment: The Case of South Punjab

Meeting Needs and Seeking Peace: Experiences of Micro-Finance Loan Recipient Women of Karachi, Pakistan

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