CONCEPTUAL REVIEW OF MICROFINANCE AND WOMEN HOUSEHOLD, ECONOMIC, AND SOCIAL EMPOWERMENT OF MICROFINNACE BORROWERS
Keywords:
Microfinance and Women Household, Economic, and Social Empowerment Choice.
Abstract
The poor women are ignored in most parts of the society, having no opportunities for self-sufficiency, losing of their self-confidence and self-supporting; in turn, leads to suffer of their psychological, social, and mental health problems. Therefore, the study aims to investigate rigorous review of literature on the women empowerment for developing of a conceptual framework of microfinance and women household, economic, and social empowerment of the microfinance borrowers in the world. The present study used existing available materials and resources from reputed online data based such as google scholar, science direct, Scopus, web of science data based etc. The present study findings revealed that the poor women are marginalized, lack chances for self-sufficiency, and depend on charity or welfare. Without means to support themselves, poor women lose their self-confidence, and this disposition can lead to psychological, social, and mental problems. The study also found that the women can be empowered through encouraging and developing skills for self-sufficiency. The study also revealed that the major problems facing the poor and the lower-income group was access to credit. Their lack of assets for collateral and financial records, and limited credit history make obtaining credit from formal financial institutions almost impossible. The concluded that the Microfinance can be a powerful and effective way of access to credit of the poor has been rapidly expanding in hopeless and helpless societies accordingly. Finally, the present study developed a conceptual framework based above summary of findings to do a practical investigation to further examine the relationship between microfinance and women household, economic, and social empowerment of the microfinance borrowers in the world.
JEL Classification Codes: F65.
References
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Bhuiyan, A. B., Siwar, C., Ismail, A. G., & Talib, B. (2011). Islamic Microcredit is the way of alternative approach for eradicating poverty in Bangladesh: A review of Islami bank Microcredit scheme. Australian Journal of Basic and Applied Sciences, 5(5), 221-230.
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Haile, H. B., Bock, B., & Folmer, H. (2012). Microfinance and female empowerment: Do institutions matter? Women's Studies International Forum.
Haque, T., Siwar, C., Bhuiyan, A. B., & Joarder, M. H. R. (2019). Contributions of Amanah Ikhtiar Malaysia (AIM) Microfinance to Economic Empowerment (EE) of Women Borrowers in Malaysia. Economics & Sociology, 12(4), 241-256.
Hartarska, V., & Nadolnyak, D. (2008). Does rating help microfinance institutions raise funds? Cross-country evidence. International Review of Economics & Finance, 17(4), 558-571. http://dx.doi.org/10.1016/j.iref.2007.05.008
Hazarika, G., & Sarangi, S. (2008). Household Access to Microcredit and Child Work in Rural Malawi. World Development, 36(5), 843-859.
Hearn, B., Piesse, J., & Strange, R. (2011). The role of the stock market in the provision of Islamic development finance: Evidence from Sudan. Emerging Markets Review, 12(4), 338-353. http://dx.doi.org/10.1016/j.ememar.2011.04.004
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Hermes, N., Lensink, R., & Meesters, A. (2011). Outreach and Efficiency of Microfinance Institutions. World Development, 39(6), 938-948. http://dx.doi.org/10.1016/j.worlddev.2009.10.018
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Islam, A., Nguyen, C., & Smyth, R. (2015). Does microfinance change informal lending in village economies? Evidence from Bangladesh. Journal of Banking & Finance, 50, 141-156. http://dx.doi.org/10.1016/j.jbankfin.2014.10.001
Ismail, R. (2001). Economic and Social Impact of Amanah Ikhtiar Malaysia (AIM) Scheme: A Case Study in Kedah. Terengganu. Humanomics, 17(1), 141-155.
Kabir Hassan, M., & Tufte, D. R. (2001). The X-Efficiency of a Group-Based Lending Institution: The Case of the Grameen Bank. World Development, 29(6), 1071-1082.
Khandker, S. (1998). Micro Credit Programme Evaluation: A Critical Review1. IDS Bulletin, 29(4), 11-20.
Khandker, S. R. (2005). Micro-Finance and Poverty Evidence Using Panel Data from Bangladesh. The World Bank Economic Review.
Khandker, S. R., & Chowdbury, O. H. (1996). Targeted Credit Programme and Rural Poverty in Bangladesh. Retrieved from Washington, D.C.
Ledgerwood, J., & White, V. (2006). Transforming microfinance institutions: providing full financial services to the poor: World Bank Publications.
M.Salma. (2004). A Comparative Case Study on Outreach and Impact of Ikhtiar Loan Scheme and Special Program for Hardcore Poor in Seberang Perai Pulau Pinang. . (M.Phil ), University Science Malaysia.,
Malkin, E. (2008). Microfinance’s Success Sets Off a Debate in Mexico. The New York Times.
Mamun, A. A., Wahab, S. A., Hossain, S., & Malarvizhi, C. (2011). Impact of Amanah Ikhtiar Malaysia’s Microcredit Schemes on Hardcore Poor Households Quality of Life.
McKernan, S. M. (2002). The Impact of Microcredit Programs on Self-Employment Profits: Do Noncredit Program Aspects Matter? Review of Economics and Statistics, 84(1), 93-115.
Mirghani, M., Mohammed, M., Bhuiyan, A. B., & Siwar, C. (2011). Islamic microcredit and poverty alleviation in the Muslim World: Prospects and challenges. Australian Journal of Basic and Applied Sciences, 5(9), 620-626.
Misturelli, F., & Heffernan, C. (2010). The concept of poverty: A synchronic perspective. Progress in Development Studies, 10(1), 35-58.
Moniruzzaman, M. (2011). Group management and empowerment: Lessons from development NGOs in Bangladesh. Journal of South Asian Development, 6(1), 67-91.
Morduch, J. (1999). The role of subsidies in microfinance: evidence from the Grameen Bank. Journal of Development Economics, 60(1), 229-248. doi:http://dx.doi.org/10.1016/S0304-3878(99)00042-5
Nestor, C. (2011). Commercialization of Microfinance.
Nor, N. H. M., Rashid, S. N. M., Nawawi, R., & Mohd, F. (2012). Women Enterprenuership in Micro Credit Performance: The Preliminary Study in Kelantan.
Olivares-Polanco, F. (2005). Commercializing microfinance and deepening outreach? Empirical evidence from Latin America. Journal of Microfinance/ESR Review, 7(2), 47-69.
Omar, M. Z. (2010). The Role Of Microcredit In Poverty Alleviation In Malaysia-The Case of The Amanah Ikhtiar Malaysia AIM.
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Published
2022-12-30
How to Cite
Haque, T., Siwar, C., & Bhuiyan, A. B. (2022). CONCEPTUAL REVIEW OF MICROFINANCE AND WOMEN HOUSEHOLD, ECONOMIC, AND SOCIAL EMPOWERMENT OF MICROFINNACE BORROWERS. Asian Finance & Banking Review, 6(1), 33-41. https://doi.org/10.46281/asfbr.v6i1.1891
Section
Research Paper/Theoretical Paper/Review Paper/Short Communication Paper
Copyright (c) 2022 Tasnuba Haque, Chamhuri Siwar, Abul Bashar Bhuiyan
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