Microfinance

Mayoux, L, 2002. Microfinance and womens empowerment: Rethinking best practice, Development Bulletin, no(prenominal) 57, pp. 76-81. Microfinance and womens empowerment: Rethinking best practice Linda Mayoux, Independent advisor base In the 1990s microfinance targeting women became a major focus of well-formed gender policy in many donor agencies. literary works wide-awake for the 1997 Micro commendation Summit, donor policy documents and NGO funding proposals whole designate an extremely attractive vision of increasing numbers racket of expanding, financially self-sustainable microfinance programmes reaching large numbers of women borrowers. Through their donation to womens ability to earn an income, these programmes are assumed to go a series of stark(a) spirals of economic empowerment, increased offbeat for women and their families and wider brotherly and political empowerment. However, more recently, as the findings of research and buzz off engender filtered thro ugh, this initial enthusiasm is being replaced by scepticism. present it is argued that, although the widespread complacency about the automatic benefits of microfinance for women needs to be questioned, the shortcomings of quick practice should stimulate the search for improvement and innovation, rather than offer up the basis for cynical inaction.

It is not microfinance per se which is the problem, but the ways in which best practice has accommodate dominated by concerns of financial sustainability. Innovations in some programmes turn on to a browse of ways in which microfinances voice to empowerment set up be increased as part of a broader outlin! e for gender transformation. Questioning virtuous spirals Microfinance programmes have signifi arouset likely for contributing to womens economic, societal and political empowerment. Access to nest egg and credit can initiate or strengthen a series of interlinked and in return reinforcing virtuous spirals of empowerment. Women can use nest egg and credit for economic...If you want to get a full essay, severalise it on our website: BestEssayCheap.com

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