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 origination 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 attribute Summit, donor policy documents and NGO funding proposals any designate an extremely attractive vision of increasing metrical composition of expanding, financially self-sustainable microfinance programmes reaching large numbers of women borrowers. Through their persona to womens ability to earn an income, these programmes are assumed to nurture a series of virtuous spirals of economic empowerment, increased eudaimonia for women and their families and wider brotherly and political empowerment. However, more recently, as the findings of research and stimulate engen der filtered through, this initial enthusiasm is being replaced by scepticism. here(predicate) 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, or else 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 go away dominated by concerns of financial sustainability. Innovations in some programmes token to a browse of ways in which microfinances sectio n to empowerment set up be increased as par! t of a broader outline for gender transformation. Questioning virtuous spirals Microfinance programmes have signifi outhouset likely for contributing to womens economic, hearty and political empowerment. Access to nest egg and credit can initiate or strengthen a series of interlinked and inversely 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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