Journal articles: 'Microfinance Rural development'

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Dhakal, Chandra Prasad, and Govinda Nepal. "Contribution of Micro-Finance on Socio-Economic Development of Rural Community." Journal of Advanced Academic Research 3, no. 1 (February 11, 2017): 134–41. http://dx.doi.org/10.3126/jaar.v3i1.16623.

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Microfinance institutions are established to promote the financial activities mainly saving and credit in community. Microfinance’s activities are focused on reducing poverty level of community people. Poor, disadvantaged, marginalize and women are in mainstream of microfinance’s programs. The study was focused on finding out the contribution of microfinance on socio-economic development of rural community. The study was based on the quantitative design. Cross-sectional data was collected from the 8 microfinances of Syangja district. Purposive sampling technique was adopted to select the respondents. The perceptual analysis of data reported the significant contribution of micro-finance in social change and development. Microfinances working since 2 to 20 years covering the diverse field of social activities were the samples of the study. There was a need to improve the internal management of microfinance to provide the services more effectively.

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Kotir, Julius H., and Franklin Obeng-Odoom. "Microfinance and Rural Household Development." Journal of Developing Societies 25, no. 1 (January 2009): 85–105. http://dx.doi.org/10.1177/0169796x0902500104.

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Agbaeze, E. K., and I. O. Onwuka. "Microfinance Banks and Rural Development." International Journal of Rural Management 10, no. 2 (October 2014): 147–71. http://dx.doi.org/10.1177/0973005214546597.

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Bhusare, Shital Prakash, and Ruby Chanda. "Micro-Finance & Micro-Credit for Sustainable Development." IRA-International Journal of Management & Social Sciences (ISSN 2455-2267) 6, no. 3 (March 27, 2017): 365. http://dx.doi.org/10.21013/jmss.v6.n3.p4.

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<div>Poverty is one of the biggest challenges to the development of a developing country like India where a major population is living in rural and semi-urban areas. Institutional credit is considered as a powerful tool for alleviating poverty. Microfinance is the supply of loans, savings, and other basic financial services to the poor. As the financial services of microfinance usually involve small amounts of money – small loans, small savings etc. the term "Microfinance" helps to differentiate these services from those of commercial banks. Microfinance in India has been through two channels of credit delivery to poor and low-income households–Self Help Group Bank Linkage Programme (SBLP) and the Microfinance institutions lending through groups as well as directly to individuals. This study was with the overall objective of conducting a detailed analysis of interest rates, costs and margins of microfinance institutions. This study highlights the reach and the impact on the customers and the channels used by these firms for the effectiveness of Micro Finance and Microcredit schemes. For the purpose of analysis the statistical tools like Mean, Standard deviation, coefficient of co-relation and regression have been used. Microfinance is playing a very important role in decrease poverty. Microfinance to the rural SHGs is a way to raise the income level and improve the living standards of the rural peoples. Thus, it can be concluded that the self-help groups contribute substantially in pushing the conditions of the rural population up.</div>

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Manta., Otilia. "RURAL MICROFINANCE DEVELOPMENT IN DIGITAL AND SOCIAL PLATFORM,THINK-TANK TECHNOLOGIES APPLYING TO RURAL MICROFINANCE." International Journal of Advanced Research 5, no. 5 (May 31, 2017): 1857–71. http://dx.doi.org/10.21474/ijar01/4321.

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Yadav, Rajesh K. "Significance of Microfinance Institutions in Rural Development of India." International Letters of Social and Humanistic Sciences 21 (February 2014): 84–90. http://dx.doi.org/10.18052/www.scipress.com/ilshs.21.84.

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Micro finance is to supply micro credit to people living in utter poverty and has no reach to the conservative and formal financial products. It is an aid to engage them in productive activities and grow their tiny businesses. Micro finance focused on availing the credit in a standard manner. Micro financial schemes plays vital role in increasing women‟s participation in economic activities and decision making. In this research paper an effort is made to investigate the role of microfinance in rural development especially through Micro financial schemes. This study is an empirical study which aims to find out the role and responsibilities of microfinance in rural development. Our experience while doing this study suggests that microfinance provides key lessons for development in terms of what mechanism and best practices should be adopted and how to make small change that creates a big difference. It is concluded that poor people in rural areas especially in under developing countries, are in immense need of credits so microfinance programs must make available this credit needs and motivate the poor people to increase their standard of living.

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Xiang, Cheng, Xiangping Jia, and Jikun Huang. "Microfinance through non-governmental organizations and its effects on formal and informal credit." China Agricultural Economic Review 6, no. 2 (April 29, 2014): 182–97. http://dx.doi.org/10.1108/caer-04-2013-0062.

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Purpose – Internationally, microfinance run by non-governmental organizations (NGOs) is often considered an important approach to meeting the credit demand of rural households, particularly among the poor. However, the perceived competitions with formal financial institutions and concerns about financial risks in the rural economy have impeded the development of microfinance by NGOs in China. Despite these concerns about NGO microfinance, little empirical evidence has been brought to prove them. The purpose of this paper is to provide empirical evidence of the relationship between NGO microfinance and farmers’ demand for formal and informal credit in rural China. Design/methodology/approach – The study is based on a household longitudinal data set consisting of 749 households from 40 microfinance villages in rural China. This study draws evidence from China's largest NGO microfinance. Out of the five county branches where China Foundation for Poverty Alleviation has launched institutionalized microfinance since 2006, the authors selected two of them. A random sampling approach was applied in surveying villages and households. In an effort to create impact assessments, the authors surveyed the detailed information on household characteristics and credit access during the period 2006-2009. A panel data is thus structured for the analysis. Findings – The authors found that the demand for credit in rural China is immense and rising, as formal financial institutions have gradually moved away from less developed regions in rural areas. In its place, informal lending has become a primary source of credit for the poor. However, where NGO microfinance has become available, both formal and informal credit has slowed down. The development and expansion of NGO microfinance did stand up as a substitution for institutional lenders and informal financial networks. Research limitations/implications – The findings have profound policy implications. First, since the development of NGO microfinance fill the demand for credit in rural China and poses low financial risk, the intellectual bias against NGO microfinance is unwarranted. In particular, the regulations that hamper the development of NGO microfinance should be corrected. Second, informal networks do not appear to be costless. Where NGO microfinance can substitute for them, it can mitigate the financial stresses related to the informal credit market.

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Di Pucchio, Yasmine. "Microfinance in Iran: a Case Study of the Rural Microfinance Support Project." Oriente Moderno 95, no. 1-2 (August 7, 2015): 211–32. http://dx.doi.org/10.1163/22138617-12340070.

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Microfinance programs in Iran began to be implemented at the end of the 1990s thanks to both the local government and international organizations’ efforts to eradicate poverty. Today microfinance is a growing sector in the country and has been officially recognized by the Iranian government, which included its development as one of the main points of the last Five Year Development Plan. A number of efficient microfinance programs are active in Iran among which the Rural Microfinance Support Project, promoted by the Iranian Agricultural Bank and ifad, stands out. The following study is an attempt to identify the impact of this program on women empowerment and poverty reduction through a research conducted on a sample of one hundred women clients of the program in the province of Šabestar, East Azerbaijan.

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Mago, Stephen, and Costa Hofisi. "Microfinance as a pathway for smallholder farming in Zimbabwe." Environmental Economics 7, no. 3 (October 21, 2016): 60–66. http://dx.doi.org/10.21511/ee.07(3).2016.07.

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Microfinance has been viewed as a pathway for smallholder farming. This paper aims to investigate the impact of microfinance on smallholder farming. It examines the role of microfinance in the development of smallholder farming. This paper employs the integrated view of microfinance study as opposed to the ‘credit only’(minimalist) view. Using qualitative research methodology, the paper relies on literature review and primary data. Household level data (primary) were collected from a rural district (Masvingo Rural District) of Masvingo province in Zimbabwe. Data were collected from 250 microfinance participants (household heads) using questionnaires and face-to-face interviews. The findings show that microfinance had positive effects on accumulation of agricultural assets, income from agriculture, agricultural education, agricultural productivity, agri-business, consumption and health. However, the impact is limited due to lack of finance. Basic financial services are essential for the management of their smallholder farming activities. The practical implications are that the study results could be used by the government and development agencies for policy making. The paper recommends that microfinance should be harnessed as a useful intervention that can be employed to economically empower the smallholder rural agricultural sector. Keywords: microfinance, smallholder farming, integrated view, minimalist view. JEL Classification: G21, O13

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Mazumder, Mohummed Shofi Ullah. "Role of Microfinance in Sustainable Development in Rural Bangladesh." Sustainable Development 23, no. 6 (July 31, 2015): 396–413. http://dx.doi.org/10.1002/sd.1599.

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Dhakal, Chandra Prasad. "Impact of Microfinance on the Social Development of Beneficiaries of Syangja District, Nepal." Tribhuvan University Journal 31, no. 1-2 (December 31, 2017): 107–20. http://dx.doi.org/10.3126/tuj.v31i1-2.25335.

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Microfinance is known as economic crisis manager of rural society. It provides the easy loan along with the skill of financial management and other orientation program. Microfinance is the friend of poor who always become ready to support the poor, marginalized and disadvantage communities. The study aims to identify the social impact of microfinance on the beneficiaries of Syangja district. The data collected were from the 385 beneficiaries of microfinance through structured questionnaire. The study has measured the impact of microfinance on education, healthcare, decision making power and women’s empowerment. There was significant impact observed on the social development of beneficiaries. This study had compared the changes between poor and non-poor as the national standard of poverty. There was significant association between poor and non-poor in the most of cases which had indicated significantly different effect of facilities provided by the microfinance.

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Thu, Vu Ha, and Daisaku Goto. "Does Microfinance Improve the Household Welfare of Ethnic Minorities? Evidence from Bac Kan Province, Vietnam." Progress in Development Studies 20, no. 1 (January 2020): 65–83. http://dx.doi.org/10.1177/1464993419886230.

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Although a large number of studies have investigated the impacts of microfinance on rural households, their effects on ethnic minorities, who are among the left-behind groups, have not been evaluated. This study examines whether microfinancing provided by the Vietnam Bank for Social Policies (VBSP) improves the household welfare of ethnic minorities living in northern mountainous regions of Vietnam. A stratified random sampling technique is applied to a sample of 289 households. Propensity score matching (PSM) is used to estimate the impacts of microfinance loans. Coarsened exact matching (CEM) is employed to verify the consistency of the PSM estimates. The results show positive and consistent impacts of microfinance loans on total expenditure per capita and educational expenditure per student, which supports the welfare effects of microfinance loans on ethnic minorities in northern mountainous areas of Vietnam.

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Kondo, Toshio, Aniceto Orbeta, Clarence Dingcong, and Christine Infantado. "Impact of Microfinance on Rural Households in the Philippines." IDS Bulletin 39, no. 1 (January 26, 2009): 51–70. http://dx.doi.org/10.1111/j.1759-5436.2008.tb00432.x.

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Suesse, Marvin, and Nikolaus Wolf. "Rural transformation, inequality, and the origins of microfinance." Journal of Development Economics 143 (March 2020): 102429. http://dx.doi.org/10.1016/j.jdeveco.2019.102429.

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Karki, Karun Kishor, Nirajan Dhungana, and Bhesh Bahadur Budhathoki. "Breaking the Wall of Poverty: Microfinance as Social and Economic Safety Net for Financially Excluded People in Nepal." Molung Educational Frontier 11 (June 17, 2021): 26–53. http://dx.doi.org/10.3126/mef.v11i0.37835.

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Microfinance is a financial service aimed at economically underprivileged people who have no or limited access to formal financial institutions such as banks due to the lack of financial resources, collateral, or low income. Microfinance institutions provide a collateral-free loan to low-income individuals with the principle of financial inclusion, which allows them to invest in various self-employment activities. In this article, we critically review the development of microfinance and its issues and challenges in Nepal. More specifically, using the concept of the Grameen Bank model and its relevance in the context of Nepali microfinance institutions, we explore how microfinance can be an effective tool of financial intervention to alleviate rural poverty in Nepal. Methodologically, we utilize secondary data sources such as government and non-government reports and existing empirical studies. We offer recommendations for policymakers to establish appropriate modalities, programs, and microfinance services targeting the socio-economic transformation of rural communities in Nepal. We conclude that the government and financial institutions can stimulate microfinance institutions through multidimensional interventions and facilitation to advance the socio-economic status of financially underprivileged people in rural communities in Nepal.

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Engel, Susan, and David Pedersen. "Microfinance as poverty-shame debt." Emotions and Society 1, no. 2 (November 1, 2019): 181–96. http://dx.doi.org/10.1332/263168919x15653391247919.

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In an excellent anthropological study of microfinance in Bangladesh, <xref ref-type="bibr" rid="CIT0028">Karim (2008: xviii)</xref> argues that it operates as ‘an economy of shame’. That is to say, microfinance is not the benign tool for financial inclusion and empowerment that mainstream development organisations proclaim. Rather, it unintentionally (perhaps) but nevertheless actively deploys shaming techniques in order to maximise loan repayment rates. Karim, however, does not employ an explicit analysis of shame; instead she emphasises its disciplining power for rural women in Bangladesh. Our article builds on this insight but applies a specific psychosocial approach to shame that critically examines a number of the emotion’s harmful practices and outcomes, especially when deployed within microfinance practice. It highlights that microfinance personalises and socialises people’s debt relations, making them a matter for group concern, but that at the same time money-debt’s impersonalising nature results in coercive and disciplinary actions that would otherwise be seen as intolerable. We demonstrate how the active shaming of microfinance participants all too often degenerates into human rights abuses, including violence. The shame of debt and the active shaming that facilitates microfinance’s high repayment rates harms the psychosocial wellbeing of those being shamed as well as their families, and can be linked to a range of concerning outcomes including self-harm and suicide. To conclude, we explore whether the coercion by shame and shaming of microfinance may be linked to its growing use in other areas of development programming.

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Poddar, Shristy, Sumit Bharti, and Kavitha S. Sharma. "AN EMPIRICAL STUDY ON IMPACT OF MICROFINANCE ON POVERTY ALLEVIATION IN RURAL INDIA." International Journal of Research -GRANTHAALAYAH 7, no. 7 (July 31, 2019): 304–9. http://dx.doi.org/10.29121/granthaalayah.v7.i7.2019.768.

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The dynamic development of the microfinance business has been advanced by market powers as well as by cognizant activities of national governments, Non-Governmental Organizations (NGOs), and the benefactors who view microfinance as a successful device for killing neediness. The incredible push behind this immense and expanding support for microfinance showed that national monetary and social effects are noteworthy and it should be analysed all the more intently. Self Help Group (SHG) provides microfinance services for people in rural regions so they can use the capital for small business, productive work and become financially stable and independent. In this article, we have described the impact of microfinance on poverty alleviation its impacts on people and society. Here we have explained, the main purpose of this article is to present Microfinance and how it can be useful for poor people and the reduction of unemployment.

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Pronyk, Kim, Hargreaves, Makhubele, Morison, Watts, and Porter. "Microfinance and HIV prevention – emerging lessons from rural South Africa." Small Enterprise Development 16, no. 3 (September 2005): 26–38. http://dx.doi.org/10.3362/0957-1329.2005.030.

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YANG, Fengmei, and Shuai SU. "A Study on Microfinance Company and Rural Development in China." KODISA International Conference on Business and Economics (KODISA.ICBE) 2019, no. 7 (July 8, 2019): 255–57. http://dx.doi.org/10.35646/kodisa.icbe.2019.7.5.255.

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Schreiner, Mark, and Héctor Horacio Colombet. "From Urban to Rural: Lessons for Microfinance from Argentina." Development Policy Review 19, no. 3 (September 2001): 339–54. http://dx.doi.org/10.1111/1467-7679.00138.

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Hussain, A. H. M. Belayeth. "Disciplinary Technologies of Microfinance: Fictitious Proximity, Visibility and Surveillance in Rural Microfinance in Bangladesh." Sociologus: Volume 69, Issue 2 69, no. 2 (July 1, 2019): 147–66. http://dx.doi.org/10.3790/soc.69.2.147.

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Abstract In this paper, I delve into governmental and disciplinary technologies in microfinance practice. I aim to reveal the disciplinary and governmental powers that guarantee proper repayment of debt in state- and NGO-sponsored microfinance programmes. Using Foucault’s notion of conduct of conduct, I uncover how loan officers consistently maintain meticulous control over borrowers and assure a docility-utility relationship. Based on seven months of fieldwork on rural microfinance in the North-eastern part of Bangladesh, I reveal the strategic relationship of loan officers and borrowers, the loan officers’ techniques of recording and reporting borrowers, the methods of differentiating good and bad borrowers, the practices of putting special attention on particular borrowers, and surveillance processes over borrowers’ family and economic activities. While microfinance programmes are repeatedly hailed as an effective measure of development policy, this empirical research in Bangladesh arrives at a different result: A high extent of governing and disciplinary behaviours are present in microfinance programmes. As a result, financial success is ensured through proper debt repayments.

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Hussain, A. H. M. Belayeth. "Disciplining Microfinance Borrowers in Bangladesh." Social Change 49, no. 3 (September 2019): 453–68. http://dx.doi.org/10.1177/0049085719863890.

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Based on expert interviews, this study aims to explore different components of cultural and administrative apparatuses, showing the disciplinary methods of microfinance organisations that work on submissive borrowers. Six policy officials of two microfinance institutions (MFIs) Bangladesh Rural Advancement Committee and Bangladesh Rural Development Board – and two experts from different institutions were interviewed for this purpose. Following established way of analysing expert interviews, the study concentrates on the experts’ own wording and interfaces them with theoretical and conceptual positions. Among various sets of dispositif, an ensemble of elements of an apparatus, the culture of loyalty to saviours, the discourse of empowerment, regulatory decisions and policies of MFIs, a culture of repayment habits, usage of technical measures and accessing asymmetric information of borrowers are important in the power exerting process of the microfinance industry in Bangladesh.

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Benjamin, Emmanuel Olatunbosun. "Adverse selections and microfinance in rural Africa: signalling through environmental services." Enterprise Development and Microfinance 24, no. 1 (March 2013): 28–39. http://dx.doi.org/10.3362/1755-1986.2013.004.

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Dagos, Rizzi Angelica Ternida. "PERCEIVED EFFECT OF MICROFINANCE SERVICES IN SAN JOSE, OCCIDENTAL MINDORO." Journal of Asian Rural Studies 5, no. 2 (July 25, 2021): 90. http://dx.doi.org/10.20956/jars.v5i2.2943.

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This study aimed to determine the role of microfinance institutions (MFIs) in alleviating poverty among households of San Jose, Occidental Mindoro. Particularly, this study aimed to: (1) characterize microfinance household clients in San Jose, Occidental Mindoro, in terms of: socio- demographic, economic and communication; (2) determine the driving forces of clients to avail microfinance services; (3) identify the household-clients’ frequently availed/accessed/paid microfinance services; and (4) determine the household clients’ perceived effect of microfinance services in terms of: economic, social and personal. A total of 200 randomly selected household MFI clients, both from rural and urban barangays of San Jose, Occidental Mindoro were interviewed for this study. Descriptive statistics such as mean, weighted mean, frequency and percentage distribution were used in analysing and presenting the data. The results of the study revealed that most of the respondents are female, married and literate. They have other sources of income. Among the most common driving forces of household clients in availing microfinance services are financial security, health-related concerns and education. The frequently availed services of household clients are savings, insurance and loans and their most common microfinance service provider is the Center for Agriculture and Rural Development Incorporated (CARD Bank). The household clients experienced reduced poverty and increased acquisition of assets as economic effect of microfinance services, while they had improved lifestyle and improved relationships with other people as social effects and increased self-confidence and fulfillment as personal effects of microfinance services.

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Turvey, Calum G. "Microfinance, Rural Finance, and Development: Multiple Products for Multiple Challenges: Discussion." American Journal of Agricultural Economics 93, no. 2 (January 2011): 415–17. http://dx.doi.org/10.1093/ajae/aaq107.

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Islam, Asadul, and Debayan Pakrashi. "Labour Market Participation of Women in Rural Bangladesh: The Role of Microfinance." Journal of Development Studies 56, no. 10 (February 14, 2020): 1927–46. http://dx.doi.org/10.1080/00220388.2020.1725482.

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Dong, Li Xia, and Ying Cai Dong. "The Sustainable Development Research about Microfinance - Take the Rural Credit Cooperative of Hebei Province as an Example." Advanced Materials Research 472-475 (February 2012): 1224–27. http://dx.doi.org/10.4028/www.scientific.net/amr.472-475.1224.

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Micro-credit as the main channel of rural financial supply,its sustainable development has important significance.The article establishes evaluation model of the sustainable development, and take hebei province as an example, evaluates its’sustainability of microfinance project.

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Yaron, Gil, Rebecca Gordon, John Best, and Sunil Choudhary. "Challenging the links between microfinance and domestic violence: evidence from rural India." Development in Practice 30, no. 3 (December 9, 2019): 345–56. http://dx.doi.org/10.1080/09614524.2019.1696282.

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Chowdhury, Mohammad Shahjahan, Faisal Ahmmed, and Md Ismail Hossain. "Conditionalities of Public Microfinance and the Rural Poor: Voices From the Below." Journal of International Development 32, no. 4 (March 10, 2020): 526–42. http://dx.doi.org/10.1002/jid.3467.

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Dunford, Christopher. "Credit unions and rural banks reaching down and out to the rural poor through group-based microfinance." Enterprise Development and Microfinance 20, no. 2 (June 2009): 107–24. http://dx.doi.org/10.3362/1755-1986.2009.012.

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Jha, Dilip Kumar, Stuart Locke, and Nirosha Hewa Wellalage. "Governance and regulatory issues: microfinance and development of rural communities in Nepal." Corporate Ownership and Control 13, no. 3 (2016): 491–501. http://dx.doi.org/10.22495/cocv13i3c3p8.

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Microfinance Institutions (MFIs) that have a mission to provide credit to the poorest of the poor appear to be the panacea for rural poverty and hardship and bring forward a promise of better tomorrows. However, MFIs as a means of expanding financial inclusion and competing with the informal financial sector are not such a success story in rural Nepal. The increasing demand for cash to meet social and religious obligations in largely subsistent village economies is increasingly supported by short-term seasonal migration. The removal of working-age males from communities produces a range of unanticipated and not necessarily desirable outcomes. MFIs, it is suggested, could ameliorate the problem and positively contribute to improved sustainable development outcomes

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Dr. D. RAJASEKAR, Dr D. RAJASEKAR, and C. DEVI C.DEVI. "Impact of Microfinance in the Services of Rural Development with Specific Reference to Downtrodden People at Virudhachalam." Paripex - Indian Journal Of Research 3, no. 3 (January 15, 2012): 93–94. http://dx.doi.org/10.15373/22501991/mar2014/31.

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Agustin, Atut Frida. "PERAN LEMBAGA KEUANGAN MIKRO (LKM) TERHADAP KINERJA EKONOMI KABUPATEN JOMBANG." Jurnal Ekonomi Pembangunan 9, no. 2 (December 1, 2011): 225. http://dx.doi.org/10.22219/jep.v9i2.3676.

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The objective of this study were: 1) To know the potential of Microfinance Institution (LKM) in Jombang Regency, 2) To know the role of Microfinance Institution (LKM) towards economic performance in Jombang Regency, 3)To know the needs of Microfinance Institution (LKM) Development in increasing LKM roles on the Jombang Regency economy. The results showed: First, the overall number of Microfinance Institutions (MFIs) in as many as 425 Jombang spread in 21 regencies. The regency which had LKM at most in Jombang regency for 154, the second was Ngusikan Regency. Second,The results of Econometric analysis were able to concluded that the amount of LKM, LKM capital, and the volume of bussiness impacted to the variable of economic growth in Jombang Regncy. Third, easy and soft loan had a degree of interest by 87% whereas direct aid only had a degree of interest of 13%. Meanwhile, institutions which was more effective to provide capital loans on LKM development was institutional in rural areas, for example, through another microfinance.

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Gassama, Saikou, Hamidah, and Erina Sudaryati. "The Need for Introduction of Sharia Microfinance Program in the Gambia." Economit Journal: Scientific Journal of Accountancy, Management and Finance 1, no. 3 (August 31, 2021): 153–64. http://dx.doi.org/10.33258/economit.v1i3.483.

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The Gambia is a 95 percent Muslim country that is located in the western part of Africa. The population of the country is around 2.5 m. The Gambia is largely dependent on Agriculture, tax, tourism, and foreign aid and is ranked 178, in the Human Development Index 2019, the Gambia is classified as a country with medium human development. The paper used the literature review method. Currently, there is various microfinance program that has been existing for years, but none of them are having Islamic microfinance loan products until recently when two are lunched, as a result, some did not take their loans and even those who take it is hard to change their lives because it is purely for profit-making and also the higher interest rate for some of them. Islamic Microfinance would be the best development instrument for the population of Gambia. The microfinance institutions in The Gambia are very well expanded, they are the main source of credit to the Gambian population both rural and urban. Therefore it will be very important if microfinance institutions in the Gambia can introduce sharia microfinance. The objective of this paper is to suggest ways to introduce sharia microfinance in The Gambia and the benefits of sharia microfinance. The results of this study find out that Islamic microfinance is a viable loan product that can work in the Gambia, there are various kinds of Islamic microfinance products that can work for the poor in the Gambia, such as farmers, gardeners, and market vendors or SMEs. And Islamic microfinance could be the best way of eradicating poverty in the Gambia, since it is not based on the predetermined interest rate and have various suitable loan schemes, if well implemented can change lives.

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Huruta, Bernard Edheney, and Yulius Pratomo. "Cultural value as the basis for the microfinance development of the Farmer’s Group Association." Masyarakat, Kebudayaan dan Politik 32, no. 4 (October 31, 2019): 346. http://dx.doi.org/10.20473/mkp.v32i42019.346-353.

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This study aims to describe the form of local wisdom (cultural value) in rural microfinance — this study conducted from October until December 2018 in Wangga Village, East Sumba. A qualitative method was used to picture the phenomenon of local wisdom-based microfinance development in communities. The authors used in-depth interviews with eight informants from the Rinjung Pahamu Farmer’s Group Association. The eight informants were determined purposively. Also, the data collection was carried out through a focus group discussion with the Rinjung Pahamu Farmer’s Group Association. The results of the study show that the local wisdom experienced by the members of the Rinjung Pahamu Farmer’s Group Association was used to overcome the limited access to formal financial services. The forms of microfinance developed on the Island of Sumba could not be separated from the appreciation of the noble values (Marapu) adopted by the community, such as the philosophy of Pawandang, Hillu Kandutuku, and Rotu Padang. Furthermore, savings and loan activities carried out in the management of the Farmer’s Group Association always consider the aspects of justice and survival. Based on the successful experience of the Rinjung Pahamu Farmer’s Group Association, in the future, the cultural value as the basis for the microfinance development can be applied to other groups as a means to improve financial access among the poor, especially for those living in rural areas. Marapu’s belief that was adopted by the people in Wangga Village still used as the basis for carrying out various activities in people’s lives. Marapu’s view is the belief that the government acknowledges pride, and it strengthens the community to maintain survival and balance. It practised through the Pawandang, Hillu Kandutuku, and Rotu Padang activities.

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Karim, Rezaul. "Socioeconomic Impacts of Microfinance Programs in the Development of Bangladesh." Asian Finance & Banking Review 1, no. 1 (July 25, 2017): 1–16. http://dx.doi.org/10.46281/asfbr.v1i1.1.

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The study was conducted to find out what significant socioeconomic impact and how microfinance programs play the key role on the development of Bangladesh. To observe that we tried to find out in which way it is playing its role and what kind of socioeconomic impacts are related with microeconomic programs. Microfinance programs are providing a significant role in the development of Bangladesh by providing financial assistance to the lower income but self-employed people. They have turned into employed by getting the financial support from the different institutions especially from Grameen Bank, BRAC etc. The poverty level has minimized a lot from the rural area and household income increase by around one-third. Wages and marginal propensity to consumption (MPC) increased especially for women and it creates positive impact on children's schooling: A 1.05% increase in Grameen Bank female borrowers increases the probability of school enrollment by 1.8% for girls and 1.99% for boys. Microfinance also contributed to smoothening consumption level and reducing vulnerability of life of people. It plays a role in eradicating poverty, promoting education, improving health and empowering women.

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Young, Stephen. "The “Moral Hazards” of Microfinance: Restructuring Rural Credit in India." Antipode 42, no. 1 (January 2010): 201–23. http://dx.doi.org/10.1111/j.1467-8330.2009.00737.x.

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Okello Candiya Bongomin, George, and John C. Munene. "Examining the role of institutional framework in promoting financial literacy by microfinance deposit-taking institutions in developing economies." Journal of Financial Regulation and Compliance 28, no. 1 (November 18, 2019): 16–38. http://dx.doi.org/10.1108/jfrc-12-2018-0158.

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Purpose This paper aims to examine the role of institutional framework of regulative, normative, and cultural-cognitive in promoting financial literacy by microfinance deposit-taking institutions in developing economies with a specific focus on rural Uganda. Design/methodology/approach Data were collected from a total sample of 400 respondents who are clients of promotion of rural initiatives development enterprises microfinance deposit-taking institution using a questionnaire and analysis of moment structures (AMOS) was adopted to analyze the data to examine the role of institutional framework of regulative, normative, and cultural-cognitive in promoting financial literacy by microfinance deposit-taking institutions in developing economies with a specific focus on rural Uganda. Findings The results indicated that institutional framework of regulative, normative, and cultural-cognitive significantly and positively promotes financial literacy by microfinance deposit-taking institutions in developing economies, especially in rural Uganda. The existence of institutional framework of regulative (codified rules and laws), normative (shared beliefs/values and norms), and cultural-cognitive (shared conception and interpretation) promotes financial literacy by microfinance deposit-taking institutions in rural Uganda. The structural equation model constructed by use of AMOS revealed that the institutional framework of regulative, normative, and cultural-cognitive explains 27 per cent of the variation on the role of microfinance deposit-taking institutions in promoting financial literacy in rural Uganda. Research limitations/implications This study was purely cross-sectional with data collected at a specific point in time. Therefore, future studies through longitudinal research design can be adopted to test for the hypotheses derived under this study. In addition, only quantitative data collected by use of a semi-structured questionnaire was used in this study. Further studies may consider the use of interviews to get in-depth responses from the respondents. Practical implications Advocates of financial literacy programs in developing economies should consider the existence of institutional framework of regulative, normative, and cultural-cognitive, which helps in promoting financial literacy by microfinance deposit-taking institutions. Indeed, the existence of state legislation to teach people about how to manage their money can promote financial literacy. Besides, normative behavior among individuals within a social setting can lead to increased likelihood that they will engage and participate in a particular financial literacy drive. Correspondingly, cognition, especially fluid intelligence that changes as people age may also help individuals to invoke several dimensions of cognitive skills to make informed financial decisions. Originality/value The current study adds to the existing body of knowledge by examining the role of institutional framework of regulative, normative, and cultural-cognitive in promoting financial literacy by microfinance deposit-taking institutions in developing economies. There is deficiency in the link between the institutional framework under the theory of institutions and financial literacy, especially in developing economies where there is great need for financial literacy among the poor.

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Solomon*, Rejoice, and Dr Ranu Sharma. "Dimensions of Women Empowerment Through Microfinance." International Journal of Management and Humanities 5, no. 9 (May 30, 2021): 41–43. http://dx.doi.org/10.35940/ijmh.g1272.055921.

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Microfinance institutions’ plays a crucial role for the upliftment of rural women. Women are the key of a nation development. So in order to attain the development of a nation there is need to empower the women of our nation. Microfinance institutions have always seen as a tool of poverty alleviation as they provide the facility of financial services to the needy and the weaker section of the society without any collateral security. And it proved itself as a tool of poverty alleviation. Thus it also a vaccine for women empowerment. Empowerment of women can be done with the help of Self-Help-Group. Where 10-12 women form a group with same socio-economic background and they were trained, educated so they may uplift their family, their society and ultimately the nation as whole. The objective of this paper is to understand the different dimension of women empowerment with the help of microfinance. And from the study it was seen women should be psychologically, economically and Socially Empowered and it all comes with the help of microfinance. And microfinance proved that it a vaccine for the empowerment of women.

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Nukpezah, Julius A., and Charles Blankson. "Microfinance Intervention in Poverty Reduction: A Study of Women Farmer-Entrepreneurs in Rural Ghana." Journal of African Business 18, no. 4 (July 18, 2017): 457–75. http://dx.doi.org/10.1080/15228916.2017.1336915.

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Maldonado, Jorge H., and Claudio González-Vega. "Impact of Microfinance on Schooling: Evidence from Poor Rural Households in Bolivia." World Development 36, no. 11 (November 2008): 2440–55. http://dx.doi.org/10.1016/j.worlddev.2008.04.004.

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Okello Candiya Bongomin, George, and John C. Munene. "Procedural and declarative cognitions." International Journal of Ethics and Systems 35, no. 4 (November 11, 2019): 691–708. http://dx.doi.org/10.1108/ijoes-01-2019-0026.

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Purpose Premised on the argument that procedural and declarative cognitions help individuals to memorize, store and recall information to make informed decisions and choices in daily life, the purpose of this paper is to analyze the auxiliary psychosomatic roles of procedural and declarative cognitions in promoting financial literacy among clients of microfinance banks in developing countries. Design/methodology/approach The study adopted a cross-sectional research design and a semi-structured questionnaire was used to collect responses from 400 poor households’ heads located in rural Uganda. Analysis of moment structures and structural equation modeling were used to test for the auxiliary psychosomatic roles of procedural and declarative cognitions in promoting financial literacy among the poor who are clients of promotion of rural initiatives development enterprises (PRIDE) microfinance bank in rural Uganda. Findings The results revealed that both procedural and declarative cognitions significantly and positively boost financial literacy among the poor who are clients of PRIDE microfinance bank in rural Uganda. Jointly, both types of cognitions explain 30 per cent of the variation in financial literacy among the poor who are clients of PRIDE microfinance bank. Accordingly, the results correspond to arguments by psychologists that the human mental models help individuals to process, encode, store and retrieve information at an appropriate time such as in articulating complex financial information. Research limitations/implications The study focused majorly on cross-sectional research design. Thus, future studies may use longitudinal research design to explore the ability of the poor to memorize and retrieve financial information over time. Additionally, the study used only quantitative data collected using a semi-structured questionnaire. Further studies may use qualitative data collected by means of interviews. Besides, this study solely used poor households living in rural Uganda as the main source of data. Hence, future studies involving data from other section of the population may be necessary. Practical implications The results from this study underpins the auxiliary psychosomatic roles of procedural and declarative cognitions in promoting financial literacy among clients of microfinance banks in developing countries. Indeed, the human mental models that revolve around cognition as individuals grow are critical in helping them make informed financial decisions when they are faced with difficult financial situations. Therefore, microfinance banks and financial literacy programs in developing countries should consider the roles of procedural and declarative cognitions while designing financial literacy modules. This is because they determine how individuals receive, encode, store and retrieve financial information in order to make informed and better financial decisions before consuming financial products offered by the microfinance banks. Originality/value At present, there is scanty extant literature and theory that explains the auxiliary psychosomatic roles of procedural and declarative cognitions in promoting financial literacy, especially in developing countries. The current study sheds more light on the deterministic roles of procedural and declarative cognitions in boosting financial literacy.

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Dutta, Arijita, and Sharmistha Banerjee. "Does microfinance impede sustainable entrepreneurial initiatives among women borrowers? Evidence from rural Bangladesh." Journal of Rural Studies 60 (May 2018): 70–81. http://dx.doi.org/10.1016/j.jrurstud.2018.03.007.

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Shalini, Dr Bindu Arora, and Dr Anil Dangwal. "Influence Of Microfinance On Economic Empowerment Of Women." Journal of University of Shanghai for Science and Technology 23, no. 09 (September 21, 2021): 1020–30. http://dx.doi.org/10.51201/jusst/21/09634.

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Women have competencies of changing the society along with the world. In developing countries, women are facing evil of gender discrimination. Men and women are not equally privileged but scenario is changing now because females are being empowered but still women are suffering from gender inequality problem. Women empowerment is need of hour for development of the world. The government took initiative in form of microfinance to carry forward women in life. So, it becomes necessary to analyse influence of microfinance on women empowerment. It is based on descriptive research design with using multistage sampling technique. The sample size is 400 rural women beneficiaries of Haryana and information is collected by pre-designed questionnaire through interview Data is conducted through SPSS. Regression and correlation analysis is used to examine data through SPSS. Microfinance measured through micro-credit and micro saving. Economic empowerment selected indicators are household income and household saving. The researchers found that there is positive impact of microfinance on economic empowerment of women. This study will be fruitful for the government, microfinance institutions and banks in policies making to empower women. This study could encourage women for savings and investing activities. It might inspire women to take part in microfinance schemes

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S, Sarumathi, and Mohan K. "Role of micro finance in women’s empowerment (an empirical study in pondicherry region rural shg’s)." Journal of Management and Science 1, no. 1 (June 30, 2011): 1–8. http://dx.doi.org/10.26524/jms.2011.1.

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Microfinance is a type of banking service that is provided to unemployed or low-income individuals or groups who would otherwise have no other means of gaining financial services. Micro finance through Self Help Group (SHG) has been recognized internationally as the modern tool to combat poverty and for rural development. Micro finance and SHGs are effective in reducing poverty,empowering women and creating awareness which finally results in sustainable development of the nation. The main aim of microfinance is to empower women. In this paper the role played by Microfinance in women’s empowerment are considered into three dimensions namely psychological,social and economical. The objectives of the study is i) to understand the performance of SHG’s inPondicherry region, ii) to analyze the freedom women members get in SHG’s, iii) to study the problems women members face in SHG’s, iv) to analyze the empowerment of the women psychologically, economically and socially and v) to offer suggestions for the betterment of women’s empowerment in SHG’s. The study is undertaken in rural areas of Pondicherry region. Both primary and secondary data’s are used. Primary data is enumerated from a field survey in the study region.Secondary data is collected from NGOs’ reports and other documents. The researcher has used percentage method, simple correlation coefficient, paired t test and cross tabulation for analysis purpose. Analysis showed that there is a gradual increase in the all the three factors among rural women’s. From the interaction among the respondents it is noticed that some members are expecting the NGO to come up with more training sessions in income generating activities. All they need is away to develop their skills and talents by participating in various training programs. There is a definite improvement in psychological well being and social empowerment among rural women as a result of participating in micro finance through SHG program.

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Chowdhury, Mohammad Shahjahan, Faisal Ahmmed, and Md Ismail Hossain. "Neoliberal Governmentality, Public Microfinance and Poverty in Bangladesh: Who are the Actual Beneficiaries?" International Journal of Rural Management 15, no. 1 (February 22, 2019): 23–48. http://dx.doi.org/10.1177/0973005218817657.

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Most of the earlier studies examined the impact of microfinance on poverty reduction. Few studies emphasized on the broader policy framework and implementation process—the actors and factors associated with the process, which are critical to make an impact. This study is an attempt to explore whether public microfinance service reaches to the poorest through qualitative case study evidence. Some quantitative studies argued that non-profit-oriented Microfinance Institutions (MFIs) have greater outreach than profit-oriented MFIs. This study argues that even the non-profit MFIs could not reach to the poorest through adoption of neoliberal governmentality by demonstrating the Bangladesh Rural Development Board (BRDB), a public organization dedicated for poverty reduction in Bangladesh, as a case. The study found that neoliberal policy of market solution of poverty problem provides a financial market for the better off instead of the poor.

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Rogaly, Ben, Alfonso Castillo, and Martha Romero Serrano. "Building assets to reduce vulnerability: microfinance provision by a rural working people's union in Mexico." Development in Practice 14, no. 3 (April 2004): 381–95. http://dx.doi.org/10.1080/0961452042000191213.

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Yang Hsu, Becky. "How not to punish your neighbour." International Journal of Development Issues 13, no. 2 (July 1, 2014): 113–28. http://dx.doi.org/10.1108/ijdi-03-2014-0019.

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Purpose – The paper aims to better understand why borrowers do not sanction one another in group-lending microfinance programmes. Design/methodology/approach – The paper utilises interviews conducted in 16 villages in Western China. The data were complemented by ethnographic fieldwork of an NGO in the region. Findings – The paper confirms the relevance to microfinance of existing literature showing that punishing others is costly, so people tend to wait for others to do it. It also reveals the existence of particularistic metanorms – norms of sanctioning that focus on whom one can and cannot punish. Additionally, it shows that people may punish according to whether they believe others are punishing. Research limitations/implications – The results are not immediately generalisable to all group-lending programmes. Originality/value – Fieldwork in rural China is difficult to conduct. Although cultural and social patterns are known to be important in development work, little is known about how it affects microfinance.

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Liu, Yan. "Construction of Rural Financial Organization Spatial Structure and Service Management Model Based on Deep Convolutional Neural Network." Computational Intelligence and Neuroscience 2021 (July 6, 2021): 1–10. http://dx.doi.org/10.1155/2021/7974175.

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Local credit cooperatives have long played an important role in local financial services. It has made a significant contribution to agricultural production, farmers’ incomes, and the economic development of rural areas. In particular, as a financial instrument serving farmers, microfinance management by local credit cooperatives plays a key role in pursuing profits and fulfilling social responsibility. It was therefore important to obtain effective instruments for combating poverty in rural areas from all walks of society. This paper first outlines the development of microfinance loans in Germany and other countries and describes the current situation and some of the challenges facing local credit cooperatives in financial management. Next, we present the basic concepts of data mining, describe the common methods and key techniques of data mining, analyze and compare the properties of the individual data, and show how the associated mining can actually be performed. Next, we will explain the basic model of microfinance for farmers and some risks in detail and analyze and evaluate the characteristics of these risks in the context of local credit cooperatives. As a result, this paper proposes an improved deep convolutional neural network. The optimized algorithm selects the optimal weight threshold value and different iteration times. The results are fewer errors, the results are closer to the correct data, and the efficiency is better than before. The algorithm is more efficient because errors have been greatly reduced and the time spent on them has been slightly reduced.

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Sharmin, Farzana, and Ridzwan Bakar. "Effect of Household Factors on Repayment Ability among Islamic Microfinance Borrowers in Bangladesh." International Journal of Business and Management 13, no. 8 (June 30, 2018): 40. http://dx.doi.org/10.5539/ijbm.v13n8p40.

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The paper aims to discuss the effect of household factors on repayment ability among borrowers of Islamic microfinance in Bangladesh. Cross-sectional survey was used on borrowers who have been involved for more than two years in rural development scheme. Data was collected from 507 households through a close-ended questionnaire. The survey found that household income increased significantly after access to the Islamic microfinance program. The structural equation model analysis shows that household income has a significant positive effect on repayment ability. Household savings and consumption were also found to have a significant positive relationship with household income. Household savings also has a significant positive relationship with repayment ability when it is negative with the household consumption. Unlike conventional studies, this study found that borrowers involved in farm activities have a better repayment ability. The emerging result contributes to the research regarding repayment problems and the findings demonstrate that the adoption of Islamic microfinance could be a better solution. It is also anticipated that the empirical result will contribute to the furtherance of literature on Islamic microfinance.

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Journal articles on the topic 'Microfinance Rural development'

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