Micro Finance in Sustainable Development: A Descriptive Study on Indian Experience

2011 ◽  
pp. 72-88
Author(s):  
Ananda . S.
Keyword(s):  
Sustainable Development ◽  
Financial Services ◽  
Local Level ◽  
Rural Poverty ◽  
Peer Pressure ◽  
Poor People ◽  
Rural Poor ◽  
Self Help ◽  
The Poor ◽  
Micro Credit

Micro-Finance in India is emerging as an effective instrument for poverty allevi- ation, women empowerment and sustainable development. In India, Non- Governmental Organization (NGO) led micro credit is proved as an effective and financially viable alternative to address rural poverty through the provision of cred- it without collateral, unleashing human creativity and endeavor of the poor people. Micro finance institutions are operating through banks linkage program aimed at providing a cost effective mechanism for providing financial services to the ‘unreached poor’. Banks lend micro-credit through Self-Help Groups (SHGs) and to local Micro-Finance Institutions (MFIs) based on the philosophy of peer pressure and group savings as collateral substitute. In India, the micro-Finance concept has been successful in not only designing financial products meeting needs of the rural poor, but also in strengthening collective self-help capacities of the poor at the local level, leading to their empowerment. At macro level, the self help group is a useful instrument for savings mobilization and enhancing access to credit for the rural, unreached poor for their productive investment. In this paper an attempt has been made to describe how micro credit is effective and financial viable method of addressing sustainable rural development through provision of micro credit to rural poor for productive activities.

scholarly journals MEMAKNAI KEMISKINAN BERDASARKAN PANDANGAN ORANG MISKIN PEDESAAN

Edulib ◽  
2014 ◽  
Vol 4 (1) ◽  
Author(s):  
Tine Silvana ◽  
Pawit M Yusup ◽  
Priyo Subekti
Keyword(s):  
Rural Areas ◽  
Rural Poverty ◽  
Social Condition ◽  
Poor People ◽  
Rural Poor ◽  
Access To Information ◽  
Trial And Error ◽  
Study Approach ◽  
The Poor ◽  
Education Psychology

AbstractRural poverty can be understood as a social condition of a person, or a group of people who were associated with aspects of economic and non-economic aspects. Scientific aspects such as social, cultural, health, education, psychology, the environment, law, anthropology, and art, was often associated with poverty. Nevertheless, the notion of poor and rural poverty is, in general, is still viewed by researcher's perspective, rather than emic, ie see something from the perspective of the participant. This study took part of the effort to comprehensively understand the meaning of poor and poverty in the eyes of the poor, especially in rural areas, roomates point is on how to map view of rural poor people in hopes of interpreting experience of livelihood as poor in underlying survival living. By using a qualitative study approach, especially the tradition of phenomenology of Schutz, obtained a description of the results, that the meaning of poor and poverty, in phenomenology, containing context, such as: context ownership; contexts effort and trial and error; contexts powerlessness; contexts outside assistance; independence in the context of compulsion; contexts unattainable expectations; context of the struggle; context of limited access to information; contexts low curiosity; contexts simplicity needs; problems humiliation context; and context sensitivity in social communication.Keywords: Meaning poor, Poverty, Rural AbstrakKemiskinan di pedesaan dapat dipahami sebagai suatu kondisi sosial seseorang, atau sekelompok orang yang terkait dengan aspek-aspek ekonomi dan non-ekonomi. Aspek ilmiah seperti sosial, budaya, kesehatan, pendidikan, psikologi, lingkungan, hukum, antropologi, dan seni, yang sering dikaitkan dengan kemiskinan. Namun demikian, gagasan tentang kemiskinan dan pedesaan, secara umum, masih dilihat dari perspektif peneliti, bukan emik, yaitu melihat sesuatu dari perspektif partisipan. Penelitian ini mengambil bagian dari upaya untuk secara komprehensif memahami makna miskin dan kemiskinan di mata masyarakat miskin, terutama di daerah pedesaan, which titik adalah bagaimana memetakan pandangan masyarakat miskin pedesaan dengan harapan pengalaman yang menafsirkan mata pencaharian sebagai masyarakat miskin untuk bertahan hidup. Dengan menggunakan pendekatan studi kualitatif, khususnya tradisi fenomenologi Schutz, diperoleh gambaran hasil, bahwa makna miskin dan kemiskinan, dalam fenomenologi, mengandung konteks, seperti: kepemilikan konteks; Upaya konteks dan trial and error; Ketidakberdayaan konteks; konteks di luar bantuan; kemerdekaan dalam konteks paksaan; konteks harapan tercapai; konteks perjuangan; konteks terbatasnya akses terhadap informasi; konteks rasa ingin tahu yang rendah; kesederhanaan konteks kebutuhan; konteks masalah penghinaan; dan sensitivitas konteks komunikasi sosial.Kata Kunci : Makna kemiskinan, Kemiskinan, Desa

SOCIO-ECONOMIC EMPOWERMENT OF WOMEN THROUGH MICRO CREDIT: AN EMPIRICAL STUDY

2021 ◽  
pp. 58-60
Author(s):  
T. Indumathi ◽  
G. Savaraiah
Keyword(s):  
Rural Women ◽  
Poverty Reduction ◽  
Rural Poverty ◽  
Poverty Line ◽  
Economic Empowerment ◽  
Political Empowerment ◽  
The Poor ◽  
The Government ◽  
The Impact ◽  
Micro Credit

The World Bank's Andhra Pradesh Rural Poverty Reduction Project supports the self helf groups of the women members. It promotes women's social, economic, legal and political empowerment to reduce poverty among the poor and the poorest of the poor. The important object of this article is to examine the impact of micronance on the socio economic empowerment of the rural women supported by the national reputed NGO- Rashtriya Seva Samithi (RASS). 184 women members of the SHGs promoted by Rasthriya Seva Samathi (RASS) an NGO which located in Tirupati town. 184 samples are selected randomly from 15 SHGs scattered throughout the Tirupati rural mandal (Taluk) from the area of the study have been considered to conduct the present research study. The study reveals that 87.71 percent of the sample women were below the poverty line before joining the SHGs. As a result of SHG, about 40 percent of the sample women crossed the poverty line. The highest intensive value indicates that more women have participated in social agitations for the welfare of the children and the society. The second highest intensity reveals that considerable numbers of women of SHGs have participated in the government sponsored schemes. The 1st point secured 3rd rank with total intensity value of 605 which status that the micro credit has resulted in increased social status and empowerment.

scholarly journals Pengentasan Kemiskinan Berbasis Pemberdayaan Masyarakat di Kabupaten Pohuwato

2019 ◽  
Vol 11 (3) ◽  
pp. 246-270
Author(s):  
Rusni Djafar ◽  
Umar Sune
Keyword(s):  
Political System ◽  
Technical Assistance ◽  
Local Level ◽  
Development Program ◽  
Poor People ◽  
Development Programs ◽  
Poverty Eradication ◽  
The Poor ◽  
Research Show

This study aims to explain and analyze empowerment-based poverty alleviation programs through the activities of assistance, facilitation and promotion and determinant factors of success in empowerment-based poverty eradication in Pohuwato District. This research method using qualitative approach, descriptive type to get a complete picture of problem of resource development of apparatus. The results of the research show that the assistance activities through training, consultation and technical assistance, and similar activities have not been coordinated with other supporting programs, making it difficult for the facilitator task as a program facilitator. Empowering the poor through the provision of facilities, has not been able to improve the capacity of the community. The low capacity and quality of service of government apparatus from the local level to the rural level, so that the provision of facilities does not allow the involvement of the poor. A highly centralized bureaucratic system and a highly authoritarian political system that has been practiced for more than four decades in Indonesia, brings out the weaknesses of the bureaucratic character. Promotion activities in the context of empowering the poor as an activity aimed at developing responsive services, the reality has not been effective in helping facilitate the poor to access various development programs that are beneficial to improving the welfare of the poor by earning productive employment. Activities that require synergies of cooperation between institutions / organizations (Government, Private, NGOs), difficult to realize because the dominance of egoism interests of each stakeholders in addressing every village development program. It is recommended to optimize training, consultation and technical assistance activities, as well as similar activities coordinated with support programs. Provision of adequate supporting facilities that can empower the poor on an ongoing basis, and streamline promotion to develop responsive services that enable poor people to access programs.Need to pay attention to communication factor, resources, attitude, and bureaucracy structure,so asnot tohinder the smooth implementation of poverty eradication program based on empowerment society.

scholarly journals Impact of Village-specific, Household-specific, and Technological Variables on Poverty in Punjab

2000 ◽  
Vol 39 (4II) ◽  
pp. 793-806
Author(s):  
Toseef Azid ◽  
Shahnawaz Malik
Keyword(s):  
Social Structure ◽  
Rural Population ◽  
Rural Poverty ◽  
Rural Poor ◽  
Absolute Poverty ◽  
Rural Pakistan ◽  
The Poor ◽  
The Rich

Rural poverty remains a serious problem in Pakistan, with more than 30 percent of rural population living in absolute poverty. In rural Pakistan there is a big gap between rich and the poor. While the stake of competition for position and status concerns the rich, the struggle for survival in the midst of increasing crises embarrasses the poor. The rural poor—the pauperised class—are week and powerless with inadequate command over resources relative to needs. In fact, the polarisation process which is making the rich richer and poor poorer is a consequence of poverty. Neither the poor nor the outside well wishers have the power to break the vicious deprivation trap. It is consensus that rural social structure is responsible for rural underdevelopment.

scholarly journals Social Versus Financial Performance of Microfinance: Bangladesh Perspective

2018 ◽  
Vol 10 (3) ◽  
pp. 263
Author(s):  
Mohammad Aslam ◽  
Senthil Kumar ◽  
Shahryar Sorooshian
Keyword(s):  
Financial Performance ◽  
Financial Services ◽  
Poverty Alleviation ◽  
Financial Institution ◽  
Panel Data Analysis ◽  
Poor People ◽  
Financial Sustainability ◽  
The Poor ◽  
Social Objective ◽  
The Relationship

Microfinance is a tool designed for poverty alleviation by providing financial services more specifically small credit to the poor household for income generating activities. One of the better ways to help poor people for poverty alleviation is through giving them financial services that cannot be done in traditional banking system. However, there is a big question whether it is possible to provide those services for a financial institution without being sustainable financially. How far it can go with free lunch that is depending on donors’ fund. These two patterns place microfinance at the intersection. One may wonder whether the microfinance compromises a trade-off between serving the poor as social objective and attaining financial sustainability as financial objective. If microfinance institute wishes to get financial sustainability through profit maximization rather ignoring intended social objective of alleviating poverty, than it loses its momentum and becomes like other traditional financial institute. Fulfilling social objective with financial sustainability will be the optimum outcome of microfinance. Microfinance has been pioneered primarily in Bangladesh and later replicated in rest of the world. By this time, over 33 million of clients are being served with various financial and non-financial services by over 700 registered microfinance institute in Bangladesh. This study intent to measure the social outreach versus financial sustainability of microfinance institute in Bangladesh through panel data analysis. To do this, we have analyzed the relationship between financial performance and depth of outreach of top 20 microfinance institutes of Bangladesh from 2015 to 2017. Our results show that the relationship is positive or neutral in some cases. Therefore, microfinance in Bangladesh has been attaining both social and financial objectives and there appears no mission drift.

Blind and Delusional

2020 ◽  
pp. 132-152
Author(s):  
Cathy A. Small ◽  
Jason Kordosky ◽  
Ross Moore
Keyword(s):  
United States ◽  
Medical Care ◽  
Economic System ◽  
Financial Services ◽  
Homeless People ◽  
The United States ◽  
Poor People ◽  
Economic Policies ◽  
The Poor ◽  
Alternative Financial Services

This chapter argues that when it comes to homeless people, the American public is blind and delusional. It reflects on how the economic policies in the United States have resulted in much greater gains for those with more than for those with less, while those in the bottom tier of the economic system have recently been losing ground not just relatively but absolutely. As a result, poor people are less well positioned than ever before in recent history to be able to afford basic needs, especially housing. What has happened to the country's poorest is that a growing percentage are “severely rent burdened.” This often makes it difficult to afford food, clothing, transportation, and medical care. Moreover, it leaves many in the vulnerable place where there is no way to save money and no way to weather even a small storm. Any misfortune can leave one short or late with their rent, often leading to eviction. All of this is why so many Americans live on the edge of homelessness. The chapter then considers “the high cost of being poor,” explaining how the poor depend on alternative financial services.

scholarly journals Why some poor women in Bangladesh do not opt for micro-credit?

2014 ◽  
Vol 11 (2) ◽  
pp. 285-292 ◽  
Author(s):  
MA Khatun ◽  
MA Islam ◽  
S Majumder
Keyword(s):  
Rural Women ◽  
Poverty Alleviation ◽  
Poor People ◽  
High Interest Rate ◽  
Starting Time ◽  
The Poor ◽  
Poor Women ◽  
Poor Families ◽  
Poor Management ◽  
Micro Credit

Despite many positive impacts of micro-credit, some studies found that micro-credits are not reaching the extreme poor. This study is designed to find out the major causes why rural women do not join micro-credit programme. The present study conducted case studies on ten dropped out members, three non-NGO/MFI members and five NGO/MFI officials. The important causes for dropout are high interest rate, poor management of loan money by clients, management of default cases by NGO/MFI officials, starting time of repayments of instalment, improper utilisation of loan money, husband’s unacceptable interference, lack of training to utilise the money and difficulty in getting large amount of loan. On the other hand, worry of failure to repay the instalment, unwillingness to take loan and husband’s opposition are the main reasons for non-membership of micro-credit programmes. Tough membership criteria set by the NGOs/MFIs restricts the access to micro-credit option for many of the poor families. Though some NGOs/MFIs have some programmes to support the ultra poor, the coverage is limited. One important hurdle to overcome is the psychological poverty. There are many poor people who are not motivated to get involved in the process despite many NGOs/MFIs are operating at their doorsteps. Appropriate actions are needed to increase the coverage of the micro-credit programme to fight against poverty. NGOs/MFIs should focus not only on the profit but also on the true achievement in poverty alleviation. DOI: http://dx.doi.org/10.3329/jbau.v11i2.19927 J. Bangladesh Agril. Univ. 11(2): 285-292, 2013

Small Ruminants: Potential Value and Contribution to Sustainable Development

1994 ◽  
Vol 23 (2) ◽  
pp. 97-103 ◽  
Author(s):  
C. Devendra
Keyword(s):  
Sustainable Development ◽  
Natural Resources ◽  
Small Ruminants ◽  
Poor People ◽  
Farm Level ◽  
Sheep And Goats ◽  
Potential Value ◽  
The Poor ◽  
Environmental Fluctuations

Small ruminants — that is, sheep and goats — have an important contribution to make to sustainable development. A high proportion of the world's sheep and goat populations are found in Africa and Asia, mainly on mixed farms under rainfed systems, and they are significant assets for poor people. They provide meat, milk, fibre and skins and act as a buffer against environmental fluctuations, reducing risks for the farmer. Current levels of productivity are low, and for meat the gap between output and demand is widening. Improvements in the productivity of small ruminants and in their contribution to development will depend on increased efficiency in the use of goats and sheep, integrated use of natural resources, targetting of the poor, wider use of improved technologies at the farm level, and greater attention to ecosystem and ecoregional development.

scholarly journals Self Help Groups and Micro Credit- An Analytical Study with Special Reference to Coimbatore City

2010 ◽  
Vol 6 (1) ◽  
pp. 11-15
Author(s):  
P. Palanivel ◽  
D. Sureshkumar
Keyword(s):  
Financial Services ◽  
Local Development ◽  
Economic Status ◽  
The Public ◽  
Positive Effects ◽  
Societal Issues ◽  
Social Basis ◽  
Self Help ◽  
Self Help Groups ◽  
Micro Credit

Microfinance and micro-credit practices have become a popular means of local development. In India, their expansion has been largest in Tamilnadu. These practices target primarily women, who are encouraged to construct self-help-groups in order to have a social basis for raising collateral and for receiving financial services. Microfinance has been perceived by the public as inducing strong positive effects on women’s empowerment and as strengthening the democratic fibre. From these standpoints, expansion and effects, it has been evaluated and analyzed whether microfinance can empower women and if empowered women can make a difference in women’s and societal issues. Interestingly, this study found that most women in this association experienced increased income and therefore improved their economic status, political and social conditions after receiving the loans. This result therefore further upholds the main purpose and objectives of microfinance in general

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