scholarly journals Gender and Poverty Reduction in Ghana: The Role of Microfinance Institutions

2021 ◽  
Vol 13 (8) ◽  
pp. 71
Author(s):  
Bibiana K. Batinge ◽  
Hatice Jenkins
Keyword(s):  
Health Education ◽  
Rural Women ◽  
Poverty Reduction ◽  
Gender Disparity ◽  
Vital Role ◽  
Living Standards ◽  
Standard Of Living ◽  
Microfinance Institutions ◽  
Access To Finance

Inequality between men and women is widely acknowledged across many parts of the globe. For example, among paid employees in Ghana, women’s average hourly earnings were around 67% of men. The disparity in earnings perpetuates poverty. Access to financial resources is widely regarded as crucial machinery to addressing this gender disparity and reducing poverty among women. Microfinance is a conduit to increasing access to finance among poor urban and rural women who usually lack the collateral to access loans from traditional financial institutions. Notwithstanding the vital role microfinance institutions play, there is no consensus on the assertion that its impact is generally favourable. Therefore, this study investigated the role of microfinance on health, education, and standard of living, as dimensions of poverty reduction in the Techiman Municipality of Ghana. The results indicate that access to microfinance services positively correlates to health, education, living standards and poverty reduction. Therefore, it is essential to extend the reach of microfinance services to increase access further to finance and, consequently, accelerate the rate of poverty reduction within the Municipality.

scholarly journals The role of chamber system in development of agricommerce in Serbia

2010 ◽  
Vol 4 (3-4) ◽  
pp. 79-82
Author(s):  
Emil Cukic
Keyword(s):  
Vital Role ◽  
Living Standards ◽  
Economic Indicators ◽  
Retail Stores ◽  
Chamber System ◽  
Total Revenue ◽  
Eu Accession ◽  
Social Reforms ◽  
Faster Development

This research is carried out in order to be determined the role of Chamber system in development of agricommerce along with successful preparation of Serbia for EU accession. On February 28, 1857 Prince Aleksandar Karaðorðeviæ signed the Decree, called THE CONSTITUTION OF THE TRADE. By this Decree, the first BusinessAssociation in Serbia was constituted. Under the Law on retail stores passed in June 1910, the first chambers were established. Those were the following: • The Chamber of TRADE • The Chamber of CRAFTS • The Chamber of INDUSTRY • The Chamber ofWORKERS Today, in conditions of economic and social reforms and transfer toward market oriented economy, chambers in Serbia chose to reconsider their role, by using experiences of chambers in countries with developed market economy.The chamber strives to be organized as independent, business oriented and expert association of economic operators. The structure of economy, from the aspect of important economic indicators (total revenue, profit), shows dominant share of manufacturing andagro-industry, trade, financial and other services sectors, transport, telecommunication, and construction industries. By generating over 30% of GDP and employment, Belgrade plays vital role in the economy of the whole Serbia. That is an advantage, but also the responsibility to constantly stimulate faster development and higher living standards by inciting the positive changes in economic and overall environment.

The role of entrepreneurship in reducing poverty in agricultural communities

2021 ◽  
Vol 15 (5) ◽  
pp. 665-683
Author(s):  
Mufaro Dzingirai
Keyword(s):  
Poverty Reduction ◽  
The Body ◽  
Exploratory Research ◽  
Microfinance Institutions ◽  
Cross Sectional ◽  
Content Type ◽  
Agricultural Communities ◽  
Agricultural Entrepreneurship ◽  
Practical Implications

Purpose Entrepreneurship has increasingly become a subject of interest for scholars and policymakers in an attempt to reduce poverty in agricultural communities across the world, especially in Africa. Accordingly, the purpose of this paper is to examine the role of entrepreneurship in reducing poverty in agricultural communities of Lower Gweru, Zimbabwe. Design/methodology/approach Exploratory research design informed the data collection and analysis in this study. In-depth interviews were conducted with 20 owners of agribusinesses from various socio-economic backgrounds. The collected data from the field were analyzed using thematic analysis. Findings The results revealed that entrepreneurship plays a catalytic role in poverty reduction in agricultural communities through food security, skill transfer, employment creation, income generation and a decrease in food costs. Research limitations/implications This study focused on four agricultural communities in Lower Gweru which can limit the generalizability of the results to other contexts. Furthermore, this inquiry is a cross-sectional study that did not capture the longitudinal factors that can affect entrepreneurship and poverty reduction in agricultural communities. Practical implications The research outcomes have some practical implications for the Zimbabwean government and microfinance institutions in designing policies and programs to reduce poverty in marginalized agricultural communities. The findings are also useful for non-governmental organizations in designing, monitoring and evaluating poverty reduction programs in agricultural communities. Originality/value This study advances, contextualizes and enriches the body of knowledge concerning agricultural entrepreneurship and poverty reduction in the under-researched setting of agricultural communities. Notably, this study captures the African flavor in the agricultural entrepreneurship and poverty reduction discourse by focusing on the unique Zimbabwean context.

scholarly journals Adequacy of Social Services for Persons with Disability of a Second Class City in Negros Occidental

2020 ◽  
Vol 3 (2) ◽  
pp. 171-172
Author(s):  
Cherry Belle R. Marcella ◽  
Ma. Dolores J. Nalumen
Keyword(s):  
Social Services ◽  
Poverty Reduction ◽  
Social Protection ◽  
Total Population ◽  
Vital Role ◽  
Standard Of Living ◽  
Social Aspect ◽  
The Social ◽  
Five Elements ◽  
Basic Level

Persons with Disability (PWDs) comprise one billion or fifteen percent (15%) of the world's total population. Adequacy of social services plays a vital role in realizing the rights and welfare of the PWDs. This includes providing them with an adequate standard of living and a basic level of income security that will help reduce their levels of poverty and vulnerability. The Department of Social Welfare and Development (DSWD) is the primary government agency mandated to develop and coordinate social protection and poverty reduction solutions for and with the poor, vulnerable, and disadvantaged. Hence, this study explored how adequate are the social services under the five elements: health, education, livelihood, social aspect, and empowerment provided by the CSWD Office of a second-class city in Negros Occidental. It also explored the challenges faced by the respondents in availing of the social services and their recommendations to overcome those challenges.

scholarly journals Relevance of social capital in women’s business performance in Bangladesh

2017 ◽  
Vol 15 (1) ◽  
pp. 87-94 ◽  
Author(s):  
L Mozumdar ◽  
KS Farid ◽  
PK Sarma
Keyword(s):  
Social Capital ◽  
Rural Women ◽  
Business Performance ◽  
Poverty Reduction ◽  
Positive Impact ◽  
Rural Poverty ◽  
Microfinance Institutions ◽  
Information Gap ◽  
The Government ◽  
External Actors

Social capital has been projected as a key resource in entrepreneurial success. While the association between successful business activity by rural women and their ability in building social capital is often seen as a pathway of poverty reduction, a thorough understanding of the relevance of social capital in women’s business performance could have crucial insights into ways for alleviating rural poverty in developing countries. Nonetheless, the relevance of social capital in women’s business performance has hardly studied in the specific context of Bangladesh. The present review is undertaken to fill this information gap. Social capital has positive impact on gaining legitimacy, building mutual trust and co-operation in women’s business. Besides, women enterprises with enhanced social capital are found to possess better access to other forms of capital. The review shows the importance of external actors such as microfinance institutions in developing social capital of women enterprises in Bangladesh. Alongside microfinance, regulative factors such as different rules and regulations of the government can positively facilitate women entrepreneurship development in rural Bangladesh.J. Bangladesh Agril. Univ. 15(1): 87-94, January 2017

Performance Analysis of Microfinance Institutions in Aizawl City, Mizoram, India

2021 ◽  
pp. 120-126
Author(s):  
Lalzuiliana Lalzuiliana
Keyword(s):  
Poverty Line ◽  
Vital Role ◽  
Standard Of Living ◽  
Baseline Survey ◽  
Microfinance Institutions ◽  
Economic Activities ◽  
Financial Products ◽  
Poor Households ◽  
Start Up ◽  
Poor Families

In this research paper an attempt is made to analyze the performance of microfinance Institutions by providing micro credits to living in abject poverty. Altogether 56,584 families in Mizoram are still living below poverty line which is 19.63 percent of total households of over 2.8 lakh, according to the BPL baseline survey 2016. The abject poor families have no access to formal financial products like saving, remittance, insurance. The utter poor families are in immense need of credits for which microfinance plays a vital role to make available this credit needs and motivate the poor households to increase their standard of living. This study intends to analyze how microfinance contributes to the development of micro enterprises in the area of Aizawl city. The abject poor families could start their own ventures in productive economic activities availing micro loans from the microfinance institutions. With the support of the microfinance institutions, the very poor families of the region can be start-up profitable economic activities which generate supplementary employment thereby eradicating poverty through increased income.

scholarly journals Evaluating the Sustainability of Microfinance Institutions Considering Macro-Environmental Factors: A Cross-Country Study

2019 ◽  
Vol 11 (21) ◽  
pp. 5947 ◽  
Author(s):  
Wei Xu ◽  
Hongyong Fu ◽  
Huanpeng Liu
Keyword(s):  
Environmental Factors ◽  
Set Theory ◽  
Poverty Reduction ◽  
Soft Set ◽  
Ideal Solution ◽  
Microfinance Institutions ◽  
Order Preference ◽  
Cross Country ◽  
Types Of Information

Microfinance institutions (MFIs) have attracted great attention, due to their significant role in poverty reduction. Given the features of MFIs, this paper proposes a novel hybrid model of soft set theory, and an improved order preference by similarity to ideal solution (HMSIT) to evaluate the sustainability of MFIs, considering accounting ratios, corporate governance factors, and macro-environmental factors, from a cross-country perspective. This setting enables the examination of the role of macro-environmental factors in the sustainability of MFIs. For this purpose, soft set theory is adopted to select optimal criteria. An improved order preference by similarity to ideal solution method, in which the weight of each criterion is determined by soft set theory, is proposed to rank the sustainability of MFIs. This algorithm enables HMSIT to make full use of various types of information. The case study uses cross-country samples. Results indicate that macro-environmental factors are significant in evaluating the sustainability of MFIs from a cross-country perspective. Particularly, they can play a key role in distinguishing MFIs with low sustainability. The results also indicate that HMSIT has strong robustness. Ranked results, produced from the proposed HMSIT are reliable enough to provide some managerial suggestions for MFIs and help stakeholders make decisions.

scholarly journals Socio-Economic Status of Rural Women of Self Help Groups: A Study of Dhaniakhali and Polba-Dadpur Blocks of Hooghly District, W.B.

2020 ◽  
Vol 66 (2) ◽  
pp. 164-173
Author(s):  
Saheli Kumar ◽  
◽  
Kaushalendra Prakash Goswami ◽  
Keyword(s):  
Rural Women ◽  
Social Transformation ◽  
Economic Status ◽  
Vital Role ◽  
Primary Data ◽  
Socio Economic Status ◽  
Self Help ◽  
Self Help Groups ◽  
The Impact

Nowadays Self-Help Group or SHG plays a vital role not only in social transformation and upliftment of rural women but also in social-economic betterment of them. The main objective of this paper is to examine the impact assessment in the socio-economic status of rural women through Self Help Groups with the help of a micro-level study of two C. D. blocks namely Dhaniakhali and Polba-Dadpur in Hooghly district. 40572 SHGs are consisting of 394897 members in 18 C. D. blocks of Hooghly district. Among the blocks, Daniakhali and Polba-Dadpur were selected for the study, of which 28 groups are chosen randomly. From these selected groups 108 members have been selected to conduct the primary survey. Personal interviews were conducted to find out the major purposes of the study i.e. to examine the role of SHG in developing the socio-economic status of rural women and to analyse the impact of SHGs in decision making. The study is mainly based on primary data and simple per cent calculation is used for analysing the data. The major analytical tool employed for the study is tabular analysis to facilitate easy interpretation. Map of the study area is prepared through ArcGIS 10.5 software. The present study explains a detailed socio-economic profile of the SHG members in the study area.

scholarly journals MICROFINANCE; A POVERTY REDUCTION TOOL, SOCIO-ECONOMIC PROSPECTIVE

2019 ◽  
Vol 1 (2) ◽  
pp. 1-5
Author(s):  
ADA JAFFERY ◽  
DAWOOD MAMOON
Keyword(s):  
Poverty Reduction ◽  
Institutional Design ◽  
Well Being ◽  
Microfinance Institutions ◽  
Bottom Line ◽  
Efficient Tool ◽  
Joint Liability ◽  
Government Organizations ◽  
Better Than

This paper aims to critically evaluate the microfinance approach in social and economic perspective. Critical analysis reveals that microfinance can be used as an efficient tool to reduce poverty, thus contributing towards economic as well as social development. Moreover, paper highlights the role of institutional design and indicates that microfinance institutions working on the lines of non government organizations and following the double bottom line approach performs better than the other institutional frameworks. Joint liability and the role of group leader are eminent in enhancing the performance of these institutions. Poverty can be decreased if microfinance institutions are driven in a more systematic manner keeping in mind primarily the well being of society.

scholarly journals Peranan Wakaf dalam Pembangunan Ekonomi di Negeri Perak

Jurnal Fiqh ◽  
2021 ◽  
Vol 18 (1) ◽  
pp. 169-216
Author(s):  
Amelia Nur Natasha Abdul Nazeri ◽  
Asmak Abdul Ab Rahman
Keyword(s):  
Economic Development ◽  
Thematic Analysis ◽  
Health Sector ◽  
Secondary Data ◽  
Living Standards ◽  
Standard Of Living ◽  
Primary Method ◽  
Economic Activities ◽  
Management And Development

The role of waqf in economic development is evident in how waqf instruments enable various economic activities. In Perak, Majlis Agama Islam dan Adat Melayu Perak (MAIPk) manages the development of waqf assets by acting as sole trustee in the development of waqf property in that state. This study analyzes the role of waqf in the economic development of Perak. The primary method used to obtain data was through interviews with MAIPk about the management and development of waqf projects. Secondary data was collected through various references such as books, theses and journals. The data thus collected was analyzed using thematic analysis according to the focus of the study. The study found that waqf played a role in the economic development of Perak’s health, education, and the improvement of income and its community’s standard of living. The outstanding development in the health sector was the construction of a waqf hemodialysis center. In the educational sector, waqf funds and instruments, contributed to the construction of the Islamic University Sultan Azlan Shah Dormitory (UISAS) and Maahad Tahfiz. Waqf also contributed to improving the income and living standards of the community in Perak through various projects such as the Wakaf Business Centre (WBC) project, waqf housing, and waqf boats to develop the economy of the community in Perak.

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