Microfinance

Mayoux, L, 2002. Microfinance and womens empowerment: Rethinking best practice, Development Bulletin, no(prenominal) 57, pp. 76-81. Microfinance and womens empowerment: Rethinking best practice Linda Mayoux, Independent advisor foundation garment In the 1990s microfinance targeting women became a major focus of grammatical gender policy in many donor agencies. books wide-awake for the 1997 Micro impute Summit, donor policy documents and NGO funding proposals both designate an extremely attractive vision of increasing numbers game of expanding, financially self-sustainable microfinance programmes reaching large numbers of women borrowers. Through their voice to womens ability to earn an income, these programmes are assumed to set out a series of virtuous spirals of economic empowerment, increased upbeat for women and their families and wider brotherly and political empowerment. However, more recently, as the findings of research and bewilder engender filtered throug h, this initial enthusiasm is being replaced by scepticism. here it is argued that, although the widespread complacency about the automatic benefits of microfinance for women needs to be questioned, the shortcomings of quick practice should stimulate the search for improvement and innovation, or else than offer up the basis for cynical inaction.

It is not microfinance per se which is the problem, but the ways in which best practice has get dominated by concerns of financial sustainability. Innovations in some programmes crest to a browse of ways in which microfinances piece to empowerment set up be increase d as part of a broader outline for gender t! ransformation. Questioning virtuous spirals Microfinance programmes have signifi brush offt likely for contributing to womens economic, well-disposed and political empowerment. Access to nest egg and credit can initiate or strengthen a series of interlinked and reciprocally reinforcing virtuous spirals of empowerment. Women can use nest egg and credit for economic...If you want to get a full essay, severalise it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay