Ethiopian Women Economic Empowerment Through Microfinance
Keywords:
Microfinance, Women Economic Empowerment, Moderating Effect.
Abstract
Women's economic empowerment a strategy helping women to participate in the process of making decisions, supporting income increment, asset possession. The main aim of this study is to investigate the microfinance impact on women economic empowerment considering age and education as moderators. Data for this study have been collected from 346 respondents of microfinance beneficiary women. For data analysis multiple regression and moderated regression with Hayes (2018) process macro software were used in the study. Regression results showed that credit amount, age, number of training, marital status, education level, have a significant impact on the development of women's economy. However, the business experience has an insignificant impact on the development of women's economy. Moderated regression results revealed that age and education did not have a moderation role in the relationship between microfinance service and on the economic empowerment of women. Microfinance affects women's economic empowerment by improving women's independent income, increasing asset possession levels, and improved monthly saving amount. Moreover, the study proved that the microfinance institution has a vital role in women entrepreneurs' development and business exposure.
References
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Alshebami, A. S., & Khandare, D. M. (2015). The role of microfinance for empowerment of poor women in Yemen. International Journal of Social Work, 2(1), 36-44.
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Wassie, S. B., Kusakari, H., & Sumimoto, M. (2019). Performance of microfinance institutions in Ethiopia: Integrating financial and social metrics. Social Sciences, 8(4), 117.
Wanjiku, E., & Njiru, A. (2016). Influence of microfinance services on economic empowerment of women in Olkalou constituency, Kenya. International Journal of Research in Business Management, 4(4), 67-78.
Yousuf, J., & Dawit, T. (2014). Women’s Economic Empowerment Through Microcredit Intervention: The Case of Chinaksen Woreda, Oromiya National Regional State (Doctoral dissertation).
Alshebami, A. S., & Khandare, D. M. (2015). The role of microfinance for empowerment of poor women in Yemen. International Journal of Social Work, 2(1), 36-44.
Belay, M., & Amanpreet, S. (2019). Impact of microfinance through Amhara credit and saving institution on women's economic empowerment.International Journal of Recent Technology and Engineering, 8(4), 9696-9703.
Duflo, E. (2012). Women empowerment and economic development. Journal of Economic literature, 50(4), 1051-79.
Gundappa, M. (2014). Micro finance and Empowerment of Women: An Impact study of SHGS. Indian Streams Research Journal, 4(8).
Hayes, A. F. (2018). The Process macro for SPSS and SAS (version 3.0).
Hussain, J., Mahmood, S., & Scott, J. (2019). Gender, microcredit and poverty alleviation in a developing country: The case of women entrepreneurs in Pakistan. Journal of International Development, 31(3), 247-270.
Kabeer, N. (2005). Is microfinance a 'magic bullet' for women's empowerment? Analysis of findings from South Asia. Economic and Political weekly, 4709-4718.
Kato, M. P., & Kratzer, J. (2013). Empowering women through microfinance: Evidence from Tanzania.
Khanday, M. I., Shah, B. A., Mir, P. A., & Rasool, P. A. R. V. A. I. Z. (2015). Empowerment of women in India-historical perspective. European Academic Research, 2(11), 14494-14505.
Kaur, J. (2012). Microfinance and women empowerment: a study of Punjab.
Korkmaz, S., Goksuluk, D., & Zararsiz, G. (2014). MVN: An R package for assessing multivariate normality. The R Journal, 6(2), 151-162.
Laha, A., & Kuri, P. K. (2014). Measuring the impact of microfinance on women empowerment: A cross country analysis with special reference to India. International Journal of Public Administration, 37(7), 397-408.
Ledgerwood, J. (1999). Sustainable banking with the poor. Microfinance Handbook. And Institutional and Financial Perspective.
Littlefield, E., Morduch, J., & Hashemi, S. (2003). Is microfinance an effective strategy to reach the millennium development goals?. Focus note, 24(2003), 1-11.
Mohapatra, S., & Sahoo, B. K. (2016). Determinants of participation in self-help-groups (SHG) and its impact on women empowerment. Indian Growth and Development Review.
Naeem, A., Khan, S., ul Hassan, F. S., & Muhammad, J. (2018).The Impacts of Microfinance on Women Entrepreneurs “A Case Study of District Quetta, Pakistan”.
Odell, K. (2010). Measuring the impact of microfinance. Grameen Foundation, Washington, 1-38.
Parveen, S., & Leonhäuser, I. (2004). Empowerment of Rural Women in Bangladesh: A Household Level Analysis In: A Paper Presented in the conference on Rural Poverty Reduction through Research for the Development and Transformation. 5–7 October. Deutscher Tropentag-Berlin, German.
Parveen, S., & Chaudhury, M. S. R. (2009). Micro-credit intervention and its effects on empowerment of rural women: the BRAC experience. Bangladesh Research Publication Journal, 2(3), 641-647.
Ringkvist, J. (2013). Women's Empowerment through Microfinance: A case study on Burma.
Rahman, M. M., Khanam, R., & Nghiem, S. (2017). The effects of microfinance on women’s empowerment: new evidence from Bangladesh. International Journal of Social Economics, 44(12), 1745-1757.
Rashid, F., John, M., Consolatta, N., & Stephen, S. (2015). Impact of microfinance institutions on economic empowerment of women entrepreneurs in developing countries. International Journal of Management Science and Business Administration, 1(10), 45-55.
Rehman, H., Moazzam, A., & Ansari, N. (2015). Role of microfinance institutions in women empowerment: A case study of Akhuwat, Pakistan. South Asian Studies, 30(1), 107-125.
Rathiranee, Y., & Semasinghe, D. M. (2015). Factors determining the women empowerment through microfinance: An empirical study in Sri Lanka. International Journal of Social, Behavioural, Educational, Economic, Business and Industrial Engineering, 9(5), 2328-2185.
Selvaraj, N. (2016). Impact of Micro-Credit on Economic Empowerment of Women in Madurai, Tamilnadu. Journal of Global Economics, 4(4).
Sell, M., & Minot, N. (2018, November). What factors explain women's empowerment? Decision-making among small-scale farmers in Uganda. In Women's Studies International Forum (Vol. 71, pp. 46-55). Pergamon.
Stewart, R., Van Rooyen, C., Dickson, K., Majoro, M., & de Wet, T. (2010). What is the impact of microfinance on poor people?: a systematic review of evidence from sub-Saharan Africa.
Swapna, K. (2017). Impact of microfinance on women entrepreneurship. International Journal of Business Administration and Management, 7(1), 2278-3660.
Samad, M. A. (2014). Islamic micro finance: tool for economic stability and social change. Humanomics. https://doi.org/10.1108/H-12-2013-0085.
Sinha, F. (2006). Social rating and social performance reporting in microfinance. Towards a common framework, the SEEP network for the Argidius Foundation.
Tandon, T. (2016). Women empowerment: perspectives and views. The International Journal of Indian Psychology, 3(3), 6-12.
Wassie, S. B., Kusakari, H., & Sumimoto, M. (2019). Performance of microfinance institutions in Ethiopia: Integrating financial and social metrics. Social Sciences, 8(4), 117.
Wanjiku, E., & Njiru, A. (2016). Influence of microfinance services on economic empowerment of women in Olkalou constituency, Kenya. International Journal of Research in Business Management, 4(4), 67-78.
Yousuf, J., & Dawit, T. (2014). Women’s Economic Empowerment Through Microcredit Intervention: The Case of Chinaksen Woreda, Oromiya National Regional State (Doctoral dissertation).
Published
2020-08-15
How to Cite
Mengstie, B., & Singh, A. (2020). Ethiopian Women Economic Empowerment Through Microfinance. Indian Journal of Finance and Banking, 4(2), 51-57. https://doi.org/10.46281/ijfb.v4i2.708
Section
Regular Research Article/ Short Communication Article
Copyright (c) 2020 Belay Mengstie, Amanpreet Singh
This work is licensed under a Creative Commons Attribution 4.0 International License.
