WOMEN EMPOWERMENT THROUGH MICROCREDIT: STEP TOWARDS ALLEVIATING FEMINIZATION OF POVERTY
Download| Volume 9 Issue 2 2013 | |
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| Author(s): |
Sara Wali Qazi
Dr. Manzoor Isran
Dr. Samina Isran
Dr. Nadeem A. Syed
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| Abstract | The study explores and evaluates the women‟s experiences with microcredit facility for women empowerment. While there is a mutual understanding and consensus on closer nexus between women empowerment and microcredit, women are disempowered for a variety of reasons such as lacks of financial resources is a member of the patriarchy society misinterpreted religious concepts about her role and position in the society, and cultural restraints. However, microcredit globally promoted as a “miracle cure” for the financially weak, especially women who face so many problems accessing microcredit for a variety of reason, which has been discussed in detail in this study.This is a qualitative study with an inductive approach and interpretive philosophy which allow the existence of multiple subjective perspectives and construction of knowledge. Women who availed microcredit from microfinance institutions (MFIs) were selected for the research study. The data was congregated through in-depth interviews and stopped at saturation level. Through phenomenological analysis, women lived experiences were analyzed.The results indicate that microcredit strengthens women in all dimensions but plays a more influential role when they are provided with autonomous access to microcredit, support from family, and facilities from MFIs. Needless to say that the multidimensional women‟s stability contributes to alleviating feminization of poverty and this is not a social issue but the global dilemma nowadays.This research is significant for the microfinance practitioners to design policies for promoting women entrepreneurship and for MFIs to facilitate their contemporary women clients with training and efficient supervision. |
| Keywords | Microcredit, Women Economic Empowerment, Women Social Empowerment, Women Household increased well-being, and feminization of poverty |
| Year | 2013 |
| Volume | 9 |
| Issue | 2 |
| Type | Short Report |
| Recognized by | Higher Education Commission of Pakistan, HEC | Category | "Y" | Journal Name | IBT Journal of Business Studies | Publisher Name | ILMA University | Jel Classification | - | DOI | http://dx.doi.org/10.46745/ilma.jbs.2013.09.02.02 | ISSN no (E, Electronic) | 2409-6520 | ISSN no (P, Print) | 2416-8393 | Country | Pakistan | City | Karachi | Institution Type | University | Journal Type | Open Access | Manuscript Processing | Blind Peer Reviewed | Format | Paper Link | http://ibtjbs.ilmauniversity.edu.pk/journal/jbs/9.2/2%20-%20Women%20Empowerment%20Through%20Microcredit%20Step%20Towards%20Alleviating%20Feminization%20of%20Poverty.pdf | Page | 9-22 |