The Role of Microfinance in Promoting Women's Empowerment: A Socioeconomic Approach

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Title

The Role of Microfinance in Promoting Women's Empowerment: A Socioeconomic Approach

Creator

Gertrude Amoakohene, Stephen Owusu Afriyie, Joseph Nkyi, Mohammed Musah, Peter Yao Lartey

Description

Women's economic empowerment is a technique meant to give them more authority over decisions, increase their income, and own assets. Since empowering women is essential to achieving the goals of development and reducing poverty, numerous attempts have been made to address this issue. Microfinance institutions (MFIs) have emerged as key tools over the past few decades to not only address poverty, but also to empower women in particular. It is believed that by employing microfinance, which has been shown to be one of the most effective approaches, women may gain some kind of personal empowerment. The primary objective of this research is to analyse how microfinance affects women's economic empowerment. Microfinance significantly boosts women's independent revenues, their levels of asset ownership, and their savings, which all contribute to their economic empowerment. The research …

Publisher

IGI Global

Date

2023

Source

https://scholar.google.com/citations?view_op=view_citation&hl=en&user=bwqWdp0AAAAJ&citation_for_view=bwqWdp0AAAAJ:qjMakFHDy7sC

Language

English