Tag Archives: Micro Credit

CONTRIBUTION OF MICRO CREDIT PROGRAMME IN EMPOWERING WOMEN – A SPECIAL REFERENCE TO KILINOCHCHI DISTRICT IN SRI LANKA (Published)

The prime objective of this study was to assess the impact of micro credit in empowering poor women before and after joining with micro credit programmes. The study was conducted at Kilinochchi District in Sri Lanka as one of the war affected areas. Both qualitative and quantitative methods have been used to obtain a reliable data. Data were derived from a questionnaire survey of a sample of 94 women clients and three focus group discussions were conducted involving 18 women while in-depth interviews were carried out with another 12. The paired sample statistics was used to find out the significant differences between before and after joining the micro credit programme. The study indicated that the income levels of the majority of the clients have increased after the delivery of micro credit. The results have also been shown in the enhancement of the women’s self-confidence with respect to the capability to work on their own and improve their lives. The study concluded that the microfinance activities are necessary for the overall empowerment except access of micro credit.

Keywords: Micro Credit, Micro Finance Activities, Poor People, Post War Development, Self Employment Activities and Women Empowerment.

CONTRIBUTION OF MICRO CREDIT PROGRAMME IN EMPOWERING WOMEN: A SPECIAL REFERENCE TO KILINOCHCHI DISTRICT IN SRI LANKA (Published)

The prime objective of this study was to assess the impact of micro credit in empowering poor women before and after joining with micro credit programmes. The study was conducted at Kilinochchi District in Sri Lanka as one of the war affected areas. Both qualitative and quantitative methods have been used to obtain a reliable data. Data were derived from a questionnaire survey of a sample of 94 women clients and three focus group discussions were conducted involving 18 women while in-depth interviews were carried out with another 12. The paired sample statistics was used to find out the significant differences between before and after joining the micro credit programme. The study indicated that the income levels of the majority of the clients have increased after the delivery of micro credit. The results have also been shown in the enhancement of the women’s self-confidence with respect to the capability to work on their own and improve their lives. The study concluded that the microfinance activities are necessary for the overall empowerment except access of micro credit.

Keywords: Micro Credit, Micro Finance Activities, Poor People, Post War Development, Self-employment activities, Women Empowerment

IMPACT OF MICRO-CREDIT ON POVERTY ALLEVIATION IN NIGERIA – THE CASE OF ENUGU EAST LOCAL COUNCIL (Published)

Poverty has remained a global phenomenon and has defied various attempts at curbing it especially in developing countries. The high and unacceptable number of people within its grip around the world gave it a pride of place as one of the major goals of Millennium Development Goals (MDGs) adopted in 2000. Poverty alleviation was a prime target of the MDGs and micro-credit was recognized as a veritable tool for tackling it. In this paper, we examined empirically the effect of micro-credit on poverty alleviation in Nigeria using some selected rural farm households in Enugu East Local Government of Nigeria. To achieve this, primary data were collected on the sources and access to micro credit; the incidence, depth and severity of poverty among the selected rural households. Appropriate descriptive and analytical tools were employed to process the data obtained. The results of the study show that poverty level is still high among the rural populace; but those that have access to micro-credit seems to have fared better than those who have no access to micro-credit. In other words, access to micro-credit has positive but not significant impact on poverty alleviation among the rural populace. The study recommends that government should intensify effort in its recent financial inclusion strategy to ensure that the rural populace has greater access to micro credits. Government should also ensure that interest rate on micro credits are affordable, the terms of the credits flexible and the conditions attached to the credit well liberalized

Keywords: Micro Credit, Poverty Alleviation, Rural Development, Rural Households

Microfinance and Its Impact on Poverty Alleviation in Nigeria: A Case Study of Some Selected Microfinance Banks in Edo State (Review Completed - Accepted)

This research examines the relationship microfinance and poverty alleviation in Nigeria, to understand the effectiveness of micro credit within the context of its current practice in Edo State in particular, and the nation as a whole as a tool for wealth creation and capital accumulation among the poverty stricken populace and low income earners. The study made use of primary data obtained through field survey from the selected microfinance banks in Edo State and utilized quantitative tools to analyze these data so as to bring out any existing relationship between microfinance and poverty alleviation. The results obtained showed that microfinance has the potential of alleviating poverty by ensuring wealth creation and its attendant self-sufficiency. From our result, about 70% of the sampled population agreed that there is a positive relationship between microfinance and improved standard of living of the recipients of these micro credits; 78% attested that they obtained some sort of credit from microfinance banks to set up their small scale businesses, without which it would be impossible to do so; about 67% said they have used loan collected to expand their business while 24% said they used the loan collected to invest on new technology for their business and the remaining 9% of the respondents obtained loans to facilitate the export of their products. Focus of microfinance programmes in poor communities for it to be meaningful; a massive educational drive on the importance of microfinance in fighting widespread poverty should be launched in the country; etc were some of the recommendations made in this study

Keywords: Capital Accumulation, Low Income Earners, Micro Credit, Microfinance, Poverty Alleviation, Wealth Creation