This document analyzes the impact of microfinance schemes on poverty reduction among women in Ghana. It discusses how microfinance institutions and NGOs in Ghana provide financial services like credit, savings, and insurance to help poor households start small businesses to improve their incomes and escape poverty. The study found that access to microfinance had a positive and significant impact on household income. It concluded that microfinance plays an important role in improving household incomes and remains a key part of development strategies by providing affordable financial services to rural populations. However, more innovative microfinance schemes are still needed that better support asset accumulation and wealth creation for clients.
The Case of Investing in Young People (English)Y-PEER Hacioglu
Nearly 1/3 of the world's population is young, with many living in poverty. While governments have committed to improving lives of youth, an assessment found that youth are often not meaningfully involved or prioritized in national poverty reduction strategies (PRS). Specifically, over 2/3 of PRS did not consult youth, only 43.9% identified them as a group in poverty, less than 1/3 had a youth focus in action plans, and close to 70% lacked youth budget allocations. While most PRS addressed education and employment for youth, fewer comprehensively covered their health, rights, and gender-specific issues. The report concludes there is an urgent need to better incorporate youth perspectives and priorities in future
1) Social safety nets aim to prevent the poor or vulnerable from falling below a certain poverty level through non-contributory transfer programs provided by governments and private organizations.
2) In India, public expenditure on social safety nets is around 1.8% of GDP, lower than in countries like Sri Lanka and China. Developing countries on average spend 1.6% of GDP on safety nets.
3) Major social protection programs in India include those aimed at improving living standards like education and housing programs, targeted social security programs for the very poor like pensions and employment guarantees, and social security for formal/informal sector workers.
Poverty alleviation among nigerian youths via entrepreneurial education iss...Alexander Decker
This document discusses poverty alleviation among Nigerian youths through entrepreneurial education. It outlines several key points:
1) Poverty in Nigeria is widespread and has negative social impacts, despite government programs to alleviate it. Unemployment and underemployment are especially acute among youth.
2) Entrepreneurship education was introduced in Nigerian universities to equip youth with skills to be self-employed and alleviate poverty. However, implementation faces issues like inadequate funding.
3) Proper entrepreneurial training through education can help develop innovative and ethical business skills in youth to start businesses and reduce unemployment that is a key driver of poverty.
Prospects and Problems of Non-Governmental Organizations in Poverty Alleviati...IJERDJOURNAL
ABSTRACT: The World Bank sponsored Millennium Development Goals (MDGs), launched in 1990 envisaged a world free of poverty by the year 2015. The North-East (where Gombe State is centrally located) is experiencing significantly higher poverty and lack of progress in poverty reduction efforts. With coming to end of 2015, much still need to be done to attain the MDGs. With over 62.6% Nigerian population still very poor, there is need for a continuous search for alternative planning & development options that would help ameliorate poverty and sustained our dream for a world free of poverty and wants. This study examines the prospects and investigates the constraints of Non-Governmental Organizations (NGOs) in poverty alleviation and community development. Literature review, questionnaire and interview methods were used for the study. The findings revealed that: finance, continuity of projects/programmes, conflicts and insecurity were the major problems confronting the NGOs. An interesting revelation is that majority of the respondents indicated that they wait for the NGOs or Government to initiate poverty alleviation programmes/projects. The implication is that the community dwellers need attitudinal change necessary for self reliance. The prospect of NGOs in poverty alleviation and community development in the study area is very bright due to rapid population growth & increasing poverty levels with the attendant positive effects on urban planning and regional development. The study recommends that NGOs should (1) form an association to enable them work together, and utilize social capital in their operation/services. (2) seek to explore avenues for funding from donor agencies. Finally, the Government needs to address some of its short comings.
Rural development in Nigeria: problems and prospects for sustainable developmenttheijes
The International Journal of Engineering & Science is aimed at providing a platform for researchers, engineers, scientists, or educators to publish their original research results, to exchange new ideas, to disseminate information in innovative designs, engineering experiences and technological skills. It is also the Journal's objective to promote engineering and technology education. All papers submitted to the Journal will be blind peer-reviewed. Only original articles will be published.
The papers for publication in The International Journal of Engineering& Science are selected through rigorous peer reviews to ensure originality, timeliness, relevance, and readability.
Theoretical work submitted to the Journal should be original in its motivation or modeling structure. Empirical analysis should be based on a theoretical framework and should be capable of replication. It is expected that all materials required for replication (including computer programs and data sets) should be available upon request to the authors.
The International Journal of Engineering & Science would take much care in making your article published without much delay with your kind cooperation
This document provides an evaluation of poverty alleviation programs in Talata Mafara Local Government, Nigeria. It discusses the concepts and causes of poverty in Nigeria. Several poverty alleviation programs implemented by the Nigerian government and donor agencies are described, including Operation Feed the Nation, the Agriculture Development Program, and programs run by the UNDP, DFID, and World Bank. The document outlines the objectives and research methodology, which included distributing questionnaires and interviews. Data collection aimed to assess the reach and impact of poverty alleviation programs on target groups, and whether they have been effective in reducing poverty levels in rural and urban areas.
This document provides an evaluation of poverty alleviation programs in Talata Mafara Local Government, Nigeria. It discusses the concepts and causes of poverty in Nigeria. Several poverty alleviation programs implemented by the Nigerian government and donor agencies are described, including Operation Feed the Nation, the Agriculture Development Program, and programs run by the UNDP, DFID, and World Bank. The document outlines the objectives and research methodology, which included distributing questionnaires and interviews. Data collection aimed to assess the reach and impact of poverty alleviation programs on target groups, and whether they have been effective in reducing poverty levels in rural and urban areas.
This document discusses community-based health insurance (CBHI) in Nigeria, including its prospects and challenges. CBHI is advocated as a strategy to achieve universal health coverage, though uptake in Nigeria remains poor. The document examines different types of CBHI schemes, including those initiated by communities, healthcare providers, and governments. It notes that while CBHI could help reduce out-of-pocket costs that deter healthcare access, many schemes fail due to lack of sufficient contributions to maintain themselves financially. Government support may be needed for CBHI to be sustainable and benefit more Nigerians.
The Case of Investing in Young People (English)Y-PEER Hacioglu
Nearly 1/3 of the world's population is young, with many living in poverty. While governments have committed to improving lives of youth, an assessment found that youth are often not meaningfully involved or prioritized in national poverty reduction strategies (PRS). Specifically, over 2/3 of PRS did not consult youth, only 43.9% identified them as a group in poverty, less than 1/3 had a youth focus in action plans, and close to 70% lacked youth budget allocations. While most PRS addressed education and employment for youth, fewer comprehensively covered their health, rights, and gender-specific issues. The report concludes there is an urgent need to better incorporate youth perspectives and priorities in future
1) Social safety nets aim to prevent the poor or vulnerable from falling below a certain poverty level through non-contributory transfer programs provided by governments and private organizations.
2) In India, public expenditure on social safety nets is around 1.8% of GDP, lower than in countries like Sri Lanka and China. Developing countries on average spend 1.6% of GDP on safety nets.
3) Major social protection programs in India include those aimed at improving living standards like education and housing programs, targeted social security programs for the very poor like pensions and employment guarantees, and social security for formal/informal sector workers.
Poverty alleviation among nigerian youths via entrepreneurial education iss...Alexander Decker
This document discusses poverty alleviation among Nigerian youths through entrepreneurial education. It outlines several key points:
1) Poverty in Nigeria is widespread and has negative social impacts, despite government programs to alleviate it. Unemployment and underemployment are especially acute among youth.
2) Entrepreneurship education was introduced in Nigerian universities to equip youth with skills to be self-employed and alleviate poverty. However, implementation faces issues like inadequate funding.
3) Proper entrepreneurial training through education can help develop innovative and ethical business skills in youth to start businesses and reduce unemployment that is a key driver of poverty.
Prospects and Problems of Non-Governmental Organizations in Poverty Alleviati...IJERDJOURNAL
ABSTRACT: The World Bank sponsored Millennium Development Goals (MDGs), launched in 1990 envisaged a world free of poverty by the year 2015. The North-East (where Gombe State is centrally located) is experiencing significantly higher poverty and lack of progress in poverty reduction efforts. With coming to end of 2015, much still need to be done to attain the MDGs. With over 62.6% Nigerian population still very poor, there is need for a continuous search for alternative planning & development options that would help ameliorate poverty and sustained our dream for a world free of poverty and wants. This study examines the prospects and investigates the constraints of Non-Governmental Organizations (NGOs) in poverty alleviation and community development. Literature review, questionnaire and interview methods were used for the study. The findings revealed that: finance, continuity of projects/programmes, conflicts and insecurity were the major problems confronting the NGOs. An interesting revelation is that majority of the respondents indicated that they wait for the NGOs or Government to initiate poverty alleviation programmes/projects. The implication is that the community dwellers need attitudinal change necessary for self reliance. The prospect of NGOs in poverty alleviation and community development in the study area is very bright due to rapid population growth & increasing poverty levels with the attendant positive effects on urban planning and regional development. The study recommends that NGOs should (1) form an association to enable them work together, and utilize social capital in their operation/services. (2) seek to explore avenues for funding from donor agencies. Finally, the Government needs to address some of its short comings.
Rural development in Nigeria: problems and prospects for sustainable developmenttheijes
The International Journal of Engineering & Science is aimed at providing a platform for researchers, engineers, scientists, or educators to publish their original research results, to exchange new ideas, to disseminate information in innovative designs, engineering experiences and technological skills. It is also the Journal's objective to promote engineering and technology education. All papers submitted to the Journal will be blind peer-reviewed. Only original articles will be published.
The papers for publication in The International Journal of Engineering& Science are selected through rigorous peer reviews to ensure originality, timeliness, relevance, and readability.
Theoretical work submitted to the Journal should be original in its motivation or modeling structure. Empirical analysis should be based on a theoretical framework and should be capable of replication. It is expected that all materials required for replication (including computer programs and data sets) should be available upon request to the authors.
The International Journal of Engineering & Science would take much care in making your article published without much delay with your kind cooperation
This document provides an evaluation of poverty alleviation programs in Talata Mafara Local Government, Nigeria. It discusses the concepts and causes of poverty in Nigeria. Several poverty alleviation programs implemented by the Nigerian government and donor agencies are described, including Operation Feed the Nation, the Agriculture Development Program, and programs run by the UNDP, DFID, and World Bank. The document outlines the objectives and research methodology, which included distributing questionnaires and interviews. Data collection aimed to assess the reach and impact of poverty alleviation programs on target groups, and whether they have been effective in reducing poverty levels in rural and urban areas.
This document provides an evaluation of poverty alleviation programs in Talata Mafara Local Government, Nigeria. It discusses the concepts and causes of poverty in Nigeria. Several poverty alleviation programs implemented by the Nigerian government and donor agencies are described, including Operation Feed the Nation, the Agriculture Development Program, and programs run by the UNDP, DFID, and World Bank. The document outlines the objectives and research methodology, which included distributing questionnaires and interviews. Data collection aimed to assess the reach and impact of poverty alleviation programs on target groups, and whether they have been effective in reducing poverty levels in rural and urban areas.
This document discusses community-based health insurance (CBHI) in Nigeria, including its prospects and challenges. CBHI is advocated as a strategy to achieve universal health coverage, though uptake in Nigeria remains poor. The document examines different types of CBHI schemes, including those initiated by communities, healthcare providers, and governments. It notes that while CBHI could help reduce out-of-pocket costs that deter healthcare access, many schemes fail due to lack of sufficient contributions to maintain themselves financially. Government support may be needed for CBHI to be sustainable and benefit more Nigerians.
- The document discusses Bhutan's national development planning, guided by its Gross National Happiness policy. It outlines key aspects of Bhutan's population, economy, poverty reduction efforts, governance, education, and health. It also summarizes an agriculture project funded by IFAD that aimed to improve livelihoods and reduce poverty in eastern Bhutan. The project helped increase production, income, and access to services but capacity for value addition and enterprise remains limited.
This document discusses the growth and impact of NGOs in Kenya. It notes that since 1990, over 8,500 organizations have registered as NGOs in Kenya. NGOs contribute over 80 billion Kenyan shillings annually to the economy and employ over 200,000 people. However, accurate data on NGO funding and activities is still limited due to low compliance with reporting requirements. The document examines trends in NGO funding sources, expenditures, collaborations, and training to provide insight into the scale and focus of the NGO sector in Kenya.
IFPRI Policy Seminar presentation on Inclusive Growth and Policy Relevance for Asia and the Pacific by Asian Development Bank VP Dr. Ursula Schaefer-Preuss. Remarks delivered at IFPRI on 28 September 2010.
The Integrated Rural Development Programme (IRDP) was the major self-employment scheme in India from 1980-1999, aiming to generate sustainable incomes for rural poor families and help them cross the poverty line. However, numerous studies found conceptual and implementation problems with IRDP, including a lack of coordination between programs, low and insufficient investment per family, and poor targeting that allowed non-poor families to participate. As a result, many IRDP beneficiaries failed to retain assets or generate enough income to escape poverty. The document discusses reforms needed to poverty alleviation programs like IRDP to make them more effective.
The document summarizes key points from a discussion on social protection in India. It identifies several challenges: 1) social protection schemes are complex and difficult for the poor to access; 2) public health expenditure is low; and 3) migrant populations lack rights. It recommends: 1) increasing political will for gender-sensitive policies; 2) raising health spending; 3) simplifying schemes; and 4) recognizing women's dual roles and migrants' rights. Advanced technology, decentralization, and convergence of related schemes could also help strengthen social protection.
Unpaid care work disproportionately burdens women around the world, limiting their economic participation. This document outlines policy recommendations to address this issue from an OECD report. It recommends (1) designing development programs and policies that target reducing and redistributing unpaid care work; (2) increasing awareness and advocacy around recognizing unpaid care responsibilities; and (3) developing social protections like cash transfers and pensions that support caregivers without exacerbating gender roles. Monitoring impacts and engaging diverse stakeholders can help ensure policies effectively support both caregivers and care receivers.
Loan provision by micro financing institutions for poverty reduction and its ...Alexander Decker
This document summarizes a research paper that assesses the linkages between microfinance loan provision and local economic development strategies in Ethiopia. It finds that while microfinance institutions have expanded access to credit for the poor, there is little coordination between their loan programs and local economic priorities. The paper reviews theories on the role of microfinance in poverty reduction and definitions of local economic development. It finds that microfinance has had mixed results in reducing poverty and needs to be better aligned with local conditions. The researcher concludes there is a lack of synergy between microfinance institutions, small businesses, and local development plans in Ethiopia, and recommends stakeholders strengthen these linkages to better achieve poverty reduction goals.
Promoting Multi Stakeholder Process in Local Economic Governance and Develop...Dr. Astia Dendi
This document discusses the concept and prospects of multi-stakeholder forums as a local governance instrument to pursue pro-poor local economic development in Nusa Tenggara Barat, Indonesia. It examines how the forums evolved in the region, defined priorities for collaborative actions, and played a role in making local governance and markets work for the poor. The study found that the multi-stakeholder forums in Nusa Tenggara Barat were a prospective model for pursuing pro-poor objectives. It also identified factors critical to sustaining the forums, such as political will and capacity building.
The document discusses plans for a 2014 UN World Youth Conference in Sri Lanka to strengthen the role of youth in development and decision-making regarding the post-2015 development agenda. It proposes a three-phase process: 1) 2012-2013 youth-centered preparatory processes to contribute to shaping the post-2015 goals; 2) the 2014 World Youth Conference to reflect on experiences and strengthen youth partnership; and 3) a post-2015 youth-centered follow-up process to support youth as partners in implementing new development goals. Sri Lanka commits to organizing and funding the conference and preparatory/follow-up processes, and invites UN member states and organizations to partner in making the conference a meaningful youth-centered experience.
POVERTY REDUCTION IN Pakistan: Learning from the experience of ChinaSHABBIR AHMAD
This document discusses learning from China's experience in reducing poverty in Pakistan. It provides background on poverty in China and Pakistan. China successfully reduced poverty from 88% in 1981 to 6.5% in 2012 through various strategies, including economic reforms, infrastructure development, industrialization, and accountability. For Pakistan to learn from China's success, some key strategies are proposed: implementing targeted conditional cash transfers instead of unconditional ones; creating targeted employment programs; enacting health reforms like low-cost insurance; and establishing an effective institutional framework for implementing social programs. Overall, the document argues that China's approach to poverty reduction serves as a good model for Pakistan to follow.
1) Poverty remains a major global problem, with half of the Philippines' population of over 100 million living below the poverty line.
2) Political parties from Asia and other regions gathered in China to discuss poverty alleviation, and learned from China's success in lifting over 240 million people out of poverty through government investment and programs.
3) The document proposes that the Philippine political party PDP Laban take a leading role in poverty alleviation efforts, including supporting funds for microfinance and anti-poverty programs, debt restructuring, and leveraging technology and education to empower youth and promote development.
This document analyzes recent efforts in the Philippines to harness information and communication technologies (ICT) to promote development and break an alleged "antidevelopment cycle." It provides an overview of the country's socioeconomic development strategies since 1986 and how ICT has been incorporated. National ICT plans from that period are examined, as are selected public sector ICT initiatives and the role of the private sector. While ICT adoption is growing, realizing its full potential remains challenging. The document argues that fully leveraging ICT for transformation will be key to the Philippines achieving genuine and sustainable development.
The document summarizes key points from a World Bank policy research report on the twin goals of ending extreme poverty by 2030 and boosting shared prosperity. It finds that business as usual will not achieve ending poverty, and growth alone must be inclusive to benefit the poorest 40% in each country. It also notes challenges like climate change that could hamper progress, and limitations in measurement due to data availability and quality.
Natalia Winder Rossi's (FAO) presentation for IFPRI's policy seminar "Boosting Growth to End Hunger by 2025 in Africa: The Role of Social Protection" held on 2 May 2019 in Washington DC.
The document summarizes recommendations from an online meeting organized by the Sustainable Development Policy Institute on combating COVID-19 in Pakistan. Key recommendations included: 1) political parties need unity and federal/provincial coordination; 2) priorities should be saving lives over the economy; 3) a communication strategy is needed using media in local languages to raise awareness; and 4) measures like social distancing, screening, and preparing volunteers are necessary to contain the virus's spread.
Even It Up - Time to End Extreme Inequality: Comments by Dean JolliffeWB_Research
Comments prepared for launch event of “Even it Up: Time to End Extreme Poverty”
IMF, October 31, 2014.
The views represented in these comments are those of the author and do not necessarily reflect the views of the World Bank.
This document discusses major problems facing the economy of Bangladesh, identifying 5 key barriers: population, natural calamities/environmental issues, political instability, inequality, and corruption. It focuses on population and natural disasters, explaining how overpopulation strains resources and how floods, cyclones and other natural disasters damage infrastructure and agriculture. To address these issues, it recommends increasing education to reduce population growth, promoting family planning, developing flood protections like dams, and addressing global warming and environmental degradation.
This document presents South Africa's National Youth Policy for 2015-2020. It aims to create an environment that enables young people to reach their potential by identifying interventions that will help address challenges like unemployment, skills shortages, lack of youth programs and health issues. The policy builds on the previous 2009-2014 youth policy and seeks to improve coordination between government departments to better support South Africa's youth population in participating in the economy and society.
This document discusses gender responsive budgeting (GRB) and food security in India. It provides context on the number of people affected by hunger and malnutrition in India, disproportionately impacting women and girls. It then discusses two focus areas for applying GRB to food security - transforming the public distribution system (PDS) and addressing hidden hunger through food fortification. Key challenges are outlined, such as ensuring vulnerable groups have access to PDS, monitoring fortification compliance, and building awareness and capacity around fortification programs.
This document summarizes recommendations from a policy report on breaking the cycle of poverty in young families through two-generation strategies. The two-generation approach aims to meet the needs of both parents and children simultaneously by providing services like education, workforce training, childcare and development. The report calls for policy changes at the federal, state and local levels as well as for organizations. Recommended federal policies include redefining poverty levels, increasing minimum wage and funding for existing programs. State/local policies should support blended funding and workforce development. Organizations need help with grants, data collection and collaboration. The overall goal is to provide comprehensive support for young parents and children's economic mobility.
An assessment of national poverty eradication programme on wealth creation in...Alexander Decker
This document summarizes a study that assessed the impact of Nigeria's National Poverty Eradication Programme (NAPEP) on wealth creation in Benue State. The study found that NAPEP's strategies have not significantly improved beneficiaries' lives. While some received skills training, few received follow-up loans or credits to start businesses. As a result, most beneficiaries reported that NAPEP had no real impact in reducing their poverty. The study concludes that poverty reduction strategies in Nigeria have generally failed due to problems like corruption, poor funding, weak monitoring and lack of stakeholder involvement in policymaking.
- The document discusses Bhutan's national development planning, guided by its Gross National Happiness policy. It outlines key aspects of Bhutan's population, economy, poverty reduction efforts, governance, education, and health. It also summarizes an agriculture project funded by IFAD that aimed to improve livelihoods and reduce poverty in eastern Bhutan. The project helped increase production, income, and access to services but capacity for value addition and enterprise remains limited.
This document discusses the growth and impact of NGOs in Kenya. It notes that since 1990, over 8,500 organizations have registered as NGOs in Kenya. NGOs contribute over 80 billion Kenyan shillings annually to the economy and employ over 200,000 people. However, accurate data on NGO funding and activities is still limited due to low compliance with reporting requirements. The document examines trends in NGO funding sources, expenditures, collaborations, and training to provide insight into the scale and focus of the NGO sector in Kenya.
IFPRI Policy Seminar presentation on Inclusive Growth and Policy Relevance for Asia and the Pacific by Asian Development Bank VP Dr. Ursula Schaefer-Preuss. Remarks delivered at IFPRI on 28 September 2010.
The Integrated Rural Development Programme (IRDP) was the major self-employment scheme in India from 1980-1999, aiming to generate sustainable incomes for rural poor families and help them cross the poverty line. However, numerous studies found conceptual and implementation problems with IRDP, including a lack of coordination between programs, low and insufficient investment per family, and poor targeting that allowed non-poor families to participate. As a result, many IRDP beneficiaries failed to retain assets or generate enough income to escape poverty. The document discusses reforms needed to poverty alleviation programs like IRDP to make them more effective.
The document summarizes key points from a discussion on social protection in India. It identifies several challenges: 1) social protection schemes are complex and difficult for the poor to access; 2) public health expenditure is low; and 3) migrant populations lack rights. It recommends: 1) increasing political will for gender-sensitive policies; 2) raising health spending; 3) simplifying schemes; and 4) recognizing women's dual roles and migrants' rights. Advanced technology, decentralization, and convergence of related schemes could also help strengthen social protection.
Unpaid care work disproportionately burdens women around the world, limiting their economic participation. This document outlines policy recommendations to address this issue from an OECD report. It recommends (1) designing development programs and policies that target reducing and redistributing unpaid care work; (2) increasing awareness and advocacy around recognizing unpaid care responsibilities; and (3) developing social protections like cash transfers and pensions that support caregivers without exacerbating gender roles. Monitoring impacts and engaging diverse stakeholders can help ensure policies effectively support both caregivers and care receivers.
Loan provision by micro financing institutions for poverty reduction and its ...Alexander Decker
This document summarizes a research paper that assesses the linkages between microfinance loan provision and local economic development strategies in Ethiopia. It finds that while microfinance institutions have expanded access to credit for the poor, there is little coordination between their loan programs and local economic priorities. The paper reviews theories on the role of microfinance in poverty reduction and definitions of local economic development. It finds that microfinance has had mixed results in reducing poverty and needs to be better aligned with local conditions. The researcher concludes there is a lack of synergy between microfinance institutions, small businesses, and local development plans in Ethiopia, and recommends stakeholders strengthen these linkages to better achieve poverty reduction goals.
Promoting Multi Stakeholder Process in Local Economic Governance and Develop...Dr. Astia Dendi
This document discusses the concept and prospects of multi-stakeholder forums as a local governance instrument to pursue pro-poor local economic development in Nusa Tenggara Barat, Indonesia. It examines how the forums evolved in the region, defined priorities for collaborative actions, and played a role in making local governance and markets work for the poor. The study found that the multi-stakeholder forums in Nusa Tenggara Barat were a prospective model for pursuing pro-poor objectives. It also identified factors critical to sustaining the forums, such as political will and capacity building.
The document discusses plans for a 2014 UN World Youth Conference in Sri Lanka to strengthen the role of youth in development and decision-making regarding the post-2015 development agenda. It proposes a three-phase process: 1) 2012-2013 youth-centered preparatory processes to contribute to shaping the post-2015 goals; 2) the 2014 World Youth Conference to reflect on experiences and strengthen youth partnership; and 3) a post-2015 youth-centered follow-up process to support youth as partners in implementing new development goals. Sri Lanka commits to organizing and funding the conference and preparatory/follow-up processes, and invites UN member states and organizations to partner in making the conference a meaningful youth-centered experience.
POVERTY REDUCTION IN Pakistan: Learning from the experience of ChinaSHABBIR AHMAD
This document discusses learning from China's experience in reducing poverty in Pakistan. It provides background on poverty in China and Pakistan. China successfully reduced poverty from 88% in 1981 to 6.5% in 2012 through various strategies, including economic reforms, infrastructure development, industrialization, and accountability. For Pakistan to learn from China's success, some key strategies are proposed: implementing targeted conditional cash transfers instead of unconditional ones; creating targeted employment programs; enacting health reforms like low-cost insurance; and establishing an effective institutional framework for implementing social programs. Overall, the document argues that China's approach to poverty reduction serves as a good model for Pakistan to follow.
1) Poverty remains a major global problem, with half of the Philippines' population of over 100 million living below the poverty line.
2) Political parties from Asia and other regions gathered in China to discuss poverty alleviation, and learned from China's success in lifting over 240 million people out of poverty through government investment and programs.
3) The document proposes that the Philippine political party PDP Laban take a leading role in poverty alleviation efforts, including supporting funds for microfinance and anti-poverty programs, debt restructuring, and leveraging technology and education to empower youth and promote development.
This document analyzes recent efforts in the Philippines to harness information and communication technologies (ICT) to promote development and break an alleged "antidevelopment cycle." It provides an overview of the country's socioeconomic development strategies since 1986 and how ICT has been incorporated. National ICT plans from that period are examined, as are selected public sector ICT initiatives and the role of the private sector. While ICT adoption is growing, realizing its full potential remains challenging. The document argues that fully leveraging ICT for transformation will be key to the Philippines achieving genuine and sustainable development.
The document summarizes key points from a World Bank policy research report on the twin goals of ending extreme poverty by 2030 and boosting shared prosperity. It finds that business as usual will not achieve ending poverty, and growth alone must be inclusive to benefit the poorest 40% in each country. It also notes challenges like climate change that could hamper progress, and limitations in measurement due to data availability and quality.
Natalia Winder Rossi's (FAO) presentation for IFPRI's policy seminar "Boosting Growth to End Hunger by 2025 in Africa: The Role of Social Protection" held on 2 May 2019 in Washington DC.
The document summarizes recommendations from an online meeting organized by the Sustainable Development Policy Institute on combating COVID-19 in Pakistan. Key recommendations included: 1) political parties need unity and federal/provincial coordination; 2) priorities should be saving lives over the economy; 3) a communication strategy is needed using media in local languages to raise awareness; and 4) measures like social distancing, screening, and preparing volunteers are necessary to contain the virus's spread.
Even It Up - Time to End Extreme Inequality: Comments by Dean JolliffeWB_Research
Comments prepared for launch event of “Even it Up: Time to End Extreme Poverty”
IMF, October 31, 2014.
The views represented in these comments are those of the author and do not necessarily reflect the views of the World Bank.
This document discusses major problems facing the economy of Bangladesh, identifying 5 key barriers: population, natural calamities/environmental issues, political instability, inequality, and corruption. It focuses on population and natural disasters, explaining how overpopulation strains resources and how floods, cyclones and other natural disasters damage infrastructure and agriculture. To address these issues, it recommends increasing education to reduce population growth, promoting family planning, developing flood protections like dams, and addressing global warming and environmental degradation.
This document presents South Africa's National Youth Policy for 2015-2020. It aims to create an environment that enables young people to reach their potential by identifying interventions that will help address challenges like unemployment, skills shortages, lack of youth programs and health issues. The policy builds on the previous 2009-2014 youth policy and seeks to improve coordination between government departments to better support South Africa's youth population in participating in the economy and society.
This document discusses gender responsive budgeting (GRB) and food security in India. It provides context on the number of people affected by hunger and malnutrition in India, disproportionately impacting women and girls. It then discusses two focus areas for applying GRB to food security - transforming the public distribution system (PDS) and addressing hidden hunger through food fortification. Key challenges are outlined, such as ensuring vulnerable groups have access to PDS, monitoring fortification compliance, and building awareness and capacity around fortification programs.
This document summarizes recommendations from a policy report on breaking the cycle of poverty in young families through two-generation strategies. The two-generation approach aims to meet the needs of both parents and children simultaneously by providing services like education, workforce training, childcare and development. The report calls for policy changes at the federal, state and local levels as well as for organizations. Recommended federal policies include redefining poverty levels, increasing minimum wage and funding for existing programs. State/local policies should support blended funding and workforce development. Organizations need help with grants, data collection and collaboration. The overall goal is to provide comprehensive support for young parents and children's economic mobility.
An assessment of national poverty eradication programme on wealth creation in...Alexander Decker
This document summarizes a study that assessed the impact of Nigeria's National Poverty Eradication Programme (NAPEP) on wealth creation in Benue State. The study found that NAPEP's strategies have not significantly improved beneficiaries' lives. While some received skills training, few received follow-up loans or credits to start businesses. As a result, most beneficiaries reported that NAPEP had no real impact in reducing their poverty. The study concludes that poverty reduction strategies in Nigeria have generally failed due to problems like corruption, poor funding, weak monitoring and lack of stakeholder involvement in policymaking.
An evaluation of microfinance services on poverty alleviation in kisii county...Alexander Decker
This document summarizes a research study on the impact of microfinance services on poverty alleviation in Kisii County, Kenya. The study found that the four variables considered (credit facilities, personal savings, training services, and insurance) explained the effects of microfinance institutions on poverty alleviation in the county. Credit facilities had the highest impact, followed by personal savings, training services, and insurance. The study recommends empowering microfinance institutions in the county by providing finances for loans to residents and undertaking regular training on financial management to build capacity. While microfinance has helped many, some question whether it has proven effective at reducing poverty levels due to a lack of data.
Effect of cooperative societies on poverty alleviation among rural farm house...ResearchWap
Cooperative societies have the potential to alleviate poverty among rural farm households in Yewa Division of Ogun State, Nigeria. The document discusses how poverty is a major problem in Nigeria, especially affecting rural areas where access to services, education, and jobs is limited. Cooperative societies could help address this by providing opportunities for employment, income generation, and access to resources through group-based ownership and management. The study aims to understand the socioeconomic characteristics of respondents, examine the levels of poverty, determine poverty's causes, analyze how cooperative membership influences poverty status, and identify constraints cooperatives face in reducing poverty. It seeks to demonstrate how cooperatives can further help policymakers reduce rural poverty through self-employment and collective action models.
Poverty implicates a condition where people are unable to afford the minimal standards of food, clothing, healthcare, education, and also not capable to continue traditions that are important to them. Poverty reduction strategies now receive high attention across the world because of the negative impact on the individual and national prosperity. The average poverty rate of about 68.40 percent is a clear indication that a majority of Nigerian citizens sleep below the poverty line despite the presence of poverty reduction programmes. The exploratory research method was deployed for the study in an attempt to explore the impact of NEEDS as a poverty reduction strategy in Nigeria. Through statistical analysis, it was found that NEEDS has not made significant positive impact on poverty reduction in Nigeria.
Influence of micro finance and small loan centre (masloc) on the development ...Alexander Decker
The document discusses a study on the influence of the Microfinance and Small Loans Centre (MASLOC) on small and medium enterprises in Wa Municipality, Ghana. It finds that loans from MASLOC have helped most beneficiaries expand their businesses, increase profits, support their families, and improve their livelihoods and social lives. However, about 60% of beneficiaries are defaulting on loans despite business progress, making it difficult for others to access loans. The study also finds that MASLOC lacks sufficient human and material resources to operate effectively. It concludes with recommendations to improve MASLOC's activities.
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An assesesment of the impact of microfinance schemes on poverty reduction among women in ghana
1. Journal of Economics and Sustainable Development www.iiste.org
ISSN 2222-1700 (Paper) ISSN 2222-2855 (Online)
Vol.4, No.10, 2013
105
An Assesesment of the Impact of Microfinance Schemes on
Poverty Reduction among Women in Ghana
1
Joseph Kofi Nkuah, 2
Abubakari Abdallah Baba and 1
John Paul Tanyeh
1
School of Business and Law, University for Development Studies, WA, Ghana
Tel 0201419272/0244684974,
*Email: vaticanagroventures@yahoo.com
2
Department of Mathematics and Information, Communication and Technology, Tamale College of Education,
Tamale, Ghana
Abstract
Microfinance schemes which provide financial services such as (micro) credit, insurance and savings to the poor
have become popular tools in the fight against poverty in Ghana. The popular assumption is that enabling poor
households with access to credit helps households begin small and medium scale business which would enable
them improve their incomes and eventually escape poverty. The main objective of this research was to analyze
microfinance schemes on household income as well as measure household vulnerability to poverty after access
to microfinance. The study used qualitative and quantitative research methods and approaches in the collection
and analysing data. The results indicate a positive and significant impact of microfinance on household income.
The research therefore argues that there is a role played by microfinance institutions on the improvement of
household incomes. The research also reasserts that providing affordable financial services to the rural
population still remains to be an important component of development strategy. On the other hand the research
emphasizes that there is need to come up with innovative microfinance schemes that are supportive of their own
role in assets accumulation and wealth creation for their clients. This will involve innovative targeting of
potential clients, as well as streamlined microfinance regulations to protect their clients.
Key Words: Microfinance, Poverty, Financial products and services, Development Strategy
1.1 Introduction
The Government of Ghana since independence in 1957 has undertaken several development interventions aimed
at addressing poverty among the citizenry. Some gains have been made in this regard, but a lot more still needs
to be done to achieve this goal. To reduce poverty, access to financial services is vital for the development of the
private and informal sectors of the national economy that hardly meets the requirements of mainstream financial
services. For the past three decades (1980-2008), Ghana has adopted various policies towards poverty reduction
among its citizenry. These policies can generally be put into three broad strategies;
• Policies to encourage higher economic growth and employment;
• Policies to encourage higher investment in physical and social infrastructure such as roads, water supply,
sanitation, health and education, especially in poor and rural areas;
• Programmes such as the National Youth Employment programme(NYEP) and the women’s
Development Fund (WDF) which have a target of promoting employment and income generating
activities among the poor who may otherwise be left out of the development process (Adjei, 2010. p6).
Whilst microfinance focuses on the third category, it should be noted that sustainable poverty reduction
is unlikely to be achieved in the absence of effective policies to promote economic growth and human
development, which makes up the first two categories.
In Ghana, both Microcredit Institutions and Non-Government organizations (NGOs) have been contributing to
break the cycle of poverty (Chirwa, 2002). One of the main features of both microcredit institutions and NGOs
has been the overwhelming representation of women especially in Ghana where the traditional social structure,
discriminates against women (Swain, 2006). Evidence from literature defines women’s empowerment as “the
capacity of women to become economically self-reliant with control over decisions affecting their lives and
freedom from violence (Zeller et al., 2001). Empowerment is about changes in favour of those who previously
exercised little control over their lives”.
The Northern Region is one of the three poorest regions of Ghana. In the Northern Region, among every ten
people, seven are poor (NDPC, 2005). In addition, gender disparity exists with respect to control and use of a
range of resources such as land, credit and labour. The system of inheritance in the northern region is patrilineal
hence all such resources are owned by men. Women are usually excluded from decision making processes which
sometimes even directly affect their lifestyles. This has the potential of affecting women’s start-up capital
formation and consequently, women’s livelihood, control of their lives and contribution to decision making in
the family, community and national life is negatively affected.
In an attempt to address this, the Northern Region has experienced and is still experiencing an influx of
2. Journal of Economics and Sustainable Development www.iiste.org
ISSN 2222-1700 (Paper) ISSN 2222-2855 (Online)
Vol.4, No.10, 2013
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microfinance institutions (“micro-credit” institutions as indicated in Schindler 2010, 244) and non-governmental
organisations (NGOs). Their microfinance schemes range from credit, savings, skills training or capacity
building programs. However, most beneficiaries of microfinance schemes, especially, women in the Northern
Region are yet to experience poverty reduction and empowerment in order to become equal members of their
families as well as part of mainstream community and national life.
THEORITICAL ISSUES
Microfinance and Poverty Reduction in Ghana
With almost thirty per cent of the country’s population living in poverty, the Government of Ghana clearly faces
an enormous challenge to reduce poverty especially in the three northern savannah regions where there is the
greatest concentration of poor people. To achieve rapid and sustainable reduction in poverty, it is necessary to
have an integrated policy strategy with the various elements of the strategy reinforcing each other (Adjei, 2010).
The World Bank (2006) found that poverty can be reduced most effectively by a strategy with two equal
important elements. The first element is to promote the productive use of the most abundant assets of the poor
which is seen as labour. Policies must also target the promotion of infrastructure development and encourage
income generation activities for the poor. The second element is to provide basic social service to the poor. The
World Bank found that primary health care, family planning, nutrition and primary education are especially
important in this regard.
These two elements are mutually reinforcing, in the sense that an increase in the productivity and income of the
poor will make it easier for them to access social service such as health care and education, while an
improvement in their health and education, through the establishment of targeted policies, will enable the poor to
work more productively. It can therefore be said that a country that tend to implement both parts of the above
strategy will be more successful in their effort to reduce poverty. Hence, if a country is able to implement and
maintain any one of the two policies, its effort at poverty reduction will not be as successful as those that have
implemented both elements effectively.
Ghana which has implemented mainly the latter of the above elements for instance has been successful in
maintaining microeconomic stabilization with a consistent growth in its gross domestic product over the past five
years, of which the highest figure of 7.3 per cent was recorded in 2008 (Adjei, 2010). There has also been an
increase in financial sector lending to the private sector which is in contrast to the situation in the 1990s when
public sector borrowing tended to crowd out the latter with its attendant high interest rates, of about 48 percent
per annum, on treasury bills and consequently on borrowing. In addition, the country’s currency has been
relatively stable in relation to the United States Dollar and other major currencies.
The government has been involved in the extension of basic social service to the poor which forms part of the
second element. This has contributed to improvement in their performance in terms of human development, with
indicators such as life expectancy at birth, infant mortality and adult literacy being much better than in some
countries in the sub- region. On the other hand, Ghana has been less successful in creating opportunities for the
poor in employment and income generating activities. Even though poverty levels have generally reduced over
the past decades, as reported in the Ghana living Standard Survey (GLSS) of 2005/06 there is still evidence that
progress in reducing poverty could have been faster with greater emphasis on measures to enhance opportunities
for employment and income generation for the poor.
In most developing countries including Ghana, opportunities for wage employment in the formal sector of the
economy are extremely limited, and the vast majority of the poor rely on self- employment for their livelihood.
According to the World Bank (2000), micro, small and medium size enterprises together account for 66 per cent
of total employment in Ghana. Better access to financial services enables the poor to establish and expand micro
enterprises and thereby improve their income levels and create employment. Even in middle income countries
such as Botswana and Egypt, where opportunities for wage employment are greater, many poor households rely
on self- employment in micro enterprises for their livelihood.
Poverty Reduction, the Role of Microfinance
According to the World Development Report (2000/2001), access to financial markets is important for poor
people. Low income household and micro- enterprises can benefit from credit, savings and insurance service.
These services help the poor to manage risk in the face of sharp fluctuations in agriculture yields and prices,
economic shocks and even natural disasters. Savings and Credit facilities can help to make larger investment
more affordable, and so allow people to take advantage of profitable business opportunities and increase their
earnings potential (World Bank, 2008).
Murduch and Hashemi (2003) argues that the two predominant poverty reduction strategies carried out by most
microfinance institutions are social intermediation and financial intermediation. Instead of a minimalist approach,
some microfinance institutions adopt an integrated approach which ensures that a holistic view of the client is
taken into consideration (Ledgerwood, 2007). Such institutions provide a combination of financial and social
3. Journal of Economics and Sustainable Development www.iiste.org
ISSN 2222-1700 (Paper) ISSN 2222-2855 (Online)
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intermediation, enterprise development and social services. Social intermediation involves organizing groups of
poor people in order to offer services such as human and skills development training, healthcare, safe-drinking
water and sanitation. Financial intermediation on the other hand primarily constitutes group formation for
savings mobilization, and the subsequent provision of credit, insurance as well as money transfer and payment
services.
The Need for Microfinance
Conventionally, commercial banks often have little interest in offering microfinance services to poor people
since most of them have no collateral. Most poor people do not own any land and buildings, equipment and
machinery, or other assets. It therefore makes these poor people appear not to be fundamentally creditworthy. In
addition, the processing of mostly small amounts that are deposited or withdrawn by the poor often ties up
considerable (human) resources. These services are comparatively cost- intensive and are therefore perceived as
significantly less profitable than transactions with large and established corporate clients.
Evidence exists to show that the formal financial system rarely provides access to poor entrepreneurs in
developing countries. It is estimated that in most developing countries the formal financial system reaches at
most the top 25 percent of the economically active population, leaving the bottom 75 percent without access to
financial services apart from money lenders (Women’s World Banking, 2003). This is mainly because the
methodology used by commercial banks is usually in a cost effective manner. Until the advent of microfinance
programmes in Ghana, especially rural banks in the mid 90s, loans for micro – entrepreneurs were provided
primarily through government and donor – funded programmes including the use of development banks such as
the Agricultural Development Bank. These had relaxed collateral requirements but otherwise used commercial
banking methodologies in credit management. They generally charged subsidized interest rates. They also
suffered from politicization and crony lending which resulted in low repayment rates and high arrears. This
reflects a combination of high cost structures, low interest revenues as well as low repayment and subsidy
dependency.
In recent years, a wide range of efficient and professionally – run microfinance institutions providing financial
services at reasonable cost have become established in developing and transitional countries. Cooperatives, rural
and community banks, non- governmental organizations, savings and loans companies and other rural financial
institutions operating as microfinance institutions co- exist successfully. This co- existence ranges from small
village banks with less than a hundred clients to large microfinance institutions with country wide branch
networks. Some lend from funds mobilized through domestic savings and deposits, debt and equity while others
use funds from the international social and philanthropic appropriate mechanisms by financial institutions and
not perceived merely as a tool for the disbursement of funds which have been mobilized from external sources.
Furthermore, the distinction between what is still ‘just’ a microfinance institution and what is a ‘proper’ bank is
becoming increasingly blurred.
In recent times, microfinance institutions have moved from the margins of the financial system towards the
mainstream. It is now widely accepted that populations traditionally excluded by the formal financial sector can,
in fact, be a profitable market niche for innovative banking services. Microfinance has continued to become
increasingly preferred by most poor people. The 1997 Micro – credit Summit, launched a global movement to
reach 100 million of the world’s poorest families with the aim of offering credit for self- employment and other
financial and business services by the year 2005. In Ghana, microfinance can be seen as one of the key driving
factors for the reduction of poverty under the Ghana Poverty Reduction Strategy and the Growth and Poverty
Reduction Strategy.
Theoretical Framework
Gender relations are said to be “multidimensional and complex” in almost all societies (Boulding 1989 in Wung
2003, 315). In order to understand these gender dynamics, the theory of empowerment and household analysis
would be useful in this case. According to Kabeer (2005, 13-14), “empowerment refers to the processes by
which those who have been denied the ability to make choices acquire such ability”. She argues that for an
intervention to engender change, it “...contributes to women’s sense of independence, rather than simply meeting
survival needs” (ibid, 15). Further, Kabeer (2005, 14-15) claims that empowerment can be examined through
three interrelated dimensions: “agency”, “resources”, and “achievement”. “Agency” entails a person’s ability to
make choices and being able to put them into action. Moreover, that “agency” is achievable through a medium
called “resources”. According to Kabeer the outcome of this agency is “achievements”.
In assessing the relationship between microfinance and empowerment in terms of outcomes Mayoux (2002, 3)
identifies three paradigms-the feminist empowerment paradigm, financial sustainability paradigm and poverty
alleviation paradigm. The feminist empowerment paradigm focuses on identifying opportunities, constraints and
bottlenecks a given “gender domain” (Connell 2009, 69) and using microfinance as a tool to challenge or
address unfair and discriminating gender socio-economic arrangements and practices (Mayoux, 2002. 3).
4. Journal of Economics and Sustainable Development www.iiste.org
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Vol.4, No.10, 2013
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However, the financial sustainability paradigm assumes that women’s access to microfinance schemes
automatically increases their economic power and well-being, which eventually leads to their social and
economic empowerment. At the institutional level, financial sustainability paradigm focuses on profitability and
self-sustainability. Finally, the poverty alleviation paradigm is interested in the provision of basic needs to the
poor and women through access to subsidised microfinance schemes. Interestingly, the poverty alleviation
paradigm sees the women empowerment as politically sensitive and western middle class feminist imposition on
Third World women, for that matter of little relevance (ibid, 5). These paradigms as identified by Mayoux would
help in assessing the goals and implementation strategies of the Borimanga Rural Bank in their delivery of
microfinance schemes to women in Savelugu.
From this backdrop, we are in better position to explore the effects of the schemes on households. Carsten (2004,
60) suggests that “when we think of gender relations, we necessarily consider what goes on in houses and what
anthropologists have often referred to as the “domestic sphere”. According to Nukunya (2003, 50), “a household
is a group of people who share the same housekeeping space and arrangements”. This kind of domestic
arrangement may involve more than one generation. They include wife, husband children, grand parents, in-laws,
among others. In the context of Ghana, Nukunya (2003, 46) suggests that the traditional position of women
(married or unmarried) is never wholly independent but subject to the influence of other household members.
Since access to microfinance relates to women’s productive labour, it is worth understanding household
economics, that is the range of “value-creating activities” among members of a household (Kabeer 1991, 43).
Kabeer (1999, 437) argues that; “access, ownership, and control of resources are enshrined in social and
institutional norms”. The principles governing the “production and exchange” of these resources are defined by
or through powerful individuals (ibid 437). This has the potential to generate “cooperation” and “conflict” in the
process (Sen in Kabeer 2004, 126). In the same vein, Kabeer (2004, 127) notes that “inter-independence” within
the household does not result in cooperation and conflict alone but involve the processes of bargaining and
negotiation. According to Kabeer (2004, 132), women’s decision-making power hinges on the cultural context
of social organisation of production and distribution, as well as their levels of participation in intra-household
and/or extra-household activities. These processes are largely informed by the ‘structures of risk faced by
different members should household cooperation break down’ (ibid 127). Kabeer (2004, 134), reminds us that
even though power play is always present in daily household interaction, power is most of the time concealed
making it quite difficult to isolate for exploration. It takes a critical qualitative study to find the gender power
politics in the household.
The use of empowerment theory and household analysis as theoretical frameworks for the study would be useful
in answering the following research questions: why is poverty still pervasive despite microfinance interventions?
What informs women’s participation in the microfinance programmes? Are there any challenges in the
implementation of microfinance schemes? What are the goals of the microfinance institutions in their service
delivery? What is the level of influence on women in household decision-making process?
THE RESEARCH APPROACH
The study used qualitative and quantitative research methods and approaches in the collection and analysing data
for a fair representation of the different background and roles of respondents.
The research design
The research problem, research questions and objectives form the premises of microfinance scheme and poverty
reduction among women. Literature review and the theoretical framework focused on conceptual explanations. It
also encompasses the research design, data analysis and collection conclusions and recommendations. Policy
challenges, development considerations and Theoretical relevance are highlighted and were informed by
literature on the roles of microfinance schemes and poverty reduction among women.
The design questioned and interviewed selected groups, and analyzed data to answer any question. Focus group
approach was used to select generational clusters of women in their weekly group meetings, as well as
Borimanga Rural Bank staff were also considered in this research. In-depth interviews were also carried out to
investigate the role of microfinance schemes and poverty reduction among women in Savelugu. Instruments such
as questionnaires, observations and interviews were used to collect data. The questionnaires were administered
to individuals whilst the interviews were conducted on the Borimanga Rural Bank. All these were analyzed by
the use of SPSS version 17. Observation was done on some women to find out if their lives were above the
poverty line in their areas as part of the data collection process. Data was also reviewed from books, articles, the
Internet and other relevant documents that have a link to poverty reduction.
Sample size and Sampling Procedure
The sample size was estimated to be 140 in total, of which 10 were drawn purposefully from a microfinance
institution (Borimanga Rural Bank), whilst the rest of the 130 were drawn out of 1050 from microfinance
beneficiary groups. The study area has many microfinance schemes available including Borimanga Rural Bank,
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Susu collectors, rotational group contributions as well as money lenders.
Ten (10) members from Borimanga Rural Bank were randomly sampled and interviewed. The interview was
based on key factors like; the role of Borimanga Rural Bank in poverty reduction among women in Savelugu.
The samples also indicated reliability, flexibility, efficiency and representation as agreed by Karma (1999).
There are some of the issues that informed the sample size:
• Cost/finance
• Population size
• The interest of the population
• Consanguinity of the population
The study purposively chose the head of operations of the microfinance unit of Borimanga Rural Bank who was
interviewed on the operations of the unit. The leadership of the women groups and other individuals who
mattered most were also contacted. Data was collected from secondary and primary sources (Interviews,
observation, questionnaires, documentary sources, journals, magazines, internets and other related literature)
Sources of data
Questionnaires, Interviews, Observation and Focus group discussions were used to obtain information from staff,
women and leaders of women groups to form part of the primary data. Documents such as books, journals,
magazines and the internet are sources of information and these were reviewed for this study as secondary data.
Both structured and unstructured forms of interview were used for the study. A Framework was also developed
to guide the interview process. This allowed respondents to express themselves freely. The structured interviews
were administered to those who could read and write whilst the unstructured interviews were administered to
those who could not read and write. The interviews were related to the roles of microfinance scheme in poverty
reduction among women. During the study, self – administered questionnaires were used to elicit information
from both literate and non – literate.
The researchers also observed the beneficiaries of microfinance schemes to ascertain the impact of microfinance
schemes in their lives. Women leaders, group members as well as the children and the families of the
beneficiaries were closely monitored during this study. Reconnaissance survey and an in-depth survey were used
in this study. The researcher introduced himself to the leadership of Borimanga Rural Bank, familiarized and had
linkages that built a relationship with women in the community.
RESULTS AND DISCUSSIONS
Marital Status of Respondents
Marriage is a necessary element in every society, and it has therefore become an increasingly important topic in
academic and policy research. A burgeoning literature suggests that marriage has a wide range of benefits,
including improvements in individuals’ economic well-being, mental and physical health, as well as the well-
being of their children (Lerman 2002; Ross et al. 1990; Waite and Gallagher 2000; Wilson and Oswald 2005;
cited in Wood, Goesling and Avellar, 2007). Therefore this study found it suitable to consider the marital status
of respondents to facilitate making better conclusions in relation to development in the community. The table
below indicates the marital status of the respondents.
Table 1: Marital Status of Respondents
From the table, 90 respondents were found to be married representing 69%. It was revealed that 34 of the
respondents were not married constituting 26.2%. The divorced were found to be 4 out of the total respondents
comprising 3.1% and widows were 2 forming 1.5%. The study indicates that married couples constituted the
majority, followed by the unmarried, divorced and widows. As a result of societies regard for marriage, majority
of people in the community entered into marriage to avoid being looked down upon. Since a majority of the
respondents are married it could be asserted that most of them engaged in micro finance because of the added
responsibilities they faces in their families. This they do to be able to support their families appropriately when
the need arises.
Educational Status of Respondents
Empowering women via education is part of the development drive to build societies grounded in democratic
and equitable values (COPE, 2010). In other words, education is the means to development in every nation. This
research work found it necessary to investigate the educational level of the respondents in the town. This enabled
the researcher to make informed judgments on the trend of development and the consequences. The table below
shows the educational status of the respondents in the town.
Table 2: Educational Status of Respondents
From the table above, 40 respondents have no formal education and this represents 30.8% of the respondents
followed by 33 respondents with primary education which represents 25.5% of the respondents. The third level
is those with JHS/Middle School Education. They are 27 which represents 20.8% of all the respondents. Those
who have Voc/Tech education are 14 and they represent 10.8% of the respondents. Ten (10) respondents
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representing 7.7% of the respondents have SHS education and six (6) respondents representing 4.6% of the
respondents have tertiary education.
The data in Table 2 above indicate that there is high rate of illiteracy among women in the town. The data further
indicate that majority of people drop out of school. This is probably due to the early marriages among girls,
especially the Muslim girls. It could also be deduced that most of those that are educated are formally employed
and are paid substantial amounts hence have very little use of micro finance schemes. Whilst those that are
illiterates engage in such jobs as petty trading and in cottage industries and would rather use all forms of micro
finance to grow their business. Also, people that are educated are more likely to invest in businesses that are
large than those that are not and the large number of illiterates in the study area could as a result lead to high
percentage of them being below the poverty line.
How Micro Credit Facilities are used by Women, as A Result of Family Pressure
The Microfinance Unit of Borimanga Rural Bank have programmes and policies to ensure financial accessibility
to poor people and low income household in the form of micro credit, savings and insurance services. These
services help the poor to manage risk in the face of sharp fluctuations in agriculture yields and prices, economic
shocks and, even natural disasters. Savings and credit facilities provided by this Bank have helped the poor
within Savelugu to make larger investments and also allow people to take advantage of profitable business
opportunities and increase their earnings potential.
The survey was conducted to find out if the Microfinance Unit of the Borimanga Rural Bank was able to meet
the needs of all their clients. The investigations came out with the following results and they are presented in the
table below.
Table 3: Are You Able to Meet All the Needs of Your Clients?
From the table above, six (6) respondents state that the bank is able to meet all the needs of its clients and the
reasons given in support of the answer above include the following; adequate funds to satisfy all the needs of the
qualified applicants; the contributions from members are used for investments which generate enough revenue to
satisfy the needs of customers; due to accumulated savings from their customers and the safe keeping, and
prompt release of customers’ fund to them any time there is a request for it. However, four (4) respondents
mentioned that the bank is not able to meet the needs of all its clients due to the huge number of qualified
applicants and also, not all applicants who make applications duly qualify for the financial services hence, their
needs are not met.
Examination of the Ways Microcredit Schemes are implemented
This is to examine how microfinance institutions (Borimanga Rural Bank) implement their programmes and
policies aimed at reducing poverty. The survey conducted in Borimanga Rural Bank revealed that there are two
main methodologies employed in the process of giving financial and other social assistance to women in and
around Savelugu. These are individuals and groups. With the individual method, women and men are expected
to have collateral before any form of financial assistance can be given to them. With the group methodology
women are encouraged to form groups to access loans.
This type of lending is quite different from the standard banking contract for small-sized clients where collateral
securities are provided. Loans contracted from microfinance institutions however, take advantage of the
borrowers’ close ties within their community and therefore, most often the contracts involve groups of customers
and not individuals. While loans are made to individuals within the groups all members are expected to support
each other when problems of repayment arise. The joint and several liability condition is the most celebrated
innovative feature of the Microfinance Unit of Borimanga Rural Bank‘s contracts.
The survey conducted to find out which of the two (2) lending methologies is used by the Microfinance Unit of
the Borimanga Rural Bank. The results of the study are presented in the table below.
Table 4: Which of the Two (2) Lending – Based Methodologies do you Use?
From Table 4 above, 9 out of the 10 respondents said group–based lending is what the microfinance unit uses to
lend money to its clients. They gave the following reasons for the choice of this method. (1) The group is used as
collateral (2) It allows for lower interest rate and also education on personal hygiene. On the other hand 1
respondent said the individual lending based method is used and a high amount of money is given.
Micro finance is also said to be of two types, namely micro finance in cash and micro finance in kind. The micro
finance scheme practiced by Borimanga is that of the cash where they only advance cash assistance to their
clients. However, there are other micro finance institutions which offer kind assistance to their clients. This
usually takes many forms such as giving seeds and seedlings to farmers and after harvest they return an agreed
upon amount of same or cash to the micro finance institution. Some also offer kind assistance in the form of
animals to individuals and groups. Hence, as a very poor community, it might be good if micro finance
institutions operating in such communities like Savelugu in addition to their cash micro finance practice the kind
financing also.
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Benefits of Microfinance Schemes
The survey also revealed that beneficiaries of microfinance services have enjoyed some benefits. These benefits
are both financial and material and beneficiaries said it helped them to either start or expand their business. They
again, attested to the fact that the profits realized from the business are used to support their families such as
paying the school fees of their children. In addition, the women generally agreed that the education they received
in personal hygiene, importance of education, savings as well as on their civil rights and responsibilities as
women has helped them.
Table 5: Are Microfinance Schemes Beneficial?
The above table shows that 95 out of 130 women interviewed which represent 73.1 % agreed that microfinance
has been helpful. Also, 35 of the women which represent 26.9% say microfinance has not helped them as they
have to sell their personal items to be able to pay back the loans they took and as a result, microfinance schemes
have made them worst of than before.
Influence of Household Members on Beneficiaries in the Use of Microfinance Scheme
The research also tried to find out if there is any form of dependence on beneficiaries (women) of microfinance
by members of their household or family and the effects /influence such dependence has on the women.
Table 6: Dependence of Household Members on Microfinance Beneficiaries?
The above table shows that 90 out of 130 women interviewed which represent 69.2 % agreed that there is much
dependence on them. According to them, their husbands now expect them to use the little profit they made from
their business for the up keep of the house and also pay the school fees of their children. This they say
sometimes affects their ability to repay the loan they took, thereby denying them of future access to such
facilities (micro credit).
They said it is sometime serious when they have to use the loan for funerals and for medical care. Under such
circumstances the only way to repay the loan is to sell some of their personal property thereby increasing their
poverty level. Where they refused to use the loan for other purposes as directed by the husband rather than for
the intended purpose, it caused some of them their marriages.
However, 40 out of the 130 interviewed representing 30.8 % believed that there is little or no dependences on
them from their household or family members because they involved their husbands and all those who matters in
their family during the process of taking the loan thereby preventing their family members from demanding from
them. This means that microfinance institutions should involve those who matters in the lives of the women to
get to understand the processes, the demand and the repayment of such facility before giving it to the women.
Generally, the women showed high level of dissatisfaction with the weekly repayment mode and therefore
suggested a two weeks repayment mode. Similarly, the institution attested to the fact that they also face some
challenges in retrieving their loans. Therefore, out of the ten (10) members of the institutions interviewed, eight
(8) of them said they faced some difficulties in retrieving the loans. They mentioned some of the difficulties they
normally encounter as follows; unwillingness on the part of the clients to pay for the loan; false information on
the part of some clients making it difficult to trace them; high default rates; some cannot repay the financial
services due to the fact that their businesses collapse, or there is no market for their goods so they become
expired or obsolete; attitude of the clients and poor logistics for retrieving the loans. Nonetheless, there were two
(2) respondents who said that they do not face any difficulties because their clients are always willing to save
with them and those were the Susu Collectors.
Moreover, the following were mentioned by the individual respondents as the processes for paying back the
credit facilities they are able to access. Cash Daily, weekly or monthly payments made directly to the offices of
the institution. Also some of the officers from some of the institution go round themselves to collect the monies.
Deductions can also be made from their various accounts.
The institutions interviewed also confirmed the above process mentioned as the pay back modes of the loans
they give out to their clients. Nonetheless, there were some suggested solutions which the respondents gave to
help eliminate the difficulties involved in accessing and retrieving financial services in the community. The
proposed solutions to the difficulties include the following:
There should also be a way of making financial services, especially credit facilities easily accessible in
the community and that will help boost the SMEs sectors.
It was furthermore, stressed that there should be some amendments of the processes and procedures in
obtaining a loan and if possible a total elimination of the collaterals demanded by the institutions.
It was also mentioned that there should be a drastic reduction of the interest rates on loans. So as to enable SMEs
access the needed financial services as well as attract more investors into the financial market.
Roles of Microfinance to SMEs and Its Support Systems
As was stated by Akinyemi; cited in Onuba, 2008, financing of small and medium scale enterprises are vital
instruments for the alleviation of poverty in society and therefore plays an imperative, though complementary
role in nation building. As such, its contribution to economic growth and development cannot be over-
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emphasized. Therefore, the responses from ten (10) microfinance institutions that were interviewed revealed the
following, as the role microfinance plays in the SME sectors; Start-up capitals; financial services; indemnity;
claim settlement; employment creation; expansion, growth and development of businesses; skill enhancement;
entrepreneurial development; empowerment; and above all, the entrepreneurs are able to afford some basic
necessities of life such as decent accommodation; education; health, among others which in effect leads to
improvement in the living standards, leading to poverty reduction.
The head of Microfinance unit of Borimanga Rural Bank further explained that the unit brings hope to the
hopeless in society, help them implement plans and build assets for the future, inculcate in them the spirit of
saving and investment, help them build confidence and self esteem and capacities which enables them take part
in decision making in society. They also try to fill the vacuums created by the formal financial sectors. Similarly,
the individual respondents also confirmed similar views as to the role Microfinance plays in the SMEs sectors.
The responses obtained from the interviewees are presented in the table below for easy reference.
Table 7: Roles/Benefits of Microfinance to SME Sector
From Table 7 above, the responses obtained can be categories into three main forms;
Employment, expansion, growth, development and sustainability, constitute the highest with 66.9%.
Employment, expansion, growth and development are the second highest category, which form
32.3%.
Employment and expansion is the third category that comprises the roles or benefits of
microfinance to SME sector. This constitutes 0.8%.
The philosophy behind the above categories of responses were that financial accessibility-microfinance, enable
people start new jobs, expand the existing ones by investing back part of the profits, through which the business
will grow and would be sustained.
CONCLUSION
In conclusion, microfinance schemes play important roles in the growth and development of women and as well
aid in poverty reduction, through the provision of financial services that creates new employments, expand, grow,
develop and sustain existing businesses, building capacities, self esteem and confidence and many more which in
turn leads to poverty reduction. They are consequently considered as principal driving forces of economic
development and women empowerment. Therefore, making microfinance easily accessible to women will enable
Ghana attain the middle income status by year 2016 and also, will catch up with the industrial world whose
developments were as a result of the development of their private sectors. The study recommends that
microfinance units should encourage supplier credit instead of cash loan to the beneficiaries. This would help
halt the issue of using credit for other purposes rather than the intended purpose. Also, microfinance units should
strive to achieve financial self-sufficiency by increasing repayment rate, decreasing administrative expenses and
strengthening its overall institutional efficiency. If the microfinance units do not manage to become financially
self-sufficient, it may not survive overtime as funding could dry up.
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Table 1: Marital Status of Respondents
Frequency Percent Cumulative percent
Married 90 69.2 69.2
Single 34 26.2 95.4
Divorced 4 3.1 98.5
Other 2 1.5 100.0
Total 130 100.0
Source: (Field Survey, 2011
Table 2: Educational Status of Respondents
Education Frequency Percent Cumulative percent
Primary 33 25.4 71.5
JHS/Middle 27 20.8 92.3
Voc/tech 14 10.8 46.2
SHS 10 7.7 35.4
Tertiary 6 4.6 4.6
No formal education 40 30.8 100.0
Total 130 100.0
Source: (Field Survey, 2011
Table 3: Are you able to meet all the needs of your clients?
Ability responses Frequency Percent
Yes 6 60.0
No 4 40.0
Total 10 100.0
Source: (Field Survey, 2011
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Table 4: Which of the two (2) lending – based methodologies do you use?
Frequency Percent
Group 9 90
Individual 1 10
Total 10 100.0
Source: (Field Survey, 2011)
Table 5: Are microfinance schemes beneficial?
Frequency Percent
Yes 95 73.1
No
35 26.9
Total 130 100.0
Source: (Field Survey, 2011)
Table 6: Dependence of household members on microfinance beneficiaries?
Frequency Percent
Yes 90 69.2
No 40 30.8
Total 130 100.0
Source: (Field Survey, 2011)
Table 7: Roles/Benefits of microfinance to SME sector
Frequency Percent
Employment and expansion 1 8
employment, expansion, growth and development 42 32.3
Employment, expansion, growth, development and
sustainability
87 55.9
Total 130 100.0
Source: (Field Survey, 2011)
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