Micro and Small Enterprises (MSEs), Poverty Reduction, and Group-based Microfinance in Sub Saharan Africa (SSA) PDF Download

Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

View

Book Description

Author: Alhassan, Yahaya
Publisher: IGI Global
ISBN: 1799875016
Category : Business & Economics
Languages : en
Pages : 368

View

Book Description
The use of microfinance for poverty reduction and economic development in the developing world is growing. However, this concept needs to be expanded to ensure its successful application for achieving longer-term economic growth and sustainability in developing countries, particularly in parts of the world such as Africa. As such, further research into the relationship between microfinance and sustainable development in developing regions is required to fully understand the opportunities for effective use of microfinance for poverty reduction and economic development. Microfinance and Sustainable Development in Africa examines the complex relationship between receipt of microfinance, poverty reduction, economic growth, and microbusiness development, focusing on the provision of small credit facilities as a driver of sustainable development in Africa. Its coverage of topics such as microbusiness, social finance, and sustainable development make this book an ideal reference source for academicians, researchers, government officials, policymakers, organizations, managers, instructors, and students.

Author: Esayas Bekele Geleta
Publisher: Routledge
ISBN: 1317024109
Category : Business & Economics
Languages : en
Pages : 147

View

Book Description
Microfinance has long been considered a development strategy that can correct the failure of the global credit market and address the financial needs of the poor enabling them to create and run profitable business enterprises. The Microfinance Mirage argues that this neo-liberal oriented analysis overemphasises the economic argument whilst ignoring the cultural roots of inequality and subordination. Drawing on ethnographic research conducted among rural credit clients in the Northern region of Ethiopia, Esayas Bekele Geleta provides a nuanced critical analysis of microfinance challenging the common assumption that it facilitates the building of social capital, poverty reduction and the empowerment of women. Making a unique contribution to our further understanding of the microfinance industry the research shows that, in some cases, microfinance can result in the disintegration of pre-existing relationships and in the disruption and destruction of the livelihoods of the poor. Exploring the impact of microfinance in one of the poorest regions of sub-Saharan Africa, this book demonstrates its potential and problems and shows the complex and contradictory social and cultural environments in which projects are often located.

Author: Irene Banda Mutalima
Publisher:
ISBN: 9781914454516
Category :
Languages : en
Pages : 0

View

Book Description

Author: Maryke Dessing
Publisher: World Bank Publications
ISBN: 9780821315538
Category : Business & Economics
Languages : en
Pages : 90

View

Book Description
Microenterprises play an important role in sub Saharan Africa. They account for a sizeable portion of the economy, by providing employment and a means of livelihood for much of the nonagricultural population. This paper is the result of a survey of the literature and extensive discussions with practicioners and its primary focus is a direct approach in support of microenterprises. Perhaps the simplest objective to pursue is access to credit. The main lesson from experimentation in this field is that the poor are bankable and and can be served relatively inexpensively, provided nontraditional lending methods are utilized (e.g. group lending). Technical assistance and support services can also be provided to help first-time entrepreneurs set up their own businesses, to assist microenterprises in their daily business, or to help them graduate to a larger size. The task of assisting microenterprises requires small, flexible, and responsive organizations, with sufficient autonomy to make ad hoc decisions, yet with adequate coordination at the national level. Such organizations include PVOs, NGOs, cooperatives, banks, business associations, churches and women's groups. The report recommends that capacity building be incorporated as a specific objective of microenterprise support programs and should be budgeted for. Shifting the focus of assistance from beneficiaries to support institutions is an effective way of reaching the most marginal groups.

Author: Susan Johnson
Publisher: Oxfam
ISBN: 9780855983697
Category : Business & Economics
Languages : en
Pages : 148

View

Book Description
The book emphasizes the importance of studying the local context, and then considering the macroeconomic factors which may be operating upon the economy of a particular country. Five extended case studies, in the Gambia, Ecuador, Mexico, Pakistan, and the UK are examined with reference to further aspects of sustainability and impact assessment.

Author: Osaore A Aideyan
Publisher:
ISBN: 9780773417847
Category : Economic development projects
Languages : en
Pages : 179

View

Book Description
There have been many books written about the issue of poverty in Africa. Most of them look at failed policies and criticize what does not work. This text looks at what does work, and outlines how to implement these effective policies. The question of credibility and strategic behaviors in institutions of poverty reduction is an area that needs to be addressed adequately and the author attempts to deal with it in a pragmatic way.In the academic literature on designating effective institutions of poverty alleviation programs and policies in sub-Saharan Africa, it is rare to find direct assessments of the success of particular social policies and programs. In country after country, one is much more likely to see research on the failure of poverty reduction programs. Very often, contributors to the literature gravitate towards the presentation of raw numbers and figurers indicating that these policies and programs have failed and thus call for the discontinuation of such policies. Curiously, the most straightforward questions that many people outside of the development circle seem to want answered OCo such as, on what criteria are these conclusions reached, or what particular policies and programs have made a dent in poverty, are less popular in the discipline. This study focuses on the preconditions for success in poverty reduction programs. It proposes a framework which incorporates a mixture of social and political, as well as economic relationships, which these programs embody. Using evidence from original surveys of two micro-finance programs in Southern Nigeria, this policy evaluation study attempts from the standpoint of institutional and social capital theories to accomplish two goals: first, to fill the gaps in the literature by developing an evaluation framework emphasizing institutional design features and a strong network of relationships which lower costs for beneficiaries and providers; and second, to provide critical input for the policy task of designing effective institutions of poverty reduction programs."

Author: Ahmed Taqi-ud-deen Sa-eed
Publisher: LAP Lambert Academic Publishing
ISBN: 9783847324690
Category :
Languages : en
Pages : 188

View

Book Description
In Sub-Saharan Africa, the activities of women entrepreneurs are steadily on the decline.This unfortunate situation is due to a lot of factors which included but not limited to lack of capital for the expansion of their businesses, poverty, God, large family size and inaccessible markets.Evidence from the study showed that the few women who benefitted from the microfinance scheme experience improvement in their businesses which culminated in to wealth creation and assets.It became very clear that policies and regulations were very essential for effective and efficient operations of microfinance institutions and their clients.The study also affirmed the viability of the policies and regulations.Evidence from the study revealed that microfinance is a poverty reduction strategy based on the premise that the policies and regulations that bind both clients and and microfinance institutions are adhered to in their transactions

Author: Balikisu Osman
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 114

View

Book Description
Microfinance is popularly described as small scale financial services to lower-income groups which may take the form of not only micro-savings and micro-loans but also, insurance, fund transfers and assets leasing packages. The assumption is that, access to these financial services enables poorer households to secure capital for poverty reduction. In spite of its prominence, the ability of microfinance services to contribute to these promising outcomes remains inconclusive. It is somewhat debatable that poorer farmers in Sub-Saharan Africa may commit themselves to savings or credit or insurance packages to support their livelihoods. Particularly, they earn marginal income from their farming activities and have little in reserve for immediate expenses. An equally important aspect of the contention is that most of them lack the financial knowledge to utilize microfinance services. The debate regarding the effectiveness of microfinance and its academic and policy dimensions informed this research to explore the range of microfinance services available to poor farming households in Sub-Saharan Africa and to analyze their outcomes on livelihood sustainability and poverty reduction. At present, numerous empirical methodologies have been used to assess and document the impacts of microfinance on diverse aspects of poor people's lives. This research adopted a systematic review approach where findings from eighteen identified studies were synthesized to produce evidences for research, policy and practice. Findings from the review suggest that various forms of microfinance services are available for the poorer farmers except micro-leasing. The evidences confirm a positive effect of microfinance services on farm productivity, but mixed impact on livelihood sustainability and poverty reduction. In the end, the review presents a useful framework and provides suggestions for practitioners and policy makers to critically assess the ease of access, feasibility of use and the institutional environment of poor households when designing microfinance interventions and policies. It also calls on researchers to re-evaluate the feasibility of under-used micro-leasing services which have greater potential for the poor to accumulate assets, build security and reduce poverty.

Author: S. Rajagopalan
Publisher:
ISBN:
Category : Africa
Languages : en
Pages : 220

View

Book Description
Africa is home to some of the poorest and vulnerable populations in the world. The ten poorest countries in the world are in Africa. Sub-Saharan Africa is the region with the highest incidence and greatest depth of poverty in the world. Fewer than one in five adults in Africa has access to the services of a formal or semi-formal financial institution. Microfinance in Africa is growing, though. A broad range of diverse institutions offer financial services to the poor and low-income clients in Africa. These include non-governmental organizations, non-banking financial institutions, cooperatives, credit unions, rural banks, Rotating Savings and Credit Associations (ROSCAs), postal financial institutions and an increasing number of commercial banks. Increasingly, technology is being used to expand microfinance outreach mobile phone banking is one such example. This book provides an overview of the microfinance sector in Africa, reviews the performance and impact of microfinance institutions in the region, and outlines some of the opportunities and challenges that African microfinance has on hand.