Microfinance and poverty alleviation

Microfinance, which is one of the tools used in poverty alleviation, has been with us since time immemorial. In Nigeria it is traditionally rooted, while providing credit and financial services to the poor or low-income earners. There are people with self-help groups, rotating savings and associat...

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Autor principal: Irobi, Nnenna Christiana
Formato: Otro
Lenguaje:sueco
Inglés
Publicado: 2008
Materias:
Acceso en línea:https://stud.epsilon.slu.se/10927/
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author Irobi, Nnenna Christiana
author_browse Irobi, Nnenna Christiana
author_facet Irobi, Nnenna Christiana
author_sort Irobi, Nnenna Christiana
collection Epsilon Archive for Student Projects
description Microfinance, which is one of the tools used in poverty alleviation, has been with us since time immemorial. In Nigeria it is traditionally rooted, while providing credit and financial services to the poor or low-income earners. There are people with self-help groups, rotating savings and associations with several activities aiding members to come out of poverty etc. Microfinance however, is been implemented to overcome the failure of the formal banking industry at offering small loans for the poor to enable them perform some income generating activities. The question of 'whom does the microfinance benefit', and how it affects the welfare of different groups of individuals and household was tackled in this study. This was achieved through studying the impact of micro financing on a group of women - Obazu Progressive Women Association, Mbieri, Owerri in Nigeria involved in poverty alleviating activities for their members. From the findings of this study, the microfinance intervention has a positive impact on alleviation of poverty among the women of this association. Interestingly, this study found that most women in this association experienced increased income and therefore improved their economic status, political and social conditions after receiving the loans. This result therefore further upholds the main purpose and objectives of microfinance in general.
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spelling RepoSLU109272017-09-20T11:51:52Z https://stud.epsilon.slu.se/10927/ Microfinance and poverty alleviation Irobi, Nnenna Christiana Development economics and policies Microfinance, which is one of the tools used in poverty alleviation, has been with us since time immemorial. In Nigeria it is traditionally rooted, while providing credit and financial services to the poor or low-income earners. There are people with self-help groups, rotating savings and associations with several activities aiding members to come out of poverty etc. Microfinance however, is been implemented to overcome the failure of the formal banking industry at offering small loans for the poor to enable them perform some income generating activities. The question of 'whom does the microfinance benefit', and how it affects the welfare of different groups of individuals and household was tackled in this study. This was achieved through studying the impact of micro financing on a group of women - Obazu Progressive Women Association, Mbieri, Owerri in Nigeria involved in poverty alleviating activities for their members. From the findings of this study, the microfinance intervention has a positive impact on alleviation of poverty among the women of this association. Interestingly, this study found that most women in this association experienced increased income and therefore improved their economic status, political and social conditions after receiving the loans. This result therefore further upholds the main purpose and objectives of microfinance in general. 2008-09-23 Other NonPeerReviewed application/pdf sv https://stud.epsilon.slu.se/10927/1/irobi_n_170920.pdf Irobi, Nnenna Christiana, 2008. Microfinance and poverty alleviation : a case of Obazu Progressive Women Association, Mbieri Imo state - Nigeria. UNSPECIFIED, Uppsala. Uppsala: (NL, NJ) > Dept. of Economics <https://stud.epsilon.slu.se/view/divisions/OID-510.html> urn:nbn:se:slu:epsilon-s-7027 eng
spellingShingle Development economics and policies
Irobi, Nnenna Christiana
Microfinance and poverty alleviation
title Microfinance and poverty alleviation
title_full Microfinance and poverty alleviation
title_fullStr Microfinance and poverty alleviation
title_full_unstemmed Microfinance and poverty alleviation
title_short Microfinance and poverty alleviation
title_sort microfinance and poverty alleviation
topic Development economics and policies
url https://stud.epsilon.slu.se/10927/
https://stud.epsilon.slu.se/10927/