We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Macroeconomics and Microeconomics - Microfinance - Research Paper Example

Comments (0) Cite this document
Microfinance Introduction Traditionally, women have been at disadvantage in acquiring credit from banks and financial institutions as commercial banks focus more on formal businesses. In poor countries, women constitute a large proportion of the informal economy and due to this reason Microfinance comes handy to meet the needs of women clients in such countries…
Download full paper
Macroeconomics and Microeconomics - Microfinance
Read TextPreview

Extract of sample
Macroeconomics and Microeconomics - Microfinance

Download file to see previous pages... The paper focuses on microfinance activities meeting the cause of women in the countries like Kenya, South Africa, and Ghana. Microfinance in Kenya ACCA (2011) states that the microfinance activities in Kenya got its foothold in '80s but it expanded rapidly after Microfinance Intermediaries Act came into force in the year 2006. The microfinance intermediaries (MFIs) operate under regulatory framework called Economist Intelligence Unit (EIU). As per EIU, Kenya offers one of the best business environments for MFIs. Reece (2011) describes about the organizational power of women in Kenya who without enough government help are building financial resources and security for them. As such, only 20 percent of the population in Kenya is in the position to open a bank account or do any transaction with the banks. Rose Olouch, a village woman, is quite vocal in stating that Kenyan women are capable of empowering themselves. She leads the group of 20 women who among themselves save, loan and contribute towards group insurance fund to meet emergencies. Women dominate in decision making process with regard to village and home finances. Small savings and loan groups provide basic level of financing to the low-income groups. Such groups meet monthly to carry out essential activities maintaining a strict discipline in the gathering. The Women’s Enterprise Development Institute (WEDI) is the largest organization serving some 20,000 clients. The WEDI's operations are based on the managed-ASCA model. Women take loan from the ASCA. Each member contributes Ksh100 as monthly saving and they can withdraw it on notice. Members are eligible for the dividend at the end of the year. The ASCA does charge management fees depending upon the funds handled. At least 45% of WEDI groups operate in areas with population density of 200 persons per square km. Further, most of the WEDI groups operate in the areas where poverty incidence is between 20 and 40 percent of the population. Johnson, et al. argues that decentralized models have advantages in reaching poorer and remote areas. WEDI client portfolio includes women from the poorest strata of the society. WEDI’s clients are involved in the activities of farming and producing cash crops such as coffee, beans. They also run retail shops in and indulge into buying and selling of fruits and cereals. Usually, women clients save nearly Ksh 100 per month and take the benefit of small loans from WEDI. WEDI generates enough income from the loans offered so as to sustain its operational expenses (Johnson, Malkamak, and Wanjau, p.11) The Women’s Enterprise Development Company Ltd (WEDCO) is another NGO Microfinance institution operating in the Kenya. Women in rural areas are offered credits by them for their small business activities. WEDCO provides loans for varied purpose including school fees loans and to meet other contingencies. WEDCO serves approximately 12,000 clients in a large geographical area (Johnson, Malkamak, & Wanjau, p.10). Status of Microfinance in South Africa The Microfinance market in South Africa started in the '80s and then it was made up of NGOs and for-profit companies. Until at least 1994 microfinance market in South Africa had a few commercial and not-for-profit lenders but there after microfinance mark ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Macroeconomics and Microeconomics - Microfinance Research Paper”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1449540-micro-finance
(Macroeconomics and Microeconomics - Microfinance Research Paper)
“Macroeconomics and Microeconomics - Microfinance Research Paper”, n.d. https://studentshare.org/macro-microeconomics/1449540-micro-finance.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Macroeconomics and Microeconomics - Merced County
Among the county’s major cities include Atwater, City of Merced, Livingston, and Los Banos. The population in the county is diverse estimated at 255,793 people on the 1,971.87 square mile, which translates to 130 people per square mile, according to the 2010 census (US Census Bureau).
5 Pages(1250 words)Research Paper
Principles of Microeconomics
This is dependents on the nature of the market that exists in a particular economy. In order to effectively discus the economic transition as argued in the question, it is better to understand exactly what a monopoly market is. This is a market structure where there is only one seller/producer for a particular product i.e.
5 Pages(1250 words)Research Paper
Macroeconomics vs. microeconomics
Macroeconomics It deals with the analysis of the entire economy including the issues that have the capability of affecting the economy. The issues related in macroeconomics are unemployment, economic growth, inflation as well as monetary and fiscal policies.
3 Pages(750 words)Essay
Macroeconomics of Botswana
According to the paper, well measured macroeconomics policies of the government, effective administration and operating strategies, along with efficient diamond resources control are the key factors of economic success of Botswana. The country has substantially changed from underdeveloped nation to the middle-income nation in three decades.
5 Pages(1250 words)Research Paper
Principles of Microeconomics
uct brown and black versions of feminine products, the founder Scott Shoemaker invested over $20,000 in designing bags that were male oriented (Merrit 1). The firm exhibits an important element of microeconomics: entrepreneurism. Entrepreneurs have a new idea, venture, or
1 Pages(250 words)Research Paper
Applying Microeconomics to Business
How the businesses apply this data and information is decided by the top management. This brief paper examines how businesses apply microeconomics. In his
5 Pages(1250 words)Research Paper
UAE is a country which is blessed with immense oil resources whereas it lacks scarcity in manpower resources. In fact UAE is currently facing demographic imbalances because of the huge expatriate workforce available there. The number of overseas population is more than the
6 Pages(1500 words)Research Paper
Macroeconomics of Argentina
The collapse of Argentina’s economy in December 2001 indicated the failure of neoliberalism among developing countries to provide equitable and sustainable economic growth. This paper focuses on a brand new economic nationalism, introduced after the 2002 crisis. The relative success of the new economic policies is considered in the research paper.
5 Pages(1250 words)Research Paper
Microeconomics of green jobs
This is because it has been appreciated and criticized in equal measures. By saying this, it means that a green job should be a utilitarian activity which has lots of benefits to the society. In other words, green job projects should be geared towards job
2 Pages(500 words)Research Paper
This policy will lead to increase in demand in the market in order to enhance economic growth. The expansionary fiscal policy will consist of: The Expansionary Fiscal Policy should be used with the objective of stabilizing prices,
4 Pages(1000 words)Research Paper
Let us find you another Research Paper on topic Macroeconomics and Microeconomics - Microfinance for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us