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How Does Microfinance Empower Women in Nigeria?: A Study

How Does Microfinance Empower Women in Nigeria?: A Study

Ezebuilo R. Ukwueze, Henry T. Asogwa, Onyinye M. David-Wayas, Chisom Emecheta, Johnson E. Nchege
ISBN13: 9781522552406|ISBN10: 1522552405|EISBN13: 9781522552413
DOI: 10.4018/978-1-5225-5240-6.ch001
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MLA

Ukwueze, Ezebuilo R., et al. "How Does Microfinance Empower Women in Nigeria?: A Study." Handbook of Research on Microfinancial Impacts on Women Empowerment, Poverty, and Inequality, edited by Ramesh Chandra Das, IGI Global, 2019, pp. 1-22. https://doi.org/10.4018/978-1-5225-5240-6.ch001

APA

Ukwueze, E. R., Asogwa, H. T., David-Wayas, O. M., Emecheta, C., & Nchege, J. E. (2019). How Does Microfinance Empower Women in Nigeria?: A Study. In R. Das (Ed.), Handbook of Research on Microfinancial Impacts on Women Empowerment, Poverty, and Inequality (pp. 1-22). IGI Global. https://doi.org/10.4018/978-1-5225-5240-6.ch001

Chicago

Ukwueze, Ezebuilo R., et al. "How Does Microfinance Empower Women in Nigeria?: A Study." In Handbook of Research on Microfinancial Impacts on Women Empowerment, Poverty, and Inequality, edited by Ramesh Chandra Das, 1-22. Hershey, PA: IGI Global, 2019. https://doi.org/10.4018/978-1-5225-5240-6.ch001

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Abstract

That microfinance institutions empower women has become a heated debate at both theoretical and empirical economics. A large proportion of women in developing countries are characterized by segregation, relegation, poverty, vulnerability; majority of them engaged in agriculture and related economic activities, while a few others have menial jobs. The objective of this chapter is to determine how microfinance has empowered women in Nigeria. It employed propensity score matching and logit model to estimate the effect of microfinance on women empowerment and welfare. The results show that age of women, education, belonging to saving association, and operating an account are the determinants of women empowerment and welfare as they access finance from the microfinance banks. It was also observed that there is disparity among women who have access to liquidity. It is recommended that more microfinance banks be cited in the rural sector where the majority of the poor reside, policies like low interest rates, national awareness, and incentives for more women to access micro-credits.

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