Welcome to the InfoSci Platform
The Role of Microfinance in Promoting Women's Empowerment: A Socioeconomic Approach

The Role of Microfinance in Promoting Women's Empowerment: A Socioeconomic Approach

Gertrude Amoakohene, Stephen Owusu Afriyie, Joseph Nkyi, Mohammed Musah, Peter Yao Lartey
Copyright: © 2023 |Pages: 17
ISBN13: 9781668489796|ISBN10: 1668489791|ISBN13 Softcover: 9781668489802|EISBN13: 9781668489819
DOI: 10.4018/978-1-6684-8979-6.ch010
Cite Chapter Cite Chapter

MLA

Amoakohene, Gertrude, et al. "The Role of Microfinance in Promoting Women's Empowerment: A Socioeconomic Approach." Empowering Women Through Microfinance in Developing Countries, edited by Yahaya Alhassan and Uzoechi Nwagbara, IGI Global, 2023, pp. 175-191. https://doi.org/10.4018/978-1-6684-8979-6.ch010

APA

Amoakohene, G., Afriyie, S. O., Nkyi, J., Musah, M., & Lartey, P. Y. (2023). The Role of Microfinance in Promoting Women's Empowerment: A Socioeconomic Approach. In Y. Alhassan & U. Nwagbara (Eds.), Empowering Women Through Microfinance in Developing Countries (pp. 175-191). IGI Global. https://doi.org/10.4018/978-1-6684-8979-6.ch010

Chicago

Amoakohene, Gertrude, et al. "The Role of Microfinance in Promoting Women's Empowerment: A Socioeconomic Approach." In Empowering Women Through Microfinance in Developing Countries, edited by Yahaya Alhassan and Uzoechi Nwagbara, 175-191. Hershey, PA: IGI Global, 2023. https://doi.org/10.4018/978-1-6684-8979-6.ch010

Export Reference

Mendeley
Favorite

Abstract

Women's economic empowerment is a technique meant to give them more authority over decisions, increase their income, and own assets. Since empowering women is essential to achieving the goals of development and reducing poverty, numerous attempts have been made to address this issue. Microfinance institutions (MFIs) have emerged as key tools over the past few decades to not only address poverty, but also to empower women in particular. It is believed that by employing microfinance, which has been shown to be one of the most effective approaches, women may gain some kind of personal empowerment. The primary objective of this research is to analyse how microfinance affects women's economic empowerment. Microfinance significantly boosts women's independent revenues, their levels of asset ownership, and their savings, which all contribute to their economic empowerment. The research also demonstrated that microfinance helps promote the growth of women's entrepreneurship and accessibility to business opportunities.

Request Access

You do not own this content. Please login to recommend this title to your institution's librarian or purchase it from the IGI Global bookstore.