Globalization and gender - dilemmas for microfinance organizations

S Johnson, T Kidder

Research output: Contribution to journalArticle

14 Citations (Scopus)

Abstract

The microfinance industry is itself becoming a global phenomenon. The proliferation of microfinance programmes - and in particular of a single loan product - has been accelerated by a global publicity campaign, the MicroCredit Summit. Women were to be targeted, but it is clear that women do not always benefit from credit for microenterprise. This article examines the circumstances of women microentrepreneurs - and finds that some of them are powerless home workers. It also examines the financial products aimed at them - and calls for more products, such as savings accounts, money transfers, or loans for domestic equipment. Also, as microfinance organizations (MFOs) develop and as the sector moves to embrace mainstream financial institutions, it is increasingly difficult to ignore the role of international capital markets. There is a need for 'patient capital' which will be rooted in and respond to local concerns. Financial services should be delivered as effectively and efficiently as possible, but subsidies may continue to be a necessary component in achieving this. Finally, it is argued that although NGOs may continue to provide only a small proportion of the financial services available, they should continue to play a strategic role in their development.
Original languageEnglish
Pages (from-to)4-15
Number of pages12
JournalSmall Enterprise Development
Volume10
Issue number3
Publication statusPublished - 1 Sep 1999

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Globalization
Microfinance
Financial services
Loans
Microcredit
Savings
Financial institutions
International capital markets
Proliferation
Subsidies
Industry
Micro-enterprises
Publicity
Workers
Financial products
Proportion
Non-governmental organizations
Credit

Cite this

Globalization and gender - dilemmas for microfinance organizations. / Johnson, S; Kidder, T.

In: Small Enterprise Development, Vol. 10, No. 3, 01.09.1999, p. 4-15.

Research output: Contribution to journalArticle

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