scholarly journals MICROFINANCE AND RURAL POVERTY ALLEVIATION: A REALITY?

2017 ◽  
Vol 17 (3) ◽  
Author(s):  
Taofeek Aremu Kasali ◽  
Siti Aznor Ahmad ◽  
Hock-Eam Lim

It is a truism that if Microfinance Institutions (MFIs) play their expected role, poverty will reduce and there will be more employment opportunity and adequate economic development particularly in the rural areas. Poverty is more devastating in Sub-Saharan Africa than the rest of the world. This paper examines the contributions of microfinance towards the rural poverty reduction. To achieve this objective, the study adopted multi-stage random sampling technique to collect primary data through the structured questionnaire. A total sample of 1,134 microfinance loan beneficiaries and non-beneficiaries were used as respondents from three (Ogun, Osun and Oyo states) out of six states in South- West Nigeria. Statistical Percentage Techniques were used to describe the characteristics of the sample from the study. The results revealed that microfinance has marginal effects on the rural poor in Southwest Nigeria. Policy makers are advised to provide adequate infrastructural facilities that will encourage MFIs to establish branches in the rural areas. MFIs should endeavor to create more awareness to the rural poor with realistic loan procedure that will encourage the poor to access microcredit loan.Keywords: Economic Development; Poverty; Microfinance Institutions; rural poor; Nigeria.

2018 ◽  
Vol 6 (1) ◽  
pp. 037
Author(s):  
Fuad Hasyim

Rural poverty is a problem that seemed vicious because poverty is a structural problem that will always be there. Poverty of farmers in rural areas must be addressed in an effort to increase the capacity and capability of farmers to form farmers' productive behaviors that have an impact on increasing empowerment.This study tried to explore the problems of poverty in rural areas, particularly poverty tobacco farmers in Temanggung. This is motivated because the Temanggung tobaccos are the world's best tobacco, but its majority people are poor. This study uses primary data approach, the method of Structural Equation Modeling (SEM) using path analysis. Then in-depth explanation with interviews and observations analysis techniques to obtain optimal qualitative interpretation.The results showed that the capacity, culture, government empowerment, social capital and religiosity as independent variables affect the attitudes of society, which in turn affect the empowerment of the poor as poverty reduction efforts.


2019 ◽  
Vol 2 (2) ◽  
pp. 14-19
Author(s):  
Diriba Ayele Gebisa ◽  
Aman Rikitu Dassa

Empowerment of women has emerged as an important issue in recent times since women remained disadvantaged part of society for a long period of times. Empowerment of women facilitates development by the uplifting their economic, social and political status. Microfinance is proved to be the instrument to handle poverty that exists mostly in urban and rural areas of the country. It is treated as a key strategy in addressing development issues across the country since the last decade. This study basically attempts to analyze the roles and challenges of microfinance in women empowerment. A primary survey has been carried out to capture the realistic experiences from the women beneficiaries of Oromia Micro Credit and Saving Institution of West Shoa Zone branch. In order to address the objectives of the study, a mixed approach has been adopted and primary data were collected and analyzed using quantitative and qualitative analysis techniques. A total sample of 268 women customers’ was selected using simple random sampling technique out of 1316 target populations. Data collected from these respondents were analyzed and interpreted using percentage, weighted mean and mean ranking and the hypothesis was tested using the paired t-test. The findings showed that a significant number of clients had increased their income, saving, decision making and asset ownership rights and safeguarded themselves and their families from financial difficulties. Besides its role, the main challenging factors are unproductive usages of the loan, limited loan size, lack of training and follow up, low awareness and high-interest rate of the loan.


Author(s):  
Oderinu Hassana ◽  
◽  
Kadir Mumini ◽  
Tijani Adebayo ◽  

Nigeria has one of the countries whose experience of poverty and unemployment is on the high side makes this study to look into the effect of the economic lockdown during the global pandemic in the country, with the aim of making effort on how this effect can be translated into economic development. Survey research design method was adopted with self-administered questionnaire used to collect data. Findings revealed that in Nigeria COVID -19 outbreak effects was felt in almost all sectors and the aftermath greatly affected the country’s GDP and this adversely affect rural development in the country, which translated to a worrisome rate of poverty and unemployment. Hence, both individual and government have now seen that campaigning for economic diversification is not sufficient for economic development but rather a prompt swing into action by all is needed for sustainable development of rural areas to respond to the worrisome rate of unemployment and in turn high level of poverty caused by the COVID-19 lockdown in the country. It was recommended that government at all level as well as individuals and stakeholders should put in place actions that would gear up rural development and set policies at their various helms of affairs that would encourage economic participation of all citizens in all sector of the economy.


Jurnal Ecogen ◽  
2019 ◽  
Vol 2 (1) ◽  
pp. 18
Author(s):  
Widia Afriyuni ◽  
Rahmiati Rahmiati ◽  
Muthia Roza Linda

This study aims to analyze: (1) The level of customer satisfaction with the quality provided by the Padang City Center Post Office (2) Service attributes that need to be improved in service quality at the Padang City Center Post Office so as to improve customer satisfaction (3) Quality dimensions services that have the greatest influence on customer satisfaction at the Padang City Center Post Office. The population of this research is the Post Office customers with unknown number of respondents. The sampling technique of this study was accidental sampling technique with a total sample of 100 people. The data used is primary data. The data analysis technique uses the fuzzy-servqual method using Microsoft Excel software. The results showed that: (1) The level of consumer satisfaction is low because the overall servqual (gap) value is negative, namely -0.75 (2) There are 17 attributes that need to be improved from the 22 attributes that are tested to improve the quality of service at the Post Office Padang City Center (3) Dimensions of service quality with the biggest gap is the dimension of responsiveness with a value of -1.32.Keywords: Service Quality, fuzzy-servqual, customer satisfaction


Edulib ◽  
2014 ◽  
Vol 4 (1) ◽  
Author(s):  
Tine Silvana ◽  
Pawit M Yusup ◽  
Priyo Subekti

AbstractRural poverty can be understood as a social condition of a person, or a group of people who were associated with aspects of economic and non-economic aspects. Scientific aspects such as social, cultural, health, education, psychology, the environment, law, anthropology, and art, was often associated with poverty. Nevertheless, the notion of poor and rural poverty is, in general, is still viewed by researcher's perspective, rather than emic, ie see something from the perspective of the participant. This study took part of the effort to comprehensively understand the meaning of poor and poverty in the eyes of the poor, especially in rural areas, roomates point is on how to map view of rural poor people in hopes of interpreting experience of livelihood as poor in underlying survival living. By using a qualitative study approach, especially the tradition of phenomenology of Schutz, obtained a description of the results, that the meaning of poor and poverty, in phenomenology, containing context, such as: context ownership; contexts effort and trial and error; contexts powerlessness; contexts outside assistance; independence in the context of compulsion; contexts unattainable expectations; context of the struggle; context of limited access to information; contexts low curiosity; contexts simplicity needs; problems humiliation context; and context sensitivity in social communication.Keywords: Meaning poor, Poverty, Rural AbstrakKemiskinan di pedesaan dapat dipahami sebagai suatu kondisi sosial seseorang, atau sekelompok orang yang terkait dengan aspek-aspek ekonomi dan non-ekonomi. Aspek ilmiah seperti sosial, budaya, kesehatan, pendidikan, psikologi, lingkungan, hukum, antropologi, dan seni, yang sering dikaitkan dengan kemiskinan. Namun demikian, gagasan tentang kemiskinan dan pedesaan, secara umum, masih dilihat dari perspektif peneliti, bukan emik, yaitu melihat sesuatu dari perspektif partisipan. Penelitian ini mengambil bagian dari upaya untuk secara komprehensif memahami makna miskin dan kemiskinan di mata masyarakat miskin, terutama di daerah pedesaan, which titik adalah bagaimana memetakan pandangan masyarakat miskin pedesaan dengan harapan pengalaman yang menafsirkan mata pencaharian sebagai masyarakat miskin untuk bertahan hidup. Dengan menggunakan pendekatan studi kualitatif, khususnya tradisi fenomenologi Schutz, diperoleh gambaran hasil, bahwa makna miskin dan kemiskinan, dalam fenomenologi, mengandung konteks, seperti: kepemilikan konteks; Upaya konteks dan trial and error; Ketidakberdayaan konteks; konteks di luar bantuan; kemerdekaan dalam konteks paksaan; konteks harapan tercapai; konteks perjuangan; konteks terbatasnya akses terhadap informasi; konteks rasa ingin tahu yang rendah; kesederhanaan konteks kebutuhan; konteks masalah penghinaan; dan sensitivitas konteks komunikasi sosial.Kata Kunci : Makna kemiskinan, Kemiskinan, Desa


2021 ◽  
Vol 3 (3) ◽  
pp. 679-688
Author(s):  
Do Quang Giam ◽  
Dao Thi Hoang Anh ◽  
Vu Ngoc Huyen ◽  
Lai Phuong Thao ◽  
Dao Huu Bao ◽  
...  

Group-based lending is a form of loan provision for individuals and households in rural areas for production and consumption purposes. Proceeding from the imbalance between demand and supply on small-scale capital, and also Government policies on sustainable poverty reduction, the Vietnam Bank for Agriculture and Rural Development (Agribank) has coordinated with its local authorities and socio-political organizations to provide loan services via group lending. The purpose of this paper was to evaluate the status of group lending development of the Agribank-Bac Giang Branch II. The paper used secondary data collected from the branch and primary data gathered from 50 representative customers and 10 credit officers related the group lending of the branch. Data analysis methods consisted of descriptive statistics and comparative analysis, incorporated with the measurements for bank performance and quality. The findings show positive prospects in both the bank and customers for the development of group lending activity and obstacles in the group lending development of the branch. The paper also proposes some solutions for the branch to tackle difficulties and promote the development of group lending in the branch in Bac Giang province.


JEJAK ◽  
2020 ◽  
Vol 13 (1) ◽  
pp. 69-83
Author(s):  
Muhammad Amir Arham ◽  
Ahmad Fadhli ◽  
Sri Indriyani Dai

Agriculture is the primary sector in many provinces in Indonesia. In fact, most of the rural communities work in the agricultural sector. Nevertheless, the poverty level in rural areas remains high. Therefore, this study was aimed at investigating the performance of the agricultural sector in reducing the rural poverty level in Indonesia, and to investigate factors that contribute as a determinant in reducing rural poverty level in Indonesia. This study was significant, considering that the result was to contribute to government policy evaluation in the agricultural sector, especially in reducing poverty in rural areas. This study used quantitative analysis through multiple regressions with data panel from 2014 to 2017 from 33 provinces in Indonesia. This study revealed that the increase of agricultural sector share and the widening of the income distribution had caused an increase in poor people in a rural area. This finding also revealed that the income distribution gap was a determinant to the severity of rural poverty. The growth in the agricultural sector to contribute toward the economy could reduce rural poverty level in Indonesia. Meanwhile, agricultural financing, economic growth, inflation, and the farmer exchange rate had not significantly contributed to reducing the poverty level.


2022 ◽  
pp. 57-78

This chapter examines the notions of stigma, bias, and myth of poverty reduction and focuses specifically on rural poor populations in nations that fell behind in implementing the global targets of poverty reduction, the majority of them in Sub-Saharan Africa. The task is to examine various characterizations of myth and stigma in historical discourse and explain the processes and mechanisms by which myth and stigma function as a mediator of various tensions within historical discourse. First, this chapter describes the characterizations of stigma and the misconceptions of poverty; second, it explains the barriers and the daunting task of poverty reduction; and third, it shows how negative perceptions of poverty ultimately complicate the implementation of the poverty reduction agenda.


2020 ◽  
Vol 25 (4) ◽  
pp. 315-333
Author(s):  
Martin Philipp Heger ◽  
Gregor Zens ◽  
Mook Bangalore

AbstractThe debate on the land–poverty nexus is inconclusive, with past research unable to identify the causal dynamics. We use a unique global panel dataset that links survey and census derived poverty data with measures of land ecosystems at the subnational level. Rainfall is used to overcome the endogeneity in the land–poverty relationship in an instrumental variable approach. This is the first global study using quasi-experimental methods to uncover the degree to which land improvements matter for poverty reduction. We draw three main conclusions. First, land improvements are important for poverty reduction in rural areas and particularly so for Sub-Saharan Africa. Second, land improvements are pro-poor: poorer areas see larger poverty alleviation effects due to improvements in land. Finally, irrigation plays a major role in breaking the link between bad weather and negative impacts on the poor through reduced vegetation growth and soil fertility.


2017 ◽  
Vol 4 (1) ◽  
pp. 10 ◽  
Author(s):  
Ali Saleh Alshebami ◽  
V. Rengarajan

The objective of this paper is to investigate the different types of hurdles limiting the growth and development of microfinance institutions operating in Yemen, and to suggest relevant recommendations that be used as a backup in the process of taking remedial measures. The study is both descriptive and analytical in nature. The data collected is based on both primary and secondary sources. The primary data was collected during the field study of ongoing PhD research study on the role of microfinance in mitigating poverty and unemployment in Yemen conducted in October 2015 by Mr. Ali Alshebami. Only a sample of nine MFIs was selected from The MFIs operating in the market, as the remaining MFIs could not be easily reached due to the prevailing persistent internal war situation. A few of these hurdles include but not limited the existence of insufficient funds necessary for financial business and the availability of poor physical infrastructure in the rural areas. In addition, the shortage of qualified human resources, the poor diversification of products and services, the political instability of the country, the wrong perception about lending to the poor and many others. Among other remedial measures, investible funds and designing of integrated financial products with the inclusion of micro insurance are essential, these two vital ones along with including the financial linkages between MFIs and formal banking institutions should be adopted for more enhancement. The study confirms that there are several difficulties and challenges, which hinder the MFIs from progressing and achieving their mission in terms of outreach to the poor people.


Sign in / Sign up

Export Citation Format

Share Document