Sakhee R Ganatra | University of Warwick (original) (raw)
Address: London, England, United Kingdom
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Through a consideration of the impact of microfinance in both Bangladesh and India, this essay wi... more Through a consideration of the impact of microfinance in both Bangladesh and India, this essay will argue that, when used correctly, microfinance does significantly contribute to the empowerment of women living in the developing world. This will be done through an analysis of the economic effects of loans and savings, the political dimension to microfinance in terms of the neo-liberal agenda and the public/private divide and the social consequences of microfinance in regards to the ‘solidarity circles’, relations within the household, the ‘double burden’ and self-empowerment. The final section of the essay will argue that with greater regulation and funding of the microfinance industry and the use of other development tools, the most important being education, microfinance will continue to empower women living in the developing world.
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Through a consideration of the impact of microfinance in both Bangladesh and India, this essay wi... more Through a consideration of the impact of microfinance in both Bangladesh and India, this essay will argue that, when used correctly, microfinance does significantly contribute to the empowerment of women living in the developing world. This will be done through an analysis of the economic effects of loans and savings, the political dimension to microfinance in terms of the neo-liberal agenda and the public/private divide and the social consequences of microfinance in regards to the ‘solidarity circles’, relations within the household, the ‘double burden’ and self-empowerment. The final section of the essay will argue that with greater regulation and funding of the microfinance industry and the use of other development tools, the most important being education, microfinance will continue to empower women living in the developing world.