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Impact of Microfinance Institutions on Economic Empowerment of Women Entrepreneurs in Developing Countries

Author

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  • Fwamba Rashid

    (Kibabii University College, Bungoma, Kenya)

  • Matete John

    (Kibabii University College, Bungoma, Kenya)

  • Nasimiyu Consolatta

    (Kibabii University College, Bungoma, Kenya)

  • Sungwacha Stephen

    (Kibabii University College, Bungoma, Kenya)

Abstract

This study mirrored out the effects of Microfinance on economic empowerment of Women Entrepreneurs in developing economies. Descriptive research design was used to assess the extent to which Women economic empowerment co-relates with Microfinance Institutions services. The target population was women entrepreneurs in Micro Finance Institutions (MFIs) within Kakamega C.B.D. Simple random probability sampling was applied to select ten (10) MFIs where four (4) active women entrepreneurs from each MFI was taken, adding to forty (40) respondents. Both primary and secondary data was collected through questionnaires and semi-structured interviews. Data collected was presented by descriptive statistics like pie charts and graphs. From the analysis, the results showed that microfinance services act as a key fulcrum to women entrepreneurs’ economic empowerment. The results were re-affirmed by a linear regression analysis (SPSS version 22). The findings will be used to make policy proposals that will see MFIs meet the economic empowerment needs of women Entrepreneurs to make developing countries progress as Kenya prepares to achieve vision 2030.

Suggested Citation

  • Fwamba Rashid & Matete John & Nasimiyu Consolatta & Sungwacha Stephen, 2015. "Impact of Microfinance Institutions on Economic Empowerment of Women Entrepreneurs in Developing Countries," International Journal of Management Science and Business Administration, Inovatus Services Ltd., vol. 1(10), pages 45-55, September.
    • Handle: RePEc:mgs:ijmsba:v:1:y:2015:i:10:p:45-55
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    References listed on IDEAS

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    1. J. Copestake & S. Bhalotra & S. Johnson, 2001. "Assessing the Impact of Microcredit: A Zambian Case Study," Journal of Development Studies, Taylor & Francis Journals, vol. 37(4), pages 81-100.
    2. Beatriz Armendariz & Jonathan Morduch, 2007. "The Economics of Microfinance," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262512017, April.
    3. Beatriz Armendáriz de Aghion & Jonathan Morduch, 2000. "Microfinance Beyond Group Lending," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 8(2), pages 401-420, July.
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    Cited by:

    1. Areeba Khan & Junaina Muhammad, 2018. "Islamic Microfinance as a Public Good in the Competitive Economy: Issues and Challenges," MIC 2018: Managing Global Diversities; Proceedings of the Joint International Conference, Bled, Slovenia, 30 May–2 June 2018,, University of Primorska Press.
    2. Srimoyee Datta & Tarak Nath Sahu, 2017. "An Empirical Study on the Impact of Microfinance on Women Empowerment: Evidence from West Bengal," Indian Journal of Commerce and Management Studies, Educational Research Multimedia & Publications,India, vol. 8(3), pages 53-62, September.

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    More about this item

    Keywords

    Economic empowerment; Entrepreneurship; Developing economies and entrepreneurship; Kenya;
    All these keywords.

    JEL classification:

    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General

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