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Microcredit, personal empowerment and quality of life of women borrowers – a theoretical framework

The issue of marginalization of women in development, particularly in South Asia, has been highlighted in the development literature. Women in this region are found to be generally poor, lack of education, and have a low quality of life, due to various economic and cultural reasons. Thus, unlocki...

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Main Authors: Fayyaz, Sana, Abdul Hakim, Roslan, Mohd Khan, Shazida Jan
Format: Article
Language:English
Published: Center for Sustainabality Research & Consultancy 2015
Subjects:
HG Finance
HQ The family. Marriage. Woman
Online Access:http://repo.uum.edu.my/22032/1/JBSREE%201%202%202015%2056%2062.pdf
http://repo.uum.edu.my/22032/
http://www.globalcsrc.org/index.php?option=com_azurapagebuilder&view=page&id=61
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spelling my.uum.repo.220322017-05-11T06:44:31Z http://repo.uum.edu.my/22032/ Microcredit, personal empowerment and quality of life of women borrowers – a theoretical framework Fayyaz, Sana Abdul Hakim, Roslan Mohd Khan, Shazida Jan HG Finance HQ The family. Marriage. Woman The issue of marginalization of women in development, particularly in South Asia, has been highlighted in the development literature. Women in this region are found to be generally poor, lack of education, and have a low quality of life, due to various economic and cultural reasons. Thus, unlocking the potentials of these women appears to be a plausible move as this could improve not only their income, but also their quality of life.One such initiative to unlock the potential of these women is micro credit program, where small loan is given to these women to enable them to embark on economic activities, which consequently improve their household income and quality of life.Indeed, there have been many studies that examine the relationship between micro credit and quality of life, and found that there is a positive relationship between micro credit and quality of life of the borrowers (women). However, most of these studies implicitly assume that the impact of micro credit on quality of life is direct, and hence, did not consider the role of other factors in evaluating the impact of micro credit on quality of life. Here, we argue that, the impact of micro credit on quality of life is not direct, but rather indirect.We believe personal empowerment does play an important role in influencing the impact of micro credit on quality of life.The mere availability of micro credit, in our view, did not guarantee a positive impact on quality of life. Rather, the availability of credit to borrowers affects their personal confidence, which consequently affects their level of quality of life.This paper discusses the theoretical framework by which these variables – microcredit, personal empowerment and quality of life – are inter-related. Center for Sustainabality Research & Consultancy 2015 Article PeerReviewed application/pdf en cc4_by_nd http://repo.uum.edu.my/22032/1/JBSREE%201%202%202015%2056%2062.pdf Fayyaz, Sana and Abdul Hakim, Roslan and Mohd Khan, Shazida Jan (2015) Microcredit, personal empowerment and quality of life of women borrowers – a theoretical framework. Journal of Business and Social Review in Emerging Economies, 1 (2). pp. 56-63. ISSN 2519-0326 http://www.globalcsrc.org/index.php?option=com_azurapagebuilder&view=page&id=61
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutionali Repository
url_provider http://repo.uum.edu.my/
language English
topic HG Finance
HQ The family. Marriage. Woman
spellingShingle HG Finance
HQ The family. Marriage. Woman
Fayyaz, Sana
Abdul Hakim, Roslan
Mohd Khan, Shazida Jan
Microcredit, personal empowerment and quality of life of women borrowers – a theoretical framework
description The issue of marginalization of women in development, particularly in South Asia, has been highlighted in the development literature. Women in this region are found to be generally poor, lack of education, and have a low quality of life, due to various economic and cultural reasons. Thus, unlocking the potentials of these women appears to be a plausible move as this could improve not only their income, but also their quality of life.One such initiative to unlock the potential of these women is micro credit program, where small loan is given to these women to enable them to embark on economic activities, which consequently improve their household income and quality of life.Indeed, there have been many studies that examine the relationship between micro credit and quality of life, and found that there is a positive relationship between micro credit and quality of life of the borrowers (women). However, most of these studies implicitly assume that the impact of micro credit on quality of life is direct, and hence, did not consider the role of other factors in evaluating the impact of micro credit on quality of life. Here, we argue that, the impact of micro credit on quality of life is not direct, but rather indirect.We believe personal empowerment does play an important role in influencing the impact of micro credit on quality of life.The mere availability of micro credit, in our view, did not guarantee a positive impact on quality of life. Rather, the availability of credit to borrowers affects their personal confidence, which consequently affects their level of quality of life.This paper discusses the theoretical framework by which these variables – microcredit, personal empowerment and quality of life – are inter-related.
format Article
author Fayyaz, Sana
Abdul Hakim, Roslan
Mohd Khan, Shazida Jan
author_facet Fayyaz, Sana
Abdul Hakim, Roslan
Mohd Khan, Shazida Jan
author_sort Fayyaz, Sana
title Microcredit, personal empowerment and quality of life of women borrowers – a theoretical framework
title_short Microcredit, personal empowerment and quality of life of women borrowers – a theoretical framework
title_full Microcredit, personal empowerment and quality of life of women borrowers – a theoretical framework
title_fullStr Microcredit, personal empowerment and quality of life of women borrowers – a theoretical framework
title_full_unstemmed Microcredit, personal empowerment and quality of life of women borrowers – a theoretical framework
title_sort microcredit, personal empowerment and quality of life of women borrowers – a theoretical framework
publisher Center for Sustainabality Research & Consultancy
publishDate 2015
url http://repo.uum.edu.my/22032/1/JBSREE%201%202%202015%2056%2062.pdf
http://repo.uum.edu.my/22032/
http://www.globalcsrc.org/index.php?option=com_azurapagebuilder&view=page&id=61
_version_ 1644283406593294336
score 13.211869

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