Download full text
(849.5Kb)
Citation Suggestion
Please use the following Persistent Identifier (PID) to cite this document:
https://nbn-resolving.org/urn:nbn:de:0168-ssoar-56321-8
Exports for your reference manager
Financial Inclusion: Nigeria's Microfinance Model Effect Assessment on Women Empowerment
[journal article]
Abstract This study ascertained the significant effectiveness of Nigeria’s microfinance model of financial inclusion on women empowerment. Following reforms in the financial system geared towards enhancing women financial inclusion and digitalization of financial products and services, its effect on women em... view more
This study ascertained the significant effectiveness of Nigeria’s microfinance model of financial inclusion on women empowerment. Following reforms in the financial system geared towards enhancing women financial inclusion and digitalization of financial products and services, its effect on women empowerment becomes imperative. Specifically, we evaluated the effect of available microfinance banks’ products in rural communities via rent savings, child education, new born and daily savings account on women empowerment. A descriptive survey design was utilized to realize our objective. Two hundred (200) questionnaires were distributed to respondents, out of which one hundred and ninety (190) were fully completed and used for the analysis. After checking for internal reliability of the responses through the Alpha Cronbach’s test, we proceeded to applying Pearson correlation and regression estimations. From the regression estimation, we identified a positive and significant relationship between women empowerment and microfinance banks’ products: rent savings, child education, new born and daily savings account. Thus, microfinance model is a policy in the right direction that will result in more financial inclusion of the women population especially, in rural communities. Subsequently, we recommend the creation of more women tailored products by microfinance banks. This will avail them the opportunity to choose from variety of products and services that specifically suit their needs. Furthermore, collateral for women to access finance from these microfinance banks should be community/socially based rather than individually based.... view less
Keywords
Nigeria; microfinance; woman; empowerment; lending; savings; deprivation; gender-specific factors; participation; developing country; Africa South of the Sahara
Classification
Women's Studies, Feminist Studies, Gender Studies
Sociology of Developing Countries, Developmental Sociology
Free Keywords
financial inclusion; microfinance products
Document language
English
Publication Year
2018
Page/Pages
p. 55-77
Journal
European Journal of Human Resource Management Studies, 1 (2018) 2
ISSN
2601-1972
Status
Published Version; peer reviewed