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Year 2016, , 1131 - 1135, 01.10.2016
https://doi.org/10.24289/ijsser.278989

Abstract

References

  • Biswas, S. (2010, December 16). India’s Microfinance Suicide Epidemic. BBC News. Retrieved from http://www.bbc.co.uk/news/world-south-asia-11997571
  • Buğra A. (2007). Yoksullukla Mücadele Yöntemi Olarak Mikrokredi: Acıklı Bir Hikaye. Boğaziçi Sosyal Politika Forumu, 2, 1-4.
  • Fukuyama, F. (2001). Social capital, civil society and development. Third World Quarterly, 22(1), 7-20.
  • Karim L. 2008. Demystifying Micro-Credit: The Grameen Bank, NGOs, and Neoliberalism in Bangladesh. Cultural Dynamics, 20 (1), 5-29.
  • Mason, A. D. King, Elizabeth M. (2001). Engendering Development Through gender Equality in Rights, Resources and Voice. A World Bank policy research report. Washington DC; World Bank. Retrieved from http://documents.worldbank.org/curated/en/ 512911468327401785 /Engendering-development-through-gender-equality-in-rights-resources-and-voice.
  • Mayoux, L. 2001. Tackling the Downside: Social Capital, Women’s Empowerment and Micro-Finance in Cameroon, Development and Change, 32, 421-450.
  • Pillai N., Vijayamohanan, B. P. , Asalatha and B., Ponnuswamy. (2009). Women in Development – Dissecting the Discourse. MPRA Paper No. 13119. India: Center for Development Studies. Retrieved from http://mpra.ub.uni-muenchen.de/13119/1/MPRA_ paper_13119.pdf.
  • Putnam, R.D., Leonardi, R., and Nanetti, R.Y. 1993. Making Democracy Work: Civic Traditions in Modern Italy. Princeton, N.J.: Princeton University Press.
  • Rankin, K. (2001). Governing Development: Neoliberalism, Microcredit, and Rational Economic Women. Economy and Society, 30 (1), 18–37.
  • Rankin, K. (2002). Social Capital, Microfinance, and the Politics Of Development. Feminist Economics, 8 (1), 1–24.
  • Reeves, H. and Baden S. (2000). Gender and Development: Concepts and Definitions. BRIDGE Report 55, February 2000. Brighton, UK: Institute of Development Studies, University of Sussex. Retrieved from http://www.bridge.ids.ac.uk/reports/re55.pdf.
  • Shahrashoub Razavi, S. and Miller C. (1995). From WID to GAD: Conceptual Shifts in the Women and Development Discourse, UNRSD Occasional Paper 1, February 1995, 1-55, United Nations Research Institute for Social Development. Retrieved from http://www.unrisd.org/80256B3C005BCCF9/(httpPublications)/D9C3FCA78D3DB32E80256B67005B6AB5.
  • UNCDF. (2005). Microfinance and the Millennium Development Goals: A reader’s guide to the Millennium Project Reports and other UN documents, October 2005. Retrieved from http://www.yearofmicrocredit.org/docs/mdgdoc_MN.pdf.
  • UNDP. n.d. Women’s Empowerment. Retrieved from http://www.undp.org/content /undp/en/home/ourwork/womenempowerment/overview.html
  • Yunus, M. (2006). Nobel Lecture Oslo, December 10, 2006. Retrieved from http://www.nobelprize.org/nobel_prizes/peace/laureates/2006/yunus-lecture-en.html.

Microcredit programs: Objectives and functions

Year 2016, , 1131 - 1135, 01.10.2016
https://doi.org/10.24289/ijsser.278989

Abstract

Microcredit programs mostly target poor women who do not have access to credit in the formal financial system because they lack the necessary collateral or formal employment, which secure a stream of future income. It is believed that the poor women can use the credit as some sort of seed money to turn themselves into entrepreneurs, even at a small scale. Since the founder of the microcredit programs Muhammed Yunus won the Nobel Prize in Economics, we have been hearing about the success of the programs. It is widely argued that this is not only an institutionalization of a welfare mechanism, which otherwise would be a burden on the state resources, but also a means to empower women. However, there are also serious criticisms against these programs. One group of critics argues that there is no solid evidence that supports the success of microcredit programs in reducing poverty and those successful examples we hear are only a few exceptions to the majority of the credit users who do remain impoverished. Another group of critics draw attention to a particular subjectivity created by these programs in the developing countries. Such subjectivity can be described as agents responsible for their own well-being, as woman entrepreneurs who invest wisely, work hard, and rely only on their own efforts to take care of themselves and their families. Yet, such critics continue, neither this subjectivity nor access to finance through microcredit can challenge existing social hierarchies as ideological barriers to gender transformation are quite strong.

References

  • Biswas, S. (2010, December 16). India’s Microfinance Suicide Epidemic. BBC News. Retrieved from http://www.bbc.co.uk/news/world-south-asia-11997571
  • Buğra A. (2007). Yoksullukla Mücadele Yöntemi Olarak Mikrokredi: Acıklı Bir Hikaye. Boğaziçi Sosyal Politika Forumu, 2, 1-4.
  • Fukuyama, F. (2001). Social capital, civil society and development. Third World Quarterly, 22(1), 7-20.
  • Karim L. 2008. Demystifying Micro-Credit: The Grameen Bank, NGOs, and Neoliberalism in Bangladesh. Cultural Dynamics, 20 (1), 5-29.
  • Mason, A. D. King, Elizabeth M. (2001). Engendering Development Through gender Equality in Rights, Resources and Voice. A World Bank policy research report. Washington DC; World Bank. Retrieved from http://documents.worldbank.org/curated/en/ 512911468327401785 /Engendering-development-through-gender-equality-in-rights-resources-and-voice.
  • Mayoux, L. 2001. Tackling the Downside: Social Capital, Women’s Empowerment and Micro-Finance in Cameroon, Development and Change, 32, 421-450.
  • Pillai N., Vijayamohanan, B. P. , Asalatha and B., Ponnuswamy. (2009). Women in Development – Dissecting the Discourse. MPRA Paper No. 13119. India: Center for Development Studies. Retrieved from http://mpra.ub.uni-muenchen.de/13119/1/MPRA_ paper_13119.pdf.
  • Putnam, R.D., Leonardi, R., and Nanetti, R.Y. 1993. Making Democracy Work: Civic Traditions in Modern Italy. Princeton, N.J.: Princeton University Press.
  • Rankin, K. (2001). Governing Development: Neoliberalism, Microcredit, and Rational Economic Women. Economy and Society, 30 (1), 18–37.
  • Rankin, K. (2002). Social Capital, Microfinance, and the Politics Of Development. Feminist Economics, 8 (1), 1–24.
  • Reeves, H. and Baden S. (2000). Gender and Development: Concepts and Definitions. BRIDGE Report 55, February 2000. Brighton, UK: Institute of Development Studies, University of Sussex. Retrieved from http://www.bridge.ids.ac.uk/reports/re55.pdf.
  • Shahrashoub Razavi, S. and Miller C. (1995). From WID to GAD: Conceptual Shifts in the Women and Development Discourse, UNRSD Occasional Paper 1, February 1995, 1-55, United Nations Research Institute for Social Development. Retrieved from http://www.unrisd.org/80256B3C005BCCF9/(httpPublications)/D9C3FCA78D3DB32E80256B67005B6AB5.
  • UNCDF. (2005). Microfinance and the Millennium Development Goals: A reader’s guide to the Millennium Project Reports and other UN documents, October 2005. Retrieved from http://www.yearofmicrocredit.org/docs/mdgdoc_MN.pdf.
  • UNDP. n.d. Women’s Empowerment. Retrieved from http://www.undp.org/content /undp/en/home/ourwork/womenempowerment/overview.html
  • Yunus, M. (2006). Nobel Lecture Oslo, December 10, 2006. Retrieved from http://www.nobelprize.org/nobel_prizes/peace/laureates/2006/yunus-lecture-en.html.
There are 15 citations in total.

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Cagla Diner This is me

Publication Date October 1, 2016
Published in Issue Year 2016

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APA Diner, C. (2016). Microcredit programs: Objectives and functions. International Journal of Social Sciences and Education Research, 2(4), 1131-1135. https://doi.org/10.24289/ijsser.278989
AMA Diner C. Microcredit programs: Objectives and functions. International Journal of Social Sciences and Education Research. November 2016;2(4):1131-1135. doi:10.24289/ijsser.278989
Chicago Diner, Cagla. “Microcredit Programs: Objectives and Functions”. International Journal of Social Sciences and Education Research 2, no. 4 (November 2016): 1131-35. https://doi.org/10.24289/ijsser.278989.
EndNote Diner C (November 1, 2016) Microcredit programs: Objectives and functions. International Journal of Social Sciences and Education Research 2 4 1131–1135.
IEEE C. Diner, “Microcredit programs: Objectives and functions”, International Journal of Social Sciences and Education Research, vol. 2, no. 4, pp. 1131–1135, 2016, doi: 10.24289/ijsser.278989.
ISNAD Diner, Cagla. “Microcredit Programs: Objectives and Functions”. International Journal of Social Sciences and Education Research 2/4 (November 2016), 1131-1135. https://doi.org/10.24289/ijsser.278989.
JAMA Diner C. Microcredit programs: Objectives and functions. International Journal of Social Sciences and Education Research. 2016;2:1131–1135.
MLA Diner, Cagla. “Microcredit Programs: Objectives and Functions”. International Journal of Social Sciences and Education Research, vol. 2, no. 4, 2016, pp. 1131-5, doi:10.24289/ijsser.278989.
Vancouver Diner C. Microcredit programs: Objectives and functions. International Journal of Social Sciences and Education Research. 2016;2(4):1131-5.

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