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Microfinance: A magic bullet for poverty alleviation and empowerment?

Journal Article


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Abstract


  • In contemporary times microfinance is promoted by powerful organisations such

    as the United Nations (UN) and the World Bank as a cutting-edge financial

    innovation that has the potential to meet certain development ends and goals,

    including poverty alleviation and women’s empowerment. Indeed, the UN

    officially declared 2005 the International Year of Microfinance. However,

    research on the impact of microfinance is often conf licting, with certain studies

    providing evidence of the empowering effects of microfinance, and other studies

    analysing its disempowering potentials. Such conflicting perspectives challenge

    the ‘magic bullet’ notion of microfinance and illustrate the richness of research

    in this field. In light of these conflicting viewpoints, the purpose of this special

    issue is to set out a platform for these debates, and to introduce papers appearing

    in this special issue on microfinance. This is a discussion paper exploring key

    issues theoretically. The paper finds that there are many aspects of microfinance

    that should be explored in greater depth in future studies.

Publication Date


  • 2018

Citation


  • Tanima, F. A. & Hidayah, N. N. (2018). Microfinance: A magic bullet for poverty alleviation and empowerment?. Third Sector Review, 24 (2), v-xxvi.

Ro Full-text Url


  • https://ro.uow.edu.au/cgi/viewcontent.cgi?article=2570&context=buspapers

Ro Metadata Url


  • http://ro.uow.edu.au/buspapers/1552

Start Page


  • v

End Page


  • xxvi

Volume


  • 24

Issue


  • 2

Place Of Publication


  • Australia

Abstract


  • In contemporary times microfinance is promoted by powerful organisations such

    as the United Nations (UN) and the World Bank as a cutting-edge financial

    innovation that has the potential to meet certain development ends and goals,

    including poverty alleviation and women’s empowerment. Indeed, the UN

    officially declared 2005 the International Year of Microfinance. However,

    research on the impact of microfinance is often conf licting, with certain studies

    providing evidence of the empowering effects of microfinance, and other studies

    analysing its disempowering potentials. Such conflicting perspectives challenge

    the ‘magic bullet’ notion of microfinance and illustrate the richness of research

    in this field. In light of these conflicting viewpoints, the purpose of this special

    issue is to set out a platform for these debates, and to introduce papers appearing

    in this special issue on microfinance. This is a discussion paper exploring key

    issues theoretically. The paper finds that there are many aspects of microfinance

    that should be explored in greater depth in future studies.

Publication Date


  • 2018

Citation


  • Tanima, F. A. & Hidayah, N. N. (2018). Microfinance: A magic bullet for poverty alleviation and empowerment?. Third Sector Review, 24 (2), v-xxvi.

Ro Full-text Url


  • https://ro.uow.edu.au/cgi/viewcontent.cgi?article=2570&context=buspapers

Ro Metadata Url


  • http://ro.uow.edu.au/buspapers/1552

Start Page


  • v

End Page


  • xxvi

Volume


  • 24

Issue


  • 2

Place Of Publication


  • Australia