Microfinance and Women’s Economic Empowerment in Ethiopia: Addis Credit and Saving Institution
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Microfinance provides small financial services, such as credits, savings and insurance services to the poor, especially to women. Ethiopian women, like many other women in developing countries, are suffering from poverty, unemployment, lower access to education and financial services, as well as a higher workload with lower payment than their male counterparts. The main aim of this research is to investigate the effects of microfinance on the economic empowerment of women in Ethiopia. Taking the case of Addis Credit and Saving Institution (ADCSI), located in Addis Ababa, the capital of Ethiopia, this study is based on a survey with 178 women using microfinance services from the institution. We asked female clients of ADCSI a series of question about their use of loans, income changes, decision-making on income utilization and other asset ownership, contribution to household expenditure,and control over household income and assets. The findings of the study are in line with some of earlier studies emphasizing more positive aspects of microfinancing for women’s empowerment: it does appear to contribute to women’s economic empowerment by helping them to start and expand their businesses. Most of the clients were using the loans for running their own businesses, which helped them to generate income and decreased their dependency on their husbands or parents. Furthermore, saving habits improved as well as decision-making on various in-house financial issues. In addition, those who took loans more than once even recorded remarkable improvement in both income and real estate ownership. From this point, we can understand that the long-term use of microfinance may bring higher benefits. On the other hand, decision-making on loans, savings, and real estate did not show any particular changes.
Abstract
Microfinance provides small financial services, such as credits, savings and insurance services to the poor, especially to women. Ethiopian women, like many other women in developing countries, are suffering from poverty, unemployment, lower access to education and financial services, as well as a higher workload with lower payment than their male counterparts. The main aim of this research is to investigate the effects of microfinance on the economic empowerment of women in Ethiopia. Taking the case of Addis Credit and Saving Institution (ADCSI), located in Addis Ababa, the capital of Ethiopia, this study is based on a survey with 178 women using microfinance services from the institution. We asked female clients of ADCSI a series of question about their use of loans, income changes, decision-making on income utilization and other asset ownership, contribution to household expenditure,and control over household income and assets. The findings of the study are in line with some of earlier studies emphasizing more positive aspects of microfinancing for women’s empowerment: it does appear to contribute to women’s economic empowerment by helping them to start and expand their businesses. Most of the clients were using the loans for running their own businesses, which helped them to generate income and decreased their dependency on their husbands or parents. Furthermore, saving habits improved as well as decision-making on various in-house financial issues. In addition, those who took loans more than once even recorded remarkable improvement in both income and real estate ownership. From this point, we can understand that the long-term use of microfinance may bring higher benefits. On the other hand, decision-making on loans, savings, and real estate did not show any particular changes.
참고문헌 (33)
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