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Assessing the Impact of Microfinance Services on the Economic Transformation of Women in Nepal

Bharatram Dhungana|Laxmi Kanta Sharma|Bhumika Adhikari
지역개발연구소 (The Center for Regional Development)|2022.12|지역개발연구 (The Studies in Regional Development) (The Studies in Regional Development)|제54권 제3호|pp. 27-46|DOI 10.35526/srd.2022.54.3.002

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키워드

Economic TransformationRegulatory Authority경제적 변화Microfinance ServicesUnbanked People소액금융서비스규제 당국은행 계좌가 없는 사람

초록

Microfinance is an essential strategy for promoting financial independence and inclusion for people living in poverty by helping them improve their household income, acquire assets, and reduce their vulnerability through accessible financial services. This study aims to assess the impact of microfinance services on the economic transformation of women living in the Kaski district of Nepal. The study was confined to NESDO microfinance clients who have been involved for at least five years. The survey is based on primary sources and includes 215 randomly selected clients. The study finds a significant impact of microfinance services on household income, employment development, asset formation, saving behaviors, and consumer spending of clients. Although microfinance institutions are powerful tools for socio-economic change, they do not reach the most disadvantaged. So, the regulatory authority needs to devise a good plan to help more poor and unbanked people get microfinance services. The government should establish a supportive environment that can aid microfinance institutions in providing microcredit and using it in beneficial ways.

Abstract

Microfinance is an essential strategy for promoting financial independence and inclusion for people living in poverty by helping them improve their household income, acquire assets, and reduce their vulnerability through accessible financial services. This study aims to assess the impact of microfinance services on the economic transformation of women living in the Kaski district of Nepal. The study was confined to NESDO microfinance clients who have been involved for at least five years. The survey is based on primary sources and includes 215 randomly selected clients. The study finds a significant impact of microfinance services on household income, employment development, asset formation, saving behaviors, and consumer spending of clients. Although microfinance institutions are powerful tools for socio-economic change, they do not reach the most disadvantaged. So, the regulatory authority needs to devise a good plan to help more poor and unbanked people get microfinance services. The government should establish a supportive environment that can aid microfinance institutions in providing microcredit and using it in beneficial ways.

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