MICROFINANCE AND WOMEN EMPOWERMENT IN MADINA IN ACCRA, GHANA
Journal Title: Asian Economic and Financial Review - Year 2017, Vol 7, Issue 3
Abstract
Among the main objectives of microfinance intervention is to help women entrepreneurs grow their businesses and hence enhance their socio-economic well-being. The study therefore was conducted to assess the effect of microfinance on socio-economic well-being of women (or women empowerment) in Madina in the Greater Accra region of Ghana. The study employed a survey design. By employing purposive, systematic and simple random sampling techniques, interviewer-administered questionnaire was used to collect data from 300 women micro-credit beneficiaries in the Madina in Accra,Ghana. SPSS was used to run regression to examine the correlation between microfinance and profit and hence economic well-being of the women entrepreneurs. It was found that microfinance indeed has a direct correlation with Profit and hence socio-economic well-being of women (women empowerment). Stated differently it was revealed that Microfinance has positively impacted on the women?s Profit, businesses and hence their socio-economic-wellbeing. However, there was a reasonable percentage of respondents who indicated that microfinance has rather made them worse off.
Authors and Affiliations
Alex Addae-Korankye*| Central Business School, Central University, Accra, Ghana, Alex Abada| Central Business School, Central University, Accra, Ghana
Keywords
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