Subscribe
AfricaOTR
  • Login
  • Register
No Result
View All Result
AfricaOTR
No Result
View All Result
AfricaOTR
No Result
View All Result
Home Africa

Impact of micro-finance on women empowerment in Kenya

by Quinter Auma
March 25, 2020
in Africa, Business, Kenya
0
Impact of micro-finance on empowerment

Image source: twitter.com

0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Empowering women is of the key measures to alleviate poverty in Kenya. Micro-finance was introduced to help empower women economically. This method is effective mostly in rural areas in most Kenyan communities. This article highlights the impact of micro-finance on women empowerment in Kenya.

Micro-finance is an emerging tool used to empower women in the new economy. It is important to empower women because this sector of the society contributes significantly towards the economic development of an entire nation.

Effects of micro-finance on women empowerment in Kenya

Poverty eradication

Self-help groups are a significant poverty elimination tool through micro-finance programs in Kenya. This is because self-help groups are moving most women away from poverty towards economic prosperity.

Because of micro-finance programs in Kenya, women have secured employment opportunities. Apart from creating jobs for women, micro-finance programs empower. women economically by financing their initial capitals for starting their businesses.

Most women in Kenya have benefited from micro-finance programs in Kenya because of its promising economic rewards. Because of this, there are hopes for further elimination of poverty in poverty-stricken areas.

Control over resources

Through micro-finance programs, women in Kenya are gaining the power to control resources. Women are more likely to have control over resources because they secure jobs from micro-finance programs. Securing jobs reduces men’s control over women. This is because men control women since their economic status is lower than theirs.

Because micro-finance programs improve the economic status of women, they can control household and other resources.

Participating in micro-finance programs improves women’s access to financial and other economic resources.

Improves women control over the family decision

Because micro-finance programs change women’s position in the family and the society at large, power over decision making also improves. In Kenya, most women had less power to make family decisions. This was because they fully depended on men for economic support.

With the introduction of micro-finance programs, women started to depend on themselves for economic support. Because of this, they can make major decisions concerning family matters.

Improves mobility and legal awareness

Micro-finance programs have improved women’s freedom of mobility. In the past, Kenyan women had less freedom of mobility. Their work was to sit at home and take care of children. Because of this, their knowledge was also very limited.

With the emergence of micro-finance, women in Kenya are knowledgeable in matters concerning family planning which is an important aspect of population control. Besides improved awareness, their freedom of mobility is improving as well.

Gone are the days when women used to stay indoors to wait for their men to bring food to the table. With the introduction of micro-finance, most women are the breadwinners of their families. They move around while participating in micro-finance programs.

Conclusion

Micro-finance has positive effects on women’s empowerment. Through micro-financing, women can secure job opportunities which have improved their socio-economic status in society. Micro-finance is important to eliminating poverty and taking Kenya forward in terms of economic development.

More:

  • Micro-finance and Women Empowerment: Their Space and Opportunity for Poverty Reduction
  • The impact of micro-credit on women’s empowerment: evidence from China
  • The effects of micro-finance on women’s empowerment: new evidence from Bangladesh
Print Friendly, PDF & Email
Tags: #AfricaOTReconomic empoermentKenya developingKenyan economymicrocreditMicrofinancePoverty alleviationwomen empoerment
ADVERTISEMENT
Quinter Auma

Quinter Auma

Related Posts

Libya says Derna mayor and other officials detained after flood

Libya says Derna mayor and other officials detained after flood

by Maliha Hussein
September 25, 2023
0

According to the office of Libya's attorney general, which was announced on Monday, the mayor of the city of Derna,...

Amal Clooney, international leaders call for accountability in Sudan war.

Amal Clooney, international leaders call for accountability in Sudan war.

by Patrick Amoah
September 21, 2023
0

Amal Clooney, a human rights attorney, and world leaders urged greater attention to the Sudanese conflict and accountability in battles...

Congo president asks UN peacekeepers to start packing up this year

Congo president asks UN peacekeepers to start packing up this year

by Patrick Amoah
September 21, 2023
0

President Felix Tshisekedi of the Democratic Republic of the Congo requested that his government expedite the withdrawal of a United...

South African retail sales fell 1.8% year-on-year in July

South African retail sales fell 1.8% year-on-year in July

by Zainab A
September 20, 2023
0

Retail sales in South Africa declined 1.8% in July after a revised 1.8% drop in June, Statistics South Africa reported...

UN: 37 migrants missing after Tunisia-Italy shipwreck

UN raises alarm over child deaths in Sudan as health crisis deepens

by Maliha Hussein
September 19, 2023
0

UN raises alarm over child deaths in Sudan as health crisis deepens. According to United Nations (U.N.) organizations, more than...

Egypt inaugurates newly restored Ottoman mosque at Cairo citadel

Egypt inaugurates newly restored Ottoman mosque at Cairo citadel

by Maliha Hussein
September 17, 2023
0

Egypt recently celebrated the reopening of a mosque originally constructed by the Ottoman governor Suleyman Pasha al-Khadim in the 16th...

Next Post
COVID-19: Liberian youth makes masks from African print.

COVID-19: Liberian youth makes masks from African print.

Please login to join discussion

Trending

Libya says Derna mayor and other officials detained after flood
Africa

Libya says Derna mayor and other officials detained after flood

by Maliha Hussein
September 25, 2023
0

According to the office of Libya's attorney general, which was announced on Monday, the mayor of the city of Derna,...

Read more
Amal Clooney, international leaders call for accountability in Sudan war.

Amal Clooney, international leaders call for accountability in Sudan war.

September 21, 2023
Congo president asks UN peacekeepers to start packing up this year

Congo president asks UN peacekeepers to start packing up this year

September 21, 2023
South African retail sales fell 1.8% year-on-year in July

South African retail sales fell 1.8% year-on-year in July

September 20, 2023
Chinese loans to Africa plummet to near two-decade low – study

Chinese loans to Africa plummet to near two-decade low – study

September 19, 2023
UN: 37 migrants missing after Tunisia-Italy shipwreck

UN raises alarm over child deaths in Sudan as health crisis deepens

September 19, 2023
Egypt inaugurates newly restored Ottoman mosque at Cairo citadel

Egypt inaugurates newly restored Ottoman mosque at Cairo citadel

September 17, 2023
France won’t cut cultural ties with Mali, Niger, Burkina Faso, minister says

France won’t cut cultural ties with Mali, Niger, Burkina Faso, minister says

September 15, 2023

AfricaOTR

Menu

Home

Agriculture

Health

History

Life Style

News

Africa

Links

Subscribe

Privacy Policy

Subscription Plan

Member TOS Page

Join AfricaOTR

Social Media

Categories

Sports

Fashion

Entertainment

Market

© 2023 AfricaOTR | All Rights Reserved

No Result
View All Result
  • Home
  • Agriculture
  • Health
  • History
  • Life Style
  • News
  • Africa
    • Eastern Africa
      • Burundi
      • Comoros
      • Djibouti
      • Ethiopia
      • Eritrea
      • Kenya
      • Madagascar
      • Malawi
      • Mauritius
      • Mozambique
      • Rwanda
      • Seychelles
      • Somalia
      • South Sudan
      • Tanzania
      • Uganda
      • Zambia
      • Zimbabwe
    • Western Africa
      • Benin
      • Burkina Faso
      • Cabo Verde
      • Côte d’Ivoire
      • Gambia
      • Ghana
      • Guinea
      • Guinea-Bissau
      • Liberia
      • Mali
      • Mauritania
      • Niger
      • Nigeria
      • Senegal
      • Sierra Leone
      • Togo
    • Middle Africa
      • Angola
      • Cameroon
      • Central African Republic
      • Chad
      • Congo
      • DR Congo
      • Equatorial Guinea
      • Gabon
      • Sao Tome & Principe
    • Northern Africa
      • Algeria
      • Egypt
      • Libya
      • Morocco
      • Sudan
      • Tunisia
    • Southern Africa

© 2023 AfricaOTR | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In