Effects of microfinance and small loans centre on poverty reduction in Wa West District, Ghana

Sulemana, Mohammed; Fuseini, Moses Naiim; Abdulai, Ibrahim Abu

doi:10.1016/j.heliyon.2023.e22685

Cited by 5 publications

(1 citation statement)

References 26 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…As people grapple with the demanding situations of current life, the amalgamation of intellectual and physical properly-being emerges as a essential axis around which each day picks orbit. This research seeks to embark on a comprehensive exploration, delving into the multifaceted effect of adopting a wholesome way of life on each character and community-stage fitness (Sulemana et al, 2023).…”

Section: Introductionmentioning

confidence: 99%

Latest Analysis: Innovative Strategies to Improve Public Health and Prevent Chronic Diseases

Truong

2023

JAMRMHSS

View full text Add to dashboard Cite

This research aims to investigate the positive effect of a healthy lifestyle on the mental and bodily fitness of the community. Utilizing an interdisciplinary method, the study entails an in-intensity evaluation of the connection between wholesome ingesting styles, normal physical activity, and pressure control on the mental nicely-being and bodily condition of people. The studies method consists of a extensive survey to acquire data from diverse age businesses and backgrounds. Additionally, a complete literature assessment is employed to construct a conceptual framework supporting the studies findings. The results of this look at are predicted to provide new insights into revolutionary strategies for improving public fitness and preventing persistent diseases. In this context, the research not most effective identifies healthy practices which have the ability to increase lifespan and enhance great of existence but also offers concrete pointers for the implementation of public fitness rules that specialize in promoting a healthy lifestyle. The practical implications of those findings are predicted to significantly make contributions to the development of the healthcare machine and normal network properly-being.

show abstract

Section: Introductionmentioning

confidence: 99%

Latest Analysis: Innovative Strategies to Improve Public Health and Prevent Chronic Diseases

Truong

2023

JAMRMHSS

View full text Add to dashboard Cite

show abstract

Economic outcomes among microfinance group members receiving community-based chronic disease care: Cluster randomized trial evidence from Kenya

Wilson-Barthes,

Steingrimsson,

Lee

et al. 2024

Social Science & Medicine

View full text Add to dashboard Cite

The chronic illness of poverty: the effects of microfinance on the severity of poverty and the cost of its eradication

Hailat,

Alomari,

Bashayreh

2024

JES

View full text Add to dashboard Cite

PurposeThis paper investigates the impact of microfinance on poverty gap which is the shortfall in income or consumption expenditures below $1.90, $3.20 and $5.50 per day. The paper’s primary goal is to investigate how microloans have impacted the severity of poverty and influenced the cost of poverty eradication in Latin America, empirically evaluate these effects and offer appropriate policy recommendations.Design/methodology/approachThis paper used panel data for 13 Latin American countries from world bank spanning the period 2001–2019 and Fully Modified Ordinary Least Squares model for heterogeneous cointegrated panels. This study used Gross Loan Portfolio per active borrowers, gross domestic product per capita, Gini index, Inflation and Unemployment rate as independent variables and poverty gaps as dependent variables.FindingsPoverty gaps narrow as the loan per borrower increases, and the degree of effect differs with the poverty line, with the magnitude increasing as the poverty line falls, underscoring microloans as an effective tool in closing poverty gaps and lowering the cost of poverty eradication. Growth of GDP per capita is helpful reducing the poverty gap, especially for the less poor of the poor. Inflation and unemployment have no to little impact on the severe poverty gaps, but they start to matter when the poverty line is $5.5 per day. Finally, income distribution inequality widens the poverty gap regardless of the poverty line used.Originality/valueThis study suggests several implications. For example, Latin American nations need to embrace tangible policies that encourage economic growth while reducing inequalities in income distribution to effectively eradicate poverty. More supportive environment is necessary to increase the effectiveness of microfinance operations, particularly for the poorest populations. Microfinance institutions need to set less stringent conditions for loan accessibility and repayment schedules that are commensurate with different levels of poverty. Finally, strengthening microfinance as a strategic policy to gradually close poverty gaps and reduce the cost of poverty eradication.

show abstract

Effects of microfinance and small loans centre on poverty reduction in Wa West District, Ghana

Cited by 5 publications

References 26 publications

Latest Analysis: Innovative Strategies to Improve Public Health and Prevent Chronic Diseases

Latest Analysis: Innovative Strategies to Improve Public Health and Prevent Chronic Diseases

Economic outcomes among microfinance group members receiving community-based chronic disease care: Cluster randomized trial evidence from Kenya

The chronic illness of poverty: the effects of microfinance on the severity of poverty and the cost of its eradication

Contact Info

Product

Resources

About