Micro-insurance: A mechanism for women empowerment through self help group linked LIC

Amudha, R.; Selvabaskar, S.; Motha, L. Cresenta Shakila

doi:10.1109/icsemr.2014.7043613

Cited by 6 publications

(4 citation statements)

References 1 publication

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“…Micro-insurance is one of the essential services of microfinance institutions and is the purchase of assets for businesses with insurance cover, but this service is ignored by many commercial banks (Najmi, Bashir, & Zia, 2015). A study in India found that insurance is one of the instruments that mitigate the effects of vulnerability (environmental disasters) (Amudha, Selvabaskar, & Motha, 2014). An increase in protection from natural disasters increases the likelihood of the success of women's micro-enterprises.…”

Section: Hypothesis Developmentmentioning

confidence: 99%

Environmental disaster and women self‐sustainability—A survey study on microfinance female clientele in Pakistan

et al. 2020

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The prime objective of this study is to investigate the role of microfinance institutions towards women's self‐sustainability in Pakistan because women are the most vulnerable community in Pakistan and in the world, too. Due to various issues like gender discrimination, women's self‐sustainability is quite low, and this accounts for the negligible contribution of women in Pakistan's economy (up to 20 to 25%). In addressing this issue, the current study adopted a quantitative research approach and cross‐sectional research design. By using a survey questionnaire, data were collected from female clients of microfinance institutions during May 1, 2018 to August 30, 2018. SmartPLS 3 was utilized to analyse the data. The results of the inquiry revealed that microfinance institutions have an essential role to play in promoting women's self‐reliance. With the help of micro‐enterprises for women, services offered by microfinance institution such as micro‐credit, micro‐savings, micro‐insurance, micro‐training and social capital have a major role in developing women's self‐sustainability. However, an environmental disaster is one of the crucial factors, which limits the positive contribution of microfinance institutions towards women's self‐sustainability. Our thorough research and knowledge on the subject indicates that the current study is the pioneer study that has investigated microfinance institutions as major facilitators of women's self‐reliance but which has been limited by many factors such as environmental disasters. Hence, the current study appears salient for microfinance institutions, the government of Pakistan and other practitioners that desire to boost women's self‐sustainability.

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Section: Hypothesis Developmentmentioning

confidence: 99%

Environmental disaster and women self‐sustainability—A survey study on microfinance female clientele in Pakistan

et al. 2020

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“…Although the current study revealed a positive impact of micro-insurance on women's empowerment, it lacks statistical evidence to support the said relationship. Nevertheless, previous studies such as Amudha et al (2014) stated that micro-insurance could produce a win-win situation to reduce poverty through methodical risk management (Chandrarathna (2021) has produced a similar result which again proved that micro-insurance created a positive impact on women entrepreneurs. Some research such as Bernard (2017) has stated that there is no connection between micro-insurance and the empowerment of women, which supports the findings of the current study.…”

Section: Overall Modelmentioning

confidence: 75%

Exploring the Post-Covid pathway of microfinance on women’s empowerment

Tharanga,

Abeygunawardane,

Dias

et al. 2023

Sri Lankan J. Banking & Finance

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Having access to microfinance institutions in Sri Lanka, Poor women in the country have opened up to diverse microfinance services and supported them in growing economically while enhancing gender equality, health, level of education, etc. Microfinance institutions provide both financial and non-financial services and it has a significant effect in eradicating poverty and empowering women. With the effect of the COVID-19 crisis, almost all the sectors were severely affected in every aspect and the poor women of the country was one of the key parties. Thus, the primary aim of this study is to explore the post-COVID pathway of Microfinance on Women's Empowerment. Concerning the study, Sri Lankan microfinance services can be classified into five categories: micro-credit, micro-savings, micro-insurance, business support, and skills development. This study focused on determining the effect of micro-credit, micro-savings, micro-insurance, and training on women's empowerment after the COVID-19 pandemic. The study adopts a quantitative research methodology to explore the impact of microfinance on women's empowerment. An empirical investigation was carried out among a sample of 100 women selected in the Kurunegala District of Sri Lanka who were receiving microfinance services and training programs. A self-administered questionnaire was the key data collection method, which had been built on a five-point Likert scale. The data were analyzed with the aid of the SPSS Statistical Package. Correlation and Multiple Regression analysis were the key statistical techniques used to test the hypothesis. The findings have confirmed that micro-credit, micro-savings, and training have a significant positive impact on women's empowerment after the COVID-19 crisis where micro-insurance was not statistically significant. Based on the results, training offered by microfinance institutions for these poor women to sharpen up their income-generating mechanisms from obtaining microfinance services has the highest impact in empowering them. Thus, the study contributes key microfinance factors to empower women economically, socially, and politically which would in turn create a social implication of eradicating poverty and economic development after the COVID-19 crisis.

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“…Second, the socialisation of the FINAGRO-APP formed an additional aspect to be analysed in this study. Self-help groups may contribute toward effectively providing the rural community’s access to ICT, as well as more weaving into social networks and practices, which has been demonstrated in India, especially in women (Amudha et al ., 2014; Das et al ., 2013). Self-help groups could still provide stronger support for the sustainability of rural financial inclusion apps.…”

Section: Discussionmentioning

confidence: 99%

A financial inclusion app and USSD service for farmers in rural Colombia

Nova

González

2022

Information Development

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This study reports the implementation of a financial inclusion app for farmers in rural Colombia. Stemming from the triple helix initiative, this study aims to make public financing instruments more readily available to farmers. Through a design science research approach, the app was collaboratively conceived, designed, implemented, and evaluated. We provide this reflective design as a case study of how a combination of triple helix collaboration, design science, and agile software development contributes toward the creation of context-oriented artefacts. The app could potentially benefit rural farmers to obtain information regarding the credit access, which is traditionally delivered in face-to-face meetings with bank staff. The findings provided evidence of the benefits and ease of use of the app, including certain affordances and constraints that are perceived by farmers. Moreover, factors such as technology literacy, experience using information and communication technologies (ICT), trust in technology, age of farmers, and mediation suggest that we should consider both material features of technology and social determinants for adoption in case of designing ICTs for rural communities.

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Micro-insurance: A mechanism for women empowerment through self help group linked LIC

Cited by 6 publications

References 1 publication

Environmental disaster and women self‐sustainability—A survey study on microfinance female clientele in Pakistan

Environmental disaster and women self‐sustainability—A survey study on microfinance female clientele in Pakistan

Exploring the Post-Covid pathway of microfinance on women’s empowerment

A financial inclusion app and USSD service for farmers in rural Colombia

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