Surveillance of the poor in a socio-financial enclosure: a critical analysis of Zidisha.org

Yartey, Franklin Nii Amankwah; Birzescu, Anca

doi:10.1080/09614524.2015.1082535

Cited by 3 publications

(2 citation statements)

References 24 publications

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“…A peer-to-peer [33] microfinance platform that connects lenders directly with borrowers in developing countries, enabling them to access affordable loans for business and personal needs [34].…”

Section: Zidishamentioning

confidence: 99%

Navigating the path to economic empowerment: overcoming challenges in digital platforms for economic empowerment

Otuma O. Andako

2023

World J. Adv. Res. Rev.

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This paper presents a comprehensive survey of the challenges faced by economic empowerment digital platforms. As these online platforms revolutionize the economic landscape, they encounter various hurdles that hinder their potential for fostering financial inclusion and empowerment. Through an extensive analysis of existing literature and empirical studies, this survey identifies and categorizes the key challenges faced by these platforms. The survey reveals that regulatory frameworks pose significant obstacles to economic empowerment digital platforms. Issues such as unclear or outdated regulations, varying legal requirements across jurisdictions, and the need for compliance with consumer protection and data privacy laws hinder platform operations and expansion. Moreover, the absence of standardized regulations often leads to legal uncertainties and challenges in ensuring fair competition. Furthermore, the survey highlights the persistent challenge of trust and reputation management within economic empowerment digital platforms. As these platforms rely heavily on user-generated content and interactions, establishing trust among users becomes critical. Issues such as fraudulent activities, identity verification, and dispute resolution mechanisms emerge as key challenges that platforms must address to maintain user trust and credibility. The survey also addresses the technological challenges faced by economic empowerment digital platforms. Issues such as cybersecurity threats, data breaches, and privacy concerns pose significant risks to both platform operators and users. Platforms must invest in robust security measures and adopt innovative technologies to mitigate these challenges and safeguard user information and transactions. Additionally, the survey examines challenges related to financial inclusion and accessibility. Despite the potential for economic empowerment, certain groups, such as individuals from low-income communities or those lacking digital literacy, may face barriers in accessing and utilizing these platforms. Bridging the digital divide and ensuring equal opportunities for all individuals to participate and benefit from these platforms remains an ongoing challenge. Finally, the survey highlights the need for collaboration and cooperation among stakeholders. Platform operators, policymakers, regulatory bodies, and user communities must engage in constructive dialogue to address the challenges faced by economic empowerment digital platforms effectively. Collaborative efforts can lead to the development of regulatory frameworks, industry standards, and best practices that foster a conducive environment for these platforms to thrive.

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Section: Zidishamentioning

confidence: 99%

Navigating the path to economic empowerment: overcoming challenges in digital platforms for economic empowerment

Otuma O. Andako

2023

World J. Adv. Res. Rev.

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“…In a recent study conducted in Cambodia, Bylander () provided evidence that low income groups with a lack of assets and opportunities struggle to repay their microcredit loans, forcing them to repay through waged labour both within and outside the country (Bylander, ). In a similar vein, Chowdhury et al () stated poor households simply become poorer through the additional burden of debt while Yartey and Birzescu () stated that borrowers were subjected to various levels of surveillance as they struggle to pay back loans. On the contrary, Nkamnebe and Idemobi () suggested that low income people obtain credit with the intention of nonpayment, suggesting low income groups are irresponsible and unreliable borrowers (not creditworthy).…”

Section: Review Of Literaturementioning

confidence: 99%

Use of microcredit for household income and consumption smoothing by low income communities

Wickramasinghe

Fernando

2017

Int J Consumer Studies

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This paper discusses findings of a study that investigated income, savings and consumption patterns of low income people and critical factors that influence the use of microcredit-a form of small instant loans targeted for low income people-for household income and consumption smoothing. The sample of the study consisted of households from low income communities living in a lower-middle income country-Sri Lanka. It was found that microcredit borrowers were using the loans for purposes that can be identified as income and consumption smoothing, which is beyond the ideas and intended practice of microcredit. The findings suggest that the consequences of using microcredit for income and consumption smoothing could be costly for households and the society at large.

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Financial untouchability: a polysemic narrative of digital financial inclusion in Modi’s India

Ertürk

Indradeep²,

Shah³

2021

Journal of Cultural Economy

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Financial untouchability: a polysemic narrative of digital financial inclusion in Modi's IndiaStep into a bank, step out of poverty. (Joshi 2013) "Being a part of the economic system is a major step towards fighting poverty. If people are kept out of it, then this is called 'financial untouchability '....... Therefore, as Mahatma Gandhi fought against social untouchability, we will also need to free ourselves of financial untouchability to become free of poverty." (Modi 2014

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Surveillance of the poor in a socio-financial enclosure: a critical analysis of Zidisha.org

Cited by 3 publications

References 24 publications

Navigating the path to economic empowerment: overcoming challenges in digital platforms for economic empowerment

Navigating the path to economic empowerment: overcoming challenges in digital platforms for economic empowerment

Use of microcredit for household income and consumption smoothing by low income communities

Financial untouchability: a polysemic narrative of digital financial inclusion in Modi’s India

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