Understanding impact of microcredit on socio-economic status of women micro-entrepreneurs

Dwivedi, Nivedita; Dwivedi, Amit Kumar

doi:10.1504/ijbg.2022.122668

Cited by 4 publications

(3 citation statements)

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“…Access to microfinance credit led to increase in SMEs' growth to alleviate poverty in rural Zimbabwe. Dwivedi and Kumar (2022) carried out a study on beneficiaries who were members of self help groups (SHGs) and had taken microcredit to run microenterprises in their localities in India. The findings suggest that women become responsible for microcredit, repayments, and maintaining saving accounts.…”

Section: Literature Review and Theoretical Foundation 21 Microfinance...mentioning

confidence: 99%

Credit counselling: a contemporary strategy for survival of micro small and medium-sized enterprises in under-developed financial markets post COVID-19 pandemic

Okello Candiya Bongomin,

Chrysostome,

Nkongolo-Bakenda

et al. 2024

JEPP

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PurposeThe main purpose of this paper is to establish the mediating effect of credit counselling in the relationship between access to microcredit and survival of micro small and medium-sized enterprises (MSMEs) in developing countries in sub-Saharan Africa post COVID-19 pandemic with data collected from rural Uganda.Design/methodology/approachStructural equation modelling (SEM) through SmartPLS 4.0 was used to generate the standardized parameters to test whether credit counselling mediates the relationship between access to microcredit and survival of MSMEs in developing countries in sub-Saharan Africa post COVID-19 pandemic with data collected from rural Uganda.FindingsThe SEM bootstrap results revealed that credit counselling enhances access to microcredit by 27% to promote survival of MSMEs in developing countries in sub-Saharan Africa post COVID-19 pandemic with data collected from rural Uganda.Research limitationsThe current study focused only on women MSMEs. Future studies may possibly collect data from all the MSMEs to draw better generalization of the findings within the sector.Practical implicationsThe findings can help public finance policy to ensure provision of credit counselling to microentrepreneurs who borrow from different financial institutions to reduce the problem of loan defaults and delinquency rampant in lending. This could be done through conducting routine business education and counselling sessions for microentrepreneurs who often need credit to grow their businesses.Originality/valueThis study is amongst the first few studies to establish the mediating effect of credit counselling in the relationship between access to microcredit and survival of MSMEs in developing countries in sub-Saharan Africa in the aftermath of COVID-19 pandemic with data collected from rural Uganda. There is a dearth in literature and theory on the rehabilitative and preventive role of credit counselling in reducing repayment defaults amongst borrowers within the credit market to spur survival of MSMEs seen as the main enabler of economic growth, especially in developing countries. In fact, credit counselling acts as a safety net by substituting financial literacy and education to solve the rampant problem of overindebtedness amongst borrowers who are debt illiterate within the credit market.

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Section: Literature Review and Theoretical Foundation 21 Microfinance...mentioning

confidence: 99%

Credit counselling: a contemporary strategy for survival of micro small and medium-sized enterprises in under-developed financial markets post COVID-19 pandemic

Okello Candiya Bongomin,

Chrysostome,

Nkongolo-Bakenda

et al. 2024

JEPP

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“…[14] also explored SME finance in Africa, but this also lacked special focus on woman-owned enterprises. Then again, [59] deliberated on enhancing climate change resilience through microfinance by redefining the climate finance paradigm to promote inclusive growth in Africa. It is, therefore, evidenced that these studies inadequately address the role of woman-owned small and medium-sized enterprises in economic growth, creating a fascinating direction for future research.…”

Section: Role Of Woman-owned Small and Medium-sized Enterprises In Ec...mentioning

confidence: 99%

Unlocking the Potential of Microfinance Solutions on Urban Woman Entrepreneurship Development in East Africa: A Bibliometric Analysis Perspective

Kato

2023

Sustainability

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Empowering women is essential for poverty alleviation and open involvement of woman entrepreneurs in line for entrepreneurship development. Nonetheless, several woman-led enterprises and woman entrepreneurs have scarce opportunities to revitalize beyond the dearth of financial services to realize financial freedom. This article’s approach hinges on a bibliometric analysis to survey recent developments and trends in microfinancing woman-owned enterprises and how this field is expected to transform to recent financial technological progress over successive years. We review existing evidence from 402 published articles indexed in the Scopus database from January 2003 to March 2023 to explain the current research development and interrelated prospects for enhancing studies on microfinance for woman entrepreneurship. The results vividly indicate that access to a stream of microfinancing credit is fundamental to the prosperity of urban woman-led enterprises across all countries. Despite this, woman entrepreneurs still encounter several obstacles when starting new businesses or expanding existing ones. With a growing demand for substantial sums of external financing to transition to sustainable business practices, their contribution to sustainable development is most often unreachable. Thus, any financing strategies focused on allowing access to microfinance credit by woman entrepreneurs are necessary to enable this sector to receive the benefits of economic freedom. This study offers good insights for current and potential entrepreneurs to bridge the financing gaps in emerging economies as a strategy for strengthening the capability of woman entrepreneurs to pursue economic opportunities that can inspire sustainable business enterprises and contribute to sustainable development. Finally, the study provides a foundation for future research in the domain of entrepreneurial financing for MSMEs.

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“…The term micro-finance was replaced with micro credit by adding new financial services such as insurance, and money transfer along with providing loans to poor people (Tripathi, 2015). Micro-credit is a small-ticket loan offered by micro-finance institutions (MFIs) to the underprivileged for launching businesses (Dwivedi and Dwivedi, 2022). The Mudra Yojana is a micro-credit program in India that is best-suited example of this, which offers loans without collateral to help people establish new businesses or grow existing ones (Agarwala et al , 2022).…”

Section: Introductionmentioning

confidence: 99%

A bibliometric study on the role of micro-finance services in micro, small and medium enterprises

Gora,

Dhingra,

Yadav

2023

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Purpose Micro-finance has a significant role in the better performance of micro, small and medium enterprises (MSMEs). This study aims to provide a comprehensive picture of the existing literature on the role of micro-finance and its approaches in MSMEs. Design/methodology/approach This work performs a bibliometric analysis using a data set of 631 articles collected from the Scopus database. The Bibliometrix R package and Vosviewer are used to conduct performance analysis and scientific mapping. Performance analysis shows the publication trend, key authors, journals and top influential articles. Science mapping through a bibliographic coupling network of documents is prepared to discover the intellectual structure of the field. Findings This review has identified the four major themes: access to finance and schemes, women empowerment and poverty alleviation, the performance of micro-finance institutions and recent development in micro-financial institutions. With the help of these research themes, the paper also highlights future research agendas. Originality/value This paper enriches the understanding of the role of micro-finance services in performance of entrepreneurship with the bibliometric review of top contributors.

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Understanding impact of microcredit on socio-economic status of women micro-entrepreneurs

Cited by 4 publications

References 0 publications

Credit counselling: a contemporary strategy for survival of micro small and medium-sized enterprises in under-developed financial markets post COVID-19 pandemic

Credit counselling: a contemporary strategy for survival of micro small and medium-sized enterprises in under-developed financial markets post COVID-19 pandemic

Unlocking the Potential of Microfinance Solutions on Urban Woman Entrepreneurship Development in East Africa: A Bibliometric Analysis Perspective

A bibliometric study on the role of micro-finance services in micro, small and medium enterprises

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