GTAP Resources: Resource Display
| GTAP Resource #4454 |
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"The role of microfinance institutions in supporting women microenterprises in urban Sudan" by Siddig, Khadra, Khalid Siddig and Mohamed Osman Hegazi Abstract Microfinance implies provision of financial services to poor and low-income individuals who have no access to formal financial services. Access to services such as, credit, venture capital and insurance is provided on a micro-scale enabling participation of those with severely limited financial means in small businesses. It improves poor household income and economic security, build assets and reduce vulnerability. It also generates demand for other goods and stimulates local economies (IFSB, 2007). There has been a steady growth in the numbers of micro and small enterprises in Sudan, in response not only to the growing demand among poor and low-income groups for their products and services, which are provided at reasonable cost, with easy accessibility, but also as a result of an economic situation that has led greater numbers of people to seek employment in this sector. As the sector has grown, there has been a reciprocal growth in the demand for microfinance. Microfinance providers in Sudan have shown impressive contribution in delivering financial services to the poor and their enterprises. Microfinance institutions enable poor low-income households to develop their microenterprises, which enhance their income earning capacity, and improve their living standard (Siddig, 2013). Microfinance institutions (MFIs) in Sudan try to place greater focus on women because the majority of poorer households are headed by them. Therefore, female entrepreneurs are widely accepted by MFIs as a good credit riskers and enthusiastic customers for both credit and savings facilities. Increases in women’s income tend to have a more positive effect on family welfare than increases in men’s income and not only for women’s wellbeing, but that of the entire family (Abukasawi, 2006). The recognition of microfinance as one of the priority tools for credit policy in the Sudan started only in the mid-1990s. The state policy to promote microfinance is mainly reflected in t... |
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- Economic development - Labor market issues - Africa (East) - Africa (North) |
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Public Access  GTAP Resource 4454 (104.3 KB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 2:05:45 PM
