Yıl 2016, Cilt 2, Sayı 4, Sayfalar 1131 - 1135 2016-10-01

Microcredit programs: Objectives and functions

Cagla Diner [1]

246 293

Microcredit programs mostly target poor women who do not have access to credit in the formal financial system because they lack the necessary collateral or formal employment, which secure a stream of future income. It is believed that the poor women can use the credit as some sort of seed money to turn themselves into entrepreneurs, even at a small scale. Since the founder of the microcredit programs Muhammed Yunus won the Nobel Prize in Economics, we have been hearing about the success of the programs. It is widely argued that this is not only an institutionalization of a welfare mechanism, which otherwise would be a burden on the state resources, but also a means to empower women. However, there are also serious criticisms against these programs. One group of critics argues that there is no solid evidence that supports the success of microcredit programs in reducing poverty and those successful examples we hear are only a few exceptions to the majority of the credit users who do remain impoverished. Another group of critics draw attention to a particular subjectivity created by these programs in the developing countries. Such subjectivity can be described as agents responsible for their own well-being, as woman entrepreneurs who invest wisely, work hard, and rely only on their own efforts to take care of themselves and their families. Yet, such critics continue, neither this subjectivity nor access to finance through microcredit can challenge existing social hierarchies as ideological barriers to gender transformation are quite strong.

critiques of microcredit programs, poverty reduction through financialization, gender hierarchies
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  • Rankin, K. (2002). Social Capital, Microfinance, and the Politics Of Development. Feminist Economics, 8 (1), 1–24.
  • Reeves, H. and Baden S. (2000). Gender and Development: Concepts and Definitions. BRIDGE Report 55, February 2000. Brighton, UK: Institute of Development Studies, University of Sussex. Retrieved from http://www.bridge.ids.ac.uk/reports/re55.pdf.
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  • UNCDF. (2005). Microfinance and the Millennium Development Goals: A reader’s guide to the Millennium Project Reports and other UN documents, October 2005. Retrieved from http://www.yearofmicrocredit.org/docs/mdgdoc_MN.pdf.
  • UNDP. n.d. Women’s Empowerment. Retrieved from http://www.undp.org/content /undp/en/home/ourwork/womenempowerment/overview.html
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Yazar: Cagla Diner

Bibtex @araştırma makalesi { ijsser278989, journal = {International Journal of Social Sciences and Education Research}, issn = {}, eissn = {2149-5939}, address = {Mahmut DEMİR}, year = {2016}, volume = {2}, pages = {1131 - 1135}, doi = {10.24289/ijsser.278989}, title = {Microcredit programs: Objectives and functions}, key = {cite}, author = {Diner, Cagla} }
APA Diner, C . (2016). Microcredit programs: Objectives and functions. International Journal of Social Sciences and Education Research, 2 (4), 1131-1135. DOI: 10.24289/ijsser.278989
MLA Diner, C . "Microcredit programs: Objectives and functions". International Journal of Social Sciences and Education Research 2 (2016): 1131-1135 <http://dergipark.gov.tr/ijsser/issue/26511/278989>
Chicago Diner, C . "Microcredit programs: Objectives and functions". International Journal of Social Sciences and Education Research 2 (2016): 1131-1135
RIS TY - JOUR T1 - Microcredit programs: Objectives and functions AU - Cagla Diner Y1 - 2016 PY - 2016 N1 - doi: 10.24289/ijsser.278989 DO - 10.24289/ijsser.278989 T2 - International Journal of Social Sciences and Education Research JF - Journal JO - JOR SP - 1131 EP - 1135 VL - 2 IS - 4 SN - -2149-5939 M3 - doi: 10.24289/ijsser.278989 UR - http://dx.doi.org/10.24289/ijsser.278989 Y2 - 2016 ER -
EndNote %0 International Journal of Social Sciences and Education Research Microcredit programs: Objectives and functions %A Cagla Diner %T Microcredit programs: Objectives and functions %D 2016 %J International Journal of Social Sciences and Education Research %P -2149-5939 %V 2 %N 4 %R doi: 10.24289/ijsser.278989 %U 10.24289/ijsser.278989
ISNAD Diner, Cagla . "Microcredit programs: Objectives and functions". International Journal of Social Sciences and Education Research 2 / 4 (Ekim 2016): 1131-1135. http://dx.doi.org/10.24289/ijsser.278989