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More money, new household cultural dynamics

Women in micro-finance in Ghana

Bibliographic Data

ID3887131
AuthorsCynthia Arku (Northern Alberta Development Council, 15 Nipewon Road, PO Box 1650, Lac La Biche, Alberta, Canada, T0A 2C0, corresponding author), Frank S Arku (University of Guelph)
Year2009
Volume19
Issue2
Pages200-213
Publication date2009-04-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueDevelopment in Practice (JOURNAL)
Journal identifiersISSN: 0961-4524 • E-ISSN: 1364-9213
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/09614520802689469
OpenAlexW2094633708
LanguageEN
Citations received14
References cited8

This article reports on research into the impacts of micro-finance on gender roles, the extent to which socio-cultural factors influence these changes, and how such changes affect the well-being of rural Bogoso households in the Wassa West District of Ghana. Findings indicated that micro-finance has changed men's and women's control over decisions and resource allocations, which consequently affected financial responsibilities and the education of children, and largely contributed to household well-being. However, the small size of the loans was a limitation. The article concludes that socio-cultural factors may promote or inhibit well-being in rural households, and that micro-finance is not a sufficient tool in itself to promote women's and households' well-being. It is recommended that if rural people's well-being matters, collaborative efforts in the appraisal, monitoring, and evaluation of micro-finance initiatives, with the government providing leadership, are imperative

Access to Finance · Business · Development economics · Economic growth · Economics · Management · Micro finance · Microfinance · Sociology · Islamic Finance and Banking Studies · Microfinance and Financial Inclusion · Urban and Rural Development Challenges · Finance

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Unique citing works14
Citations per year0,88
Citation span2010 - 2025 (16)
Citation velocityrecent
Highly citedNo
Citation typesNeutral: 14

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