Download or read book Empowering the Poor Through Financial and Social Inclusion in Africa written by Abdelrahman Elzahi Saaid Ali and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses financial inclusion, gender equality, regulatory regimes for microfinance, women empowerment, and digital finance from an Islamic perspective. It encourages the reader to reflect on whether the delivery of financial services from an Islamic perspective might be attainable and lead to achieving global financial inclusion. Accessing financing is one of the most formidable challenges facing disadvantaged in IsDB member countries. The race to serve these niche markets has led to the emergence of conventional microfinance. There remains the lingering question of whether conventional microfinance in its current form has conclusively led to poverty alleviation among Muslim communities. Hence, there is a need of having Shari'ah-compliant business model that depends on Islamic socio-economic tools such as Zakah, Sadaqah, and Waqf might best address the needs self-financial exclusion or the exclusion of the extremely poor in Muslim. Abdelrahman Elzahi Saaid Ali is Senior Economist at the Islamic Development Bank Institute (IsDBi). Before joining IsDBi in 2008, Dr. Elzahi held a faculty position as Associate Professor of Economics at Sudan University of Science and Technology. Dr. Elzahi received his BSc in Banking and Finance from Sudan University of Science and Technology, MA in Economics from Omdurman Islamic University, Sudan, and PhD in Economics from the International Islamic University Malaysia. He is a co-editor of Revitalization of Waqf Economic Development, Volumes I & II, and the main author of Volumes I & II of Financial Inclusion through Islamic Finance. His current research areas include Digital Financial Inclusion Technology Adoption in achieving sustainable development.

Download or read book Financial Inclusion for Poverty Alleviation written by Essam Yassin Mohammed and published by Routledge. This book was released on 2017-12-12 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: More than one billion people still live below the poverty line – most of them in South Asia and Sub-Saharan Africa. Financial inclusion is a major issue, as more than three-quarters of the numbers of poor and disadvantaged women and men do not have access to financial products and services, such as bank accounts, affordable and suitable loans, and insurance. The key objective of this book is to provide practical case studies of financial inclusion, rather than focus on academic debates such as the ideological basis of promoting microfinance. Using the recently adopted Sustainable Development Goals as an overall framing of the issues, it shows how poor and disadvantaged women and men can be bankable if the right facilitation for maximizing opportunities and addressing constraints are in place. Case studies confirm that achieving inclusive and sustainable access to financial products and services goes beyond simply enabling poor and disadvantaged women and men to have access to credit, or the ability to open a bank account. Examples from Africa, Asia and Latin America demonstrate encouraging progress in making microcredit accessible to millions of poor people. The foremost challenge, however, has been to ensure that they have access to, and usage intensity of, suitable and affordable financial products and services that meet the needs of their livelihoods as well as risks and mitigation strategies. This requires understanding that poor and disadvantaged women and men do not exist in isolation from complex and interdependent functions in the financial system, which includes a number of actors, diversified services, constraints (not just symptoms) and capacities and incentives. Overall, the book provides a rich source of examples of how building inclusive financial systems can empower the world's poor – by increasing income and employment opportunities, securing livelihoods and reducing poverty.

Download or read book Empowering the Poor through Financial and Social Inclusion in Africa written by Abdelrahman Elzahi Saaid Ali and published by Springer Nature. This book was released on 2022-04-25 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses financial inclusion, gender equality, regulatory regimes for microfinance, women empowerment, and digital finance from an Islamic perspective. It encourages the reader to reflect on whether the delivery of financial services from an Islamic perspective might be attainable and lead to achieving global financial inclusion. Accessing financing is one of the most formidable challenges facing disadvantaged in IsDB member countries. The race to serve these niche markets has led to the emergence of conventional microfinance. There remains the lingering question of whether conventional microfinance in its current form has conclusively led to poverty alleviation among Muslim communities. Hence, there is a need of having Shari’ah-compliant business model that depends on Islamic socio-economic tools such as Zakah, Sadaqah, and Waqf might best address the needs self-financial exclusion or the exclusion of the extremely poor in Muslim.

Download or read book Efficiency Equity and Well Being in Selected African Countries written by Almas Heshmati and published by Springer. This book was released on 2019-04-19 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses poverty and well-being, equity, and efficiency in selected African countries. The chapters focus on three main topics: studies in the measurement and analysis of well-being and vulnerability to poverty, women's empowerment, and the dynamics and determinants of income and efficiency among smallholders. The chapters in the first section examine poverty, well-being, and vulnerability to poverty, as well as social exclusion, with a focus on households in Ethiopia, Rwanda, and Tanzania. They highlight the need to consider multidimensional measures of well-being and vulnerability to poverty, the need to address the distribution of vulnerability across different segments of the population, as well as the importance of developing public policies aimed at poverty reduction and promoting the well-being of the poor. The next section deals with issues related to women’s empowerment, including a multidimensional case study of women’s empowerment in Ghana and women’s access to microfinance services in Ethiopia. The final section focuses on dynamics and determinants of income and efficiency among farm households in Ethiopia and Uganda. Using a variety of methodologies, this volume provides a multifaceted approach to studying poverty and well-being in a diverse range of locations. As such, it of use to undergraduate and graduate students studying African economics or economics of poverty and well-being, and will be appealing to public policymakers and international aid agencies.

Download or read book Transforming Africa written by Dana T. Redford and published by Emerald Group Publishing. This book was released on 2022-01-26 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: Transforming Africa: How Savings Groups Foster Financial Inclusion, Resilience and Economic Development presents in-depth empirical research into current day savings group activities across Africa, exploring savings groups through the lens of financial inclusion and reflecting on formal finance, economic and social outcomes.

Download or read book Economic Inclusion in Post Independence Africa written by David Mhlanga and published by Springer Nature. This book was released on 2023-09-04 with total page 383 pages. Available in PDF, EPUB and Kindle. Book excerpt: The second in a three-volume series, this edited volume discusses post-independence economic inclusion in selected African countries. While human development indices rise and poverty rates fall across the African continent, facilitated by recent technological and innovation development which reaches previously inaccessible regions, indicators continue to lag in several crucial areas. Economic and social inclusion, therefore, remains at the forefront of development discussions across the continent. Using a variety of case studies underpinned by multidisciplinary research approaches, the chapters in this book explore a wide range of economic and financial inclusion issues from all aspects; from benefits and challenges to the steps that need to be taken to improve the level of economic inclusion on the continent. Governments, development agencies, non-governmental organizations with a bias toward development, students, and university lecturers will all find this book interesting.

Download or read book Financial inclusion written by Munacinga C. Simatele and published by AOSIS. This book was released on 2022-02-15 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial inclusion has been noted as a key driver of poverty alleviation and growth. Yet, most of the scholarly work that exists lacks a comprehensive discussion of how the poor interact with financial services and the channels through which such services can affect their livelihoods. This book offers researchers who focus on financial inclusion and African economies a one-stop resource for understanding the channels of transmission for financial inclusion as well as an application of these channels through original country-specific empirical papers. The book provides a back-to-basics presentation of the transmission of financial services to growth and poverty. This theoretical discussion is complemented by an empirical presentation of the various services used by the poor, with a focus on Africa. Case studies of financial inclusion in six African countries cover a broad range of topics most important to African countries and highlight the unique African setting. These empirical papers provide important learning points. Firstly, hybrid financial institutions such as cooperative financial institutions and financial social entrepreneurs are the best way to increase financial inclusion in Africa. They provide important vehicles to circumvent the restrictive and exclusive bank-based financial markets typical of African economies. Secondly, digital finance is a potent tool for improving financial access and usage in Africa, and its impact on poverty operates through both traditional and nontraditional financial instruments. Thirdly, investment in infrastructure which supports complementary markets is critical and is likely to have a greater effect on credit rationing than direct provision of credit to small businesses.

Download or read book Empowering Rural People Through Financial Inclusion and Financial Counselling written by B. Chinna Muthu and published by . This book was released on 2020-09-26 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Empowering African Women for Sustainable Development written by Ogechi Adeola and published by Springer Nature. This book was released on 2020-12-17 with total page 175 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited volume assesses the progress that sub-Saharan African countries have made towards gender equality and offers strategies that can be used to empower African women to contribute to the fulfilment of the United Nations’ (UN) 2030 sustainable development goals (SDGs). The contributing authors consider the goals identified during the 1995 United Nations World Conference on Women and the 2015 UN World Conference on Sustainable Development in New York—including no poverty, healthy life, quality education, gender equality, peace and justice, reduced inequalities, and decent work and economic growth—and document the advances made on these goals, with a special emphasis on African women’s experiences. They provide innovative ideas for accelerating achievement of the SDGs and address challenges and opportunities in tourism, business, politics, entrepreneurship, academia, financial inclusion, and the digital gender divide. This book will be of value to policymakers, non-profit organisations focused on gender equality and sustainable development, and academics and scholars who teach and study gender-related issues in the African continent.

Download or read book Voice and Agency written by Jeni Klugman and published by World Bank Publications. This book was released on 2014-09-29 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite recent advances in important aspects of the lives of girls and women, pervasive challenges remain. These challenges reflect widespread deprivations and constraints and include epidemic levels of gender-based violence and discriminatory laws and norms that prevent women from owning property, being educated, and making meaningful decisions about their own lives--such as whether and when to marry or have children. These often violate their most basic rights and are magnified and multiplied by poverty and lack of education. This groundbreaking book distills vast data and hundreds of studies to shed new light on deprivations and constraints facing the voice and agency of women and girls worldwide, and on the associated costs for individuals, families, communities, and global development. The volume presents major new findings about the patterns of constraints and overlapping deprivations and focuses on several areas key to women s empowerment: freedom from violence, sexual and reproductive health and rights, ownership of land and housing, and voice and collective action. It highlights promising reforms and interventions from around the world and lays out an urgent agenda for governments, civil society, development agencies, and other stakeholders, including a call for greater investment in data and knowledge to benchmark progress.

Download or read book Empowerment and Poverty Reduction written by Deepa Narayan-Parker and published by World Bank Publications. This book was released on 2002-01-01 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication offers a framework for the empowerment of people living in poverty throughout the world that concentrates on increasing people's freedom of choice and action to shape their own lives. Based on analysis of practical experiences, the book identifies four key elements to support empowerment: information, inclusion and participation, improved accountability and local organisational capacity. This framework is then applied to five areas of action to improve development effectiveness: provision of basic services, improved local governance, improved national governance, pro-poor market development, and access to justice and legal aid. It also offers twenty 'tools and practices' which concentrate on a wide-range of topics to support the empowerment of the poor.

Download or read book Promoting Financial Inclusion for Inclusive Growth in Africa written by Chijioke Kennedy Oji and published by . This book was released on 2015 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Financial inclusion is central to economic empowerment in rural communities, as it forms the foundation for the sustainable economic development of the less privileged in society. By engaging in economic activities where goods and services are traded for cash, people become part of economic clusters. The amalgamation of economic clusters has an impact on the growth of local economic systems, resulting in sustained development. Thus, in order for sustained socio-economic development to occur, people should be encouraged to engage in more economic activities where financial transactions take place. To do this, people often need to have bank accounts at formal financial institutions. However, studies have shown that there are numerous barriers preventing especially the rural poor from entering the formal financial system. Some of these barriers include strict 'Know Your Customer' regulations, the cumbersome paperwork associated with opening banking accounts, mandatory deposits, bank charges and the distance from villages to towns, where most formal financial institutions are normally located. Considering this, many rural people may opt to use informal financial institutions, which are risky and mostly unregulated. This paper aims to highlight the importance of financial inclusion for development in rural African communities. An overview is given of financial inclusion in Africa and of the methods through which the financially excluded 'bank' their money and obtain credit. The paper also looks at selected informal remittance mechanisms used by the rural poor to transfer and receive money. In addition, the concept of financial inclusion is presented in context, looking at financial literacy as the element needed to sustain the economic effects of reducing financial exclusion in Africa. Important initiatives to increase financial literacy are highlighted and the challenges faced in increasing financial inclusion in Africa are examined. The paper concludes with policy recommendations to promote financial inclusion"--Publisher's web site.

Download or read book Community Driven Development in Africa written by and published by . This book was released on 2000 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Global Findex Database 2017 written by Asli Demirguc-Kunt and published by World Bank Publications. This book was released on 2018-04-19 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2011 the World Bank—with funding from the Bill and Melinda Gates Foundation—launched the Global Findex database, the world's most comprehensive data set on how adults save, borrow, make payments, and manage risk. Drawing on survey data collected in collaboration with Gallup, Inc., the Global Findex database covers more than 140 economies around the world. The initial survey round was followed by a second one in 2014 and by a third in 2017. Compiled using nationally representative surveys of more than 150,000 adults age 15 and above in over 140 economies, The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution includes updated indicators on access to and use of formal and informal financial services. It has additional data on the use of financial technology (or fintech), including the use of mobile phones and the Internet to conduct financial transactions. The data reveal opportunities to expand access to financial services among people who do not have an account—the unbanked—as well as to promote greater use of digital financial services among those who do have an account. The Global Findex database has become a mainstay of global efforts to promote financial inclusion. In addition to being widely cited by scholars and development practitioners, Global Findex data are used to track progress toward the World Bank goal of Universal Financial Access by 2020 and the United Nations Sustainable Development Goals. The database, the full text of the report, and the underlying country-level data for all figures—along with the questionnaire, the survey methodology, and other relevant materials—are available at www.worldbank.org/globalfindex.

Download or read book Empowering Rural Communities Through Financial Inclusion written by Patricia Richter and published by . This book was released on 2011 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt: Argues that while they need it the most, rural communities remain the largest unserved market for financial services, and shows that ensuring their financial inclusion can unlock the considerable economic potential of rural areas.

Download or read book Financial Inclusion and Poverty Alleviation written by Muhamed Zulkhibri and published by . This book was released on 2017 with total page 319 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Women s Economic Empowerment written by Kate Grantham and published by Routledge. This book was released on 2021-03-04 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book investigates the barriers to women’s economic empowerment in the Global South. Drawing on evidence from a wide range of countries, the book outlines important lessons and practical solutions for promoting gender equality. Despite global progress in closing gender gaps in education and health, women’s economic empowerment has lagged behind, with little evidence that economic growth promotes gender equality. International Development Research Centre’s (IDRC) Growth and Economic Opportunities for Women (GrOW) programme was set up to provide policy lessons, insights, and concrete solutions that could lead to advances in gender equality, particularly on the role of institutions and macroeconomic growth, barriers to labour market access for women, and the impact of women’s care responsibilities. This book showcases rigorous and multi-disciplinary research emerging from this ground-breaking programme, covering topics such as the school-to-work transition, child marriage, unpaid domestic work and childcare, labour market segregation, and the power of social and cultural norms that prevent women from fully participating in better paid sectors of the economy. With a range of rich case studies from Burkina Faso, Democratic Republic of the Congo, Ethiopia, Ghana, India, Kenya, Nepal, Rwanda, Sri Lanka, Tanzania, and Uganda, this book is perfect for students, researchers, practitioners, and policymakers working on women’s economic empowerment and gender equality in the Global South.