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Contribution of microfinance on women empowerment case study of Vision Finance company ltd Nyaruguru

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par Albert RUTAYISIRE
Protestant institute of arts and social sciences - Bachelor's degree in Business studies with education 2016
  

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2.4.3.2. Ideological Challenges

A topic to be discussed here is whether the concept of empowerment and women's empowerment is an integral part of a given society or is an imported phenomenon that is borrowed and imposed from the West on the East. Since the primary interest of microfinance institution (MFI) is financial sustainability, introducing empowerment issues is not only incompatible with their goals; it is also an additional agenda in which MFIs would avoid investing. Although governments and organizations such as the Self Employed Women's Association (SEWA) and Working Women's Forum (India) (WWF) in India have mobilized women for a long time to fight for women's rights, it does make it easier for MFIs to avoid an empowerment agenda - as it sometimes mutually suits the MFIs and other stakeholders such as national governments. Indeed, there are reports that the MFI turmoil in Andhra Pradesh is more due to government politicians' and officials' vested interests and lack of concern for women's empowerment (Bellman 2010).

2.4.3.3. Cultural Challenges

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