Factors Determining the Women Empowerment through Microfinance: An Empirical Study in Sri Lanka
This study attempts to identify the factors influencing
on women empowerment of rural area in Sri Lanka through micro
finance services. Data were collected from one hundred (100) rural
women involving self-employment activities through a questionnaire
using direct personal interviews. Judgment and Convenience Random
sampling technique was used to select the sample size from three
Divisional Secretariat divisions of Kandawalai, Poonakari and
Karachchi in Kilinochchi District. The factor analysis was performed
on fourteen (14) variables for screening and reducing the variables to
identify the influencing factors on empowerment. Multiple regression
analysis was used to identify the relationship between the three
empowerment factors and the impact of micro finance on overall
empowerment of rural women. The result of this study summarized
the variables into three factors namely decision making, freedom to
mobility and family support and which are positively associated with
empowerment. In addition to this the value of adjusted R2 is 0.248
indicates that all the variables extracted can be explained 24.8% of
the variation in the women empowerment through microfinance.
Independent variables of these three factors have positive correlation
with women empowerment as well as significant values at 5 percent
level.
[1] J. Drolet., “Women, Micro credit and empowerment in Cairo, Egypt”,
International Social Work, Published by SAGE, 2010.
[2] Fiona Leach, and Shasikala Sitaram, “Microfinance and
Women’sEmppowerment: a lesson from India”, Development in
Practice,Volume 12, 5, Published by Routledge, Part of the Taylor and
Francis Group,2002,pp.575 – 588.
[3] J. Hunt, and N, Kasynathan, “Reflections on microfinance andwomen’s
empowerment’, Development Bulletin, no. 57, Juliet Hunt, Independent
Consultant Nalini Kasynathan, Oxfam Community Aid Abroad, South
Asia, 2002,pp. 71-75.
[4] E. Charlotte Lot, “Why Women Matter: the Story of Microcredit: Poor
Women as Borrowers”, Journal of Law and Commerce, Vol. 27, 2009,
p.219.
[5] J.A. Arulrajah, and P.G. Philip,“Equlity and Personality Development of
Women- headed Hous Hold: The Role of INGOs and NGOs in Women
Headed House Hold in manmunai South West D.S Division of
Batticaloa”, ICBI, Faculty of Commerce and Management Studies,
University of Kelaniya, 2011.
[6] G. Tilakaratne, A. Galappattige, and R. Perera, “Promoting
Empowerment through Microfinance in Sri Lanka, Economic and
Political Empowerment of the Poor (EPEP), Country Studies of Sri
Lanka” 2005.
[7] A. Sangeeta, and A. Sapna,“Role of Micro Financing in Women
Empowerment: An Empirical Study ofUrban Punjab”, Pacific Business
Review International Volume 5, Issue I,2012.
[8] M. Tadesse, H.Teklie,G. Yazew and T.Gebreselassie, “Women’s
Empowerment as Determinant of Contraceptive use in Ethiopia, Further
analysis of the 2011 Ethiopia Demographic and Health Survey”, ICF
International Calverton, Maryland USA. MoFED and UNICEF Addis
Ababa, Ethiopia 2013.
[9] Care Report, Women’s Empowerment, 2005.
[10] World Bank Report, ‘World Bank calls for expanding economic
opportunities for women as global economic crisis continues”, press
release 29 January 2009.
[11] A. Attapatta, “State of Microfinance in Sri Lanka” prepared for Institute
of Microfinance (Inm) as part of the project on State Microfinance in
SAARC countries, 2009.
[12] S.P Premaratne, S.M.P Senanayake, and M. Warnasuriya,
“Empowerment of women through Self Help Groups (SHGs): A study
of SHG Microfinance Project in Sri Lanka”, UEH Journal of Economic
Development, No. 210, February 2012, University of Economics,
Vietnam, 2009,Pp 17 – 36.
[13] S.P Premaratne, “Entrepreneurial Networks and SME Development: A
Managerial Approach”. The Peradeniya Journal of Economics, 2 (1&2),
2008, pp88-97.
[14] S. Mahmud, “Actually how Empowering is Microcredit, Development
and Change”, Institute of Social Studies, Published by Blackwell
Publishing, Oxford, UK and USA, 2003.
[1] J. Drolet., “Women, Micro credit and empowerment in Cairo, Egypt”,
International Social Work, Published by SAGE, 2010.
[2] Fiona Leach, and Shasikala Sitaram, “Microfinance and
Women’sEmppowerment: a lesson from India”, Development in
Practice,Volume 12, 5, Published by Routledge, Part of the Taylor and
Francis Group,2002,pp.575 – 588.
[3] J. Hunt, and N, Kasynathan, “Reflections on microfinance andwomen’s
empowerment’, Development Bulletin, no. 57, Juliet Hunt, Independent
Consultant Nalini Kasynathan, Oxfam Community Aid Abroad, South
Asia, 2002,pp. 71-75.
[4] E. Charlotte Lot, “Why Women Matter: the Story of Microcredit: Poor
Women as Borrowers”, Journal of Law and Commerce, Vol. 27, 2009,
p.219.
[5] J.A. Arulrajah, and P.G. Philip,“Equlity and Personality Development of
Women- headed Hous Hold: The Role of INGOs and NGOs in Women
Headed House Hold in manmunai South West D.S Division of
Batticaloa”, ICBI, Faculty of Commerce and Management Studies,
University of Kelaniya, 2011.
[6] G. Tilakaratne, A. Galappattige, and R. Perera, “Promoting
Empowerment through Microfinance in Sri Lanka, Economic and
Political Empowerment of the Poor (EPEP), Country Studies of Sri
Lanka” 2005.
[7] A. Sangeeta, and A. Sapna,“Role of Micro Financing in Women
Empowerment: An Empirical Study ofUrban Punjab”, Pacific Business
Review International Volume 5, Issue I,2012.
[8] M. Tadesse, H.Teklie,G. Yazew and T.Gebreselassie, “Women’s
Empowerment as Determinant of Contraceptive use in Ethiopia, Further
analysis of the 2011 Ethiopia Demographic and Health Survey”, ICF
International Calverton, Maryland USA. MoFED and UNICEF Addis
Ababa, Ethiopia 2013.
[9] Care Report, Women’s Empowerment, 2005.
[10] World Bank Report, ‘World Bank calls for expanding economic
opportunities for women as global economic crisis continues”, press
release 29 January 2009.
[11] A. Attapatta, “State of Microfinance in Sri Lanka” prepared for Institute
of Microfinance (Inm) as part of the project on State Microfinance in
SAARC countries, 2009.
[12] S.P Premaratne, S.M.P Senanayake, and M. Warnasuriya,
“Empowerment of women through Self Help Groups (SHGs): A study
of SHG Microfinance Project in Sri Lanka”, UEH Journal of Economic
Development, No. 210, February 2012, University of Economics,
Vietnam, 2009,Pp 17 – 36.
[13] S.P Premaratne, “Entrepreneurial Networks and SME Development: A
Managerial Approach”. The Peradeniya Journal of Economics, 2 (1&2),
2008, pp88-97.
[14] S. Mahmud, “Actually how Empowering is Microcredit, Development
and Change”, Institute of Social Studies, Published by Blackwell
Publishing, Oxford, UK and USA, 2003.
@article{"International Journal of Business, Human and Social Sciences:69908", author = "Y. Rathiranee and D. M. Semasinghe", title = "Factors Determining the Women Empowerment through Microfinance: An Empirical Study in Sri Lanka", abstract = "This study attempts to identify the factors influencing
on women empowerment of rural area in Sri Lanka through micro
finance services. Data were collected from one hundred (100) rural
women involving self-employment activities through a questionnaire
using direct personal interviews. Judgment and Convenience Random
sampling technique was used to select the sample size from three
Divisional Secretariat divisions of Kandawalai, Poonakari and
Karachchi in Kilinochchi District. The factor analysis was performed
on fourteen (14) variables for screening and reducing the variables to
identify the influencing factors on empowerment. Multiple regression
analysis was used to identify the relationship between the three
empowerment factors and the impact of micro finance on overall
empowerment of rural women. The result of this study summarized
the variables into three factors namely decision making, freedom to
mobility and family support and which are positively associated with
empowerment. In addition to this the value of adjusted R2 is 0.248
indicates that all the variables extracted can be explained 24.8% of
the variation in the women empowerment through microfinance.
Independent variables of these three factors have positive correlation
with women empowerment as well as significant values at 5 percent
level.", keywords = "Influencing factors, Micro finance, rural women and
women empowerment.", volume = "9", number = "5", pages = "1595-5", }