Effect of Microfinance Policy on Women Empowerment in Ogun State, Nigeria

Alamu Oluwaseyi Isaiah, Oloyede Oluwaseun Ope

Abstract


This study investigated how microfinance policy affected women empowerment in Ogun State, Nigeria. These were to providing information on the policy outcome on the lives of women as well as the economic impact in Ogun State.  Primary and secondary data were utilised for the study. Primary data were collected through the administration of copies of questionnaire and conduct of interview. The study sample size was 221 respondents, comprised market women who benefitted from the microfinance scheme (180), Microfinance Desk Officers of the Central Bank (11), Ogun State branch and staff of Ministry of Women Affairs and Social Development (30) selected across Ogun State. Multistage sampling technique was also used for the study. Secondary data were obtained from official publications, textbooks, journals, and internet. Data collected were analysed using content analysis. The study showed that if the policy has improved the mechanism for women to benefit for loans and credits, also microfinance policy has given women in the society voice. In conclusion, the study averred that microfinance policy had a relatively positive effect on women empowerment in Ogun State, Nigeria.

Keywords


Microfinance; Microfinance policy; Empowerment; Women; Women empowerment

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References


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DOI: http://dx.doi.org/10.3968/13211

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