Microfinance and its implications on Women empowerment: A case of Bulawayo Restaurants in Zimbabwe

Dr Barbara Mbuyisa
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Dr Barbara Mbuyisa: Zimbabwe Open University, Zimbabwe

International Journal of Research and Innovation in Social Science, 2022, vol. 6, issue 5, 133-139

Abstract: Microfinance is a developmental tool which has proved to be effective in poverty alleviation, economic development and women empowerment although it has insufficiently penetrated the poor strata of the society at a global perspective. Literature on MFIs has been examined extensively over the past 15 years because there are controversial issues surrounding the benefits inherent to its implementation. The study seeks to examine the impact of MFIs on the empowerment of women who run restaurants in the city of Bulawayo in Zimbabwe. A qualitative research design was used to ascertain the perceptions, beliefs and behavior of women towards the adoption of MFI as a tool for women empowerment. Purposive sampling was used to select 30 participants who run Restaurants in Bulawayo. The study concluded that lack of access to finance by women is a result of series of challenges experienced by MFIs such as inadequate capital and poor market outreach that need to be addressed by the government and regulatory authorities.

Date: 2022
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