Influence of international organisations micro finance initiatives on the socio-economic empowerment of rural women in Zimbabwe.

Abstract

This study employed a mixed-methods approach to examine the effectiveness, roles, financial inclusion, challenges, and potential enhancements of international microfinance initiatives for rural women in Empress Mine Township, Zimbabwe. Data were collected through interviews and questionnaires. The study was guided by the feminist international relations theory and the dependency theory as the guiding theoretical frameworks of this study. The effectiveness of mobile-based microfinance and self-help groups emerged positively, facilitating convenient financial access and stimulating business investment. However, challenges were identified in microcredit programs, indicating a need for improvement. The research delved into the empowering roles of international microfinance programs, demonstrating their significance in enhancing livelihoods, income generation, decision making, and leadership among rural women. These initiatives also contributed to improved health, education outcomes, and strengthened social networks. The study addressed the level of financial inclusion induced by international microfinance initiatives, emphasizing their pivotal role in promoting socio-economic empowerment. Challenges stemmed from limited awareness among beneficiaries and community leaders, highlighting the necessity for education and community involvement for sustained impact. Barriers and challenges faced by rural women were identified, including limited access, high interest rates, and gender inequality. Comprehensive efforts were recommended, encompassing improved access, financial education, gender equality promotion, and supportive infrastructure development.