Microfinance and social work: a roadmap to sustainability

Arunima Dhar

Abstract


Microfinance is a tool to enhance the well-being of the individuals through poverty reduction. It is also considered as an effective instrument for social development-controversies arise when we try to critically analyze the different aspects of microfinance models. But the bottom-up approach cannot be denied at all when gender is taken into consideration. In a developing country, like, India, there are instances where women are still deprived and gender inequality is quite prominent. Moreover, evidences demonstrate that the microfinance models worked best for women and often targeted women. This paper provides a combination of narratives and secondary data. The paper also throws light on conceptualizing a worker's contribution in the area and the role of the implementing organizations at different stages. At the end, the paper proposes an informalized road map for the holistic development of the client to bring out sustainability in the microfinance delivery models in India. 


Keywords


microfinance; sustainability; informalized; hybrid; client-centered development.

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References


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