Impact of financial inclusion in low- and middle-income countries: a systematic review of reviews

Financial inclusion programmes seek to increase access to financial services such as credit, savings, insurance and money transfers and so allow poor and low-income households in low- and middle-income countries to enhance their welfare, grasp opportunities, mitigate shocks, and ultimately escape poverty. This systematic review of reviews assesses the evidence on economic, social, behavioural and gender-related outcomes from financial inclusion. It collects and appraises all of the existing meta-studies - that is systematic reviews and meta-analyses - of the impact of financial inclusion. The authors first analyse the strength of the methods used in those meta-studies, then synthesise the findings from those that are of a sufficient quality, and finally, report the implications for policy, programming, practice and further research arising from the evidence. Eleven studies are included in the analysis

Microfinance Services and Women’s Empowerment

Empowering women and increasing gender equity is assumed to be crucial in achieving economic growth and improving well-being around the world. Offering women access to microfinance services is one prominent approach to improve the position of women in society and to help them move out of poverty. This chapter provides a short introduction to microfinance services in general and introduces the theoretical explanations how financial and nonfinancial microfinance services may empower women. Furthermore, the chapter summarizes relevant research on the impact of the provision of these services on women’s empowerment. Different insights are presented to illustrate how gendered power between female loan borrowers and their husbands may be influenced by the impact of microfinance services. The chapter concludes with a critical ethical and empirical discussion on the contribution of offering microfinance services to women to empower them and suggest new avenues for future research