Exploring the Challenges and Opportunitiesof Poor Women in Microfinance Intervention: The Case of Specialized Financial and Promotional Institution, Clients of Chancho Branch, Oromia, Sulultaworeda
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Date
2014-06
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Abstract
The central objective of this study was to explore the challenges and opportunities of poor women
in SFPI microfinance intervention in Oromia Special Zone Surrounding Finfine, Sululta Woreda.
Accordingly, a qualitative case study approach was used to undertake the study. Hence,
purposely selectedfour key informants andtwelve in-depth interviews have participated in the
study. Beside tothese, two focus group discussions one in urban and the other in rural area of
Sululta Woreda was conducted. The qualitative data collected from the participants were
transcribed and analyzed manually. The finding of the study indicated that,most of the poor
women in microfinance institution get the opportunity of accessing money, starting business,
detachment from local money lenders, enhancement in social relationship. Moreover, those poor
women who have another source of income like land, livestock, house renting and also non loan
diverters were obtained the opportunity of expanding their businesses, educating their children
in terms material support ,improvement in income , expenditure and home utility, generally
improvement in social and economic condition. On the other hand,the study indicatedthat, poor
women in the intervention of MFI face various challenges that are related to the community,
institution, the poor women themselves, and family.As a result, these challenges have been
influenced the achievements of the poor womenin microfinance intervention. In addition, these
challenges are accompanied by various social problems like that of leaving the area where loan
has been taken, committing suicidal attemptetc Generally, these finding indicated that, there is
implication for collaboration between policy makers, social work and microfinance practitioners
and researchers to address the challenges of poor women in microfinance service
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Keywords
Intervention; Microfinance Institution; Microfina ; Poor women; Special Financial and promotional Institution (SFPI) ;Sululta Worda