Micro credit, empowerment and diversion of loan use
Vadakarasseril Anandan, Jameela
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Micro credit or extending small loans for income generating activities to the poor, particularly women in predominantly developing countries has become one of the most popular development strategies of the last few years. Despite the fact that micro credit has liberated the women from poverty and enhanced their empowerment to some extent, it has been seen that, many women are unable to use the loan for income generating activities. Rather they are forced to divert the use of their loans for other purposes. It is also seen that women loss direct control of the loan taken in their name. But very little has been written on these aspects i.e., diversion of loan use, loss of direct control of loans and empowerment. These aspects have to be systematically and empirically examined. Hence, in this paper an attempt has been made to find out the diversion of loan use, loss of control of loan and empowerment of women on the basis of data collected from an NGO, Trivandrum Social Service Society in Kerala, India.