Women in developing countries are not empowered by micro-loans because it can exert women further into debt. Not all women are smart and educated enough to be able to profit from these micro-loans and instead they can be quite dumb and irresponsible with the exerting them further into debt. This does not apply to all the women who receive micro-loans, but a decent portion of them it does. Although, micro-loans could be the key success to a family's triumph out of poverty, they can still propel people into a rough and tough situation. Also, if a women’s micro-loan does not work out they will be put to shame by their whole entire community. Many women in developing countries are not educated therefore they may not know how to successfully triumph with micro-loans. Although this does not apply to all women, there are still women that will not make good decisions with their loans. As a whole women are not prospering into bigger and better things, they are digging themselves a big hole financially that will become severely hard and painful to obtain equilibrium. Of …show more content…
This can cause a significant number of problems when it comes to poverty. Not having a bank account can lead to many things. Women in third world countries have no place to keep their money other than under their own surveillance. This leads to possibilities such as their money being stolen by the less wealthy of their community. Another example would be that women do not realize how much money they,re spending and they lose track of their money and before they can realize it, the money is gone. This factor play a gigantic role on women's lives even though they should be able to manage their own money. In this instance it does not only apply to women but since women receive 80% of microloans in third world countries they are better to use for an
Achieving the American Dream is harder for women. The American Dream is becoming harder to achieve for men and women. Companies want men because they do not need maternity leave and there are less complications. Usually, when most people think of the American Dream they think of a house with a white picket fence, two kids, a husband and wife and the husband has a career and the wife stays home. Now more women want to achieve the American Dream, but they want to have the career. It is harder for some of them because of pay, harassment and inequality.
For over centuries, society had established the societal standard of the women. This societal standard pictured the ideal American woman running the household and taking care of the children while her husband provided for the family. However, between 1770 and 1860, this societal standard began to tear at the seams. Throughout this time period, women began to search for a new ideal of American womanhood by questioning and breaking the barriers society had placed upon them.
After the success of antislavery movement in the early nineteenth century, activist women in the United States took another step toward claiming themselves a voice in politics. They were known as the suffragists. It took those women a lot of efforts and some decades to seek for the ratification of the Nineteenth Amendment. In her essay “The Next Generation of Suffragists: Harriot Stanton Blatch and Grassroots Politics,” Ellen Carol Dubois notes some hardships American suffragists faced in order to achieve the passage of the Nineteenth Amendment. Along with that essay, the film Iron-Jawed Angels somehow helps to paint a vivid image of the obstacles in the fight for women’s suffrage. In the essay “Gender at Work: The Sexual Division of Labor during World War II,” Ruth Milkman highlights the segregation between men and women at works during wartime some decades after the success of women suffrage movement. Similarly, women in the Glamour Girls of 1943 were segregated by men that they could only do the jobs temporarily and would not able to go back to work once the war over. In other words, many American women did help to claim themselves a voice by voting and giving hands in World War II but they were not fully great enough to change the public eyes about women.
Every year about a million immigrants come to America in hope to start a better life for their family. They leave with virtually nothing, just the clothes on their backs and a few, hard earned coins. As they start a new life here in the United States, most immigrants tend to notice the drastic differences that are present between their culture and Western society, particularly in the way women are supposed to talk and behave. In the excerpt from “Memoirs of a Girlhood among Ghosts,” Maxine Hong Kingston addresses these hardships as a Chinese girl who is searching for her voice in America. During the excerpt, Kingston portrays fitting into these “cultural expectations” as absolutely necessary, as shown in the last paragraph in Page 10. She says things like “If you don’t talk… then you can’t be a house wife.” Or “Don’t you ever want to be a cheerleader?” (Kingston 10) At the time of this scene, the narrator was so sure that the American way was the right way, that she bullies a younger student into changing. Alas the student never changes and the narrator falls sick for a year and a half because of her ill actions. However, plenty has changed since that time of the Korean War (1950’s.) Nowadays, these expectations of what is an American woman are changing. Compared to the 1950’s, women currently are holding much more power, and are viewed as a superior sex symbol.
I was once told I had the world in my hands by my vice principal. The reason for his statement was because I was a Hispanic young woman with above average grades, and my involvement in extracurricular activities. Why was being a Hispanic young woman so much more special? This is where the harsh reality set in; Hispanic women have the tendency to not achieve their goals.
Women in Latin America were expected to adhere to extreme cultural and social traditions and there were few women who managed to escape the burden of upholding these ridiculous duties, as clearly shown in “Chronicle of a Death Foretold”. First, Latin American women were expected to uphold their honor, as well as their family's honor, through maintaining virtue and purity; secondly, women were expected to be submissive to their parents and especially their husbands; and lastly, women were expected to remain excellent homemakers.
Are women living in developing countries empowered by micro-loans? 80% of women are the clients for microfinance organizations. Women in developing countries are being helped by microfinance organizations. They are becoming more independent and not worrying about how much money they will get based on their husbands job. These organizations are helping women get the same jobs done, but faster, which creates more time to do different jobs that are more important to them. Women in developing countries are being affected and helped by these microfinance organizations and micro-loans each day.
In many developing countries globalization has brought masses of wealth to the elite at the expense of the poor. Consequently, many women of the poorer classes leave their homeland in search of opportunities for employment. These women are disproportionately affected by poverty, lack of access to education, discrimination, racism, and lack of economic opportunities.
The most pressing challenge is women’s access to finance as well as the cost of finance. Since women are perceived to be more “risky” as entrepreneurs, collateral requirements for women are much stricter in comparison to men. Oftentimes, the collateral necessary for a loan is land or a property deed, which women tend to have little of. Moreover, it is difficult for women to provide collateral because they are often under the supervision of male relatives and cannot freely manage their assets. Women are also less likely to provide collateral because the risk of losing the land not only affects them but their family as well. Increased access to proper financing strategies and loans would allow businesswomen to expand their businesses internally and externally. This would result in a significant influx of sustainable businesses into the country, which would translate into substantial economic growth due to more job creation.
Overall, microcredit has helped millions of people around the world and it continues to have a great impact on poor people, informing them that all they need is a little ‘push’ or start-up money to begin creating a better life and subsequently a better community. Each organization has its own goals and purposes depending on the country where they reside as well as different challenges that have appeared. Microcredit is helping poor people and small business owners to better themselves as well as to their families and have their time, skills, and ideas utilized in an effective and positive way.
King E and Hill A, Women's Education in Developing Countries: Barriers, Benefits, and Policies. London: World Bank publications. 1997. Print.
Entrepreneurship promotion and development have been identified as one of the key components of the nation’s economic development strategy. Entrepreneurial resource has been considered a crucial input in the process of this economic development. Micro-entrepreneurial ventures are considered the most critical factor that would lay the foundation in an economically struggling third world developing country . These entrepreneurial ventures will help both the urban and rural population through creation of jobs, a rescue out of unemployment and poverty and thereby impact upon developing skills, self-esteem and self sufficiency. In this way, this will certainly contribute to the overall development of the economy. Entrepreneurship among women is a recent phenomenon. In a developing country like India, a favourable socio-economic environment could help in exploiting the latent entrepreneurial talents among women. There are certain unfavourable conditions that often hinder the emergence of such entrepreneurial talents. However, despite of these situational constraints, more and more women are today entering the field of entrepreneurship in India.
Though women constitute about 50 per cent of population, the percentage of small scale enterprise where women own 51 per cent of share capital is less than 5 per cent. Women are often denied credit by bankers on the ground of lack of collateral security. Therefore, women’s access to risk capital is limited.
...ds & Gelleny, 2007). Moreover, the status of women is independent on policy adjustments in developing countries. Governments in developing countries should organize an economically and political stable environment, to be economically attractive (Maxfield, 1998 as cited in Richards & Gelleny, 2007). Other critics state governments are forced to cut expenditures in education and social programs. This phenomenon especially affects women (Ayres and McCalla, 1997, as cited in Richards & Gelleny, 2007). Since the public sector is one of the main employers of females, women are often the most disadvantaged by governmental efforts to cut expenditures in the public sector (Hemmati and Gardiner, 2004, as cited in Richards & Gelleny, 2007). As a result, women will become unemployed and unable to expanded education among themselves or their children. (Richards & Gelleny, 2007)
Women play multifaceted roles and do remarkable works in their respective areas for the welfare of the families, communities and the nation. Kitty party funds help women to increase their income-earning abilities, leading to greater power to overcome cultural asymmetries. Kitty party funds rely more on pooling the poor’s savings have more appeal than microcredit. Microfinance sector is led by microcredit, kitty part funds could bring even more business in this. This paper throws light on the role of kitty party funds in the development