WOMEN ECONOMIC EMPOWERMENT VIA MICROCREDIT FINANCE-THE ROLE OF NIGERIAN AGRICULTURAL CO-OPERATIVE AND RURAL DEVELOPMENT BANK (NARCDB)

Hauwa'u Ibrahim Yero

Abstract


The last three decades has globally, regionally and at country level witnessed a greater visibility and attention on gender issues and women’s empowerment. However the progress in promoting women’s economic empowerment has been hampered by various constraints (Dejene, 2007), such as lack of, inadequate, and or in easy access to funds among others which lead to lower participation of women in micro credit finance. Their contribution to economic growth has been continually underappreciated and under supported. This study therefore aimed at testing the veracity of micro financing by looking at the operations of Nigerian Agricultural Cooperative and Rural Development Bank (NACRDB) and its ability to enhance women economic empowerment. Using convenient sampling, Focus Group interview was conducted with two women groups in Sabon Gari and Giwa Local Government Areas of Kaduna State who benefits from the banks credit scheme. Interview was also made with desk officer (NACRDB) Zaria branch, to elicit information on the bank’s finances to women in the area. The paper found among others that insufficient and untimely disbursement of loan affects the smooth operations of the women. It therefore recommended an improvement towards this; and to provide an avenue where they sell their produce when the price appreciate for them to earn more income. 

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