WOMEN S EMPOWERMENT AND RETENTION RATE

WOMEN’S EMPOWERMENT AND RETENTION RATE

Written by:
Bianca Erica D. Bala,  Cristina Mae Y. Chu, Paolo Tristan L. Chu, Dustinmico S. Wee, Junette A. Perez
Department of Financial Management
Ramon V. Del Rosario College of Business
DLSU-Manila

Abstract

There is no clear link between women’s empowerment and retention rate; the next theoretical foundation points toward women’s empowerment and entrepreneurial development. Khan (2018) “finds that participation of women in microfinance, more particularly through self-help groups (SHGs), empowers them in economic, social, psychological, and political factors. The issue as to whether microfinance empowers or disempowers women is an open question.” The paper presents three microfinance institutions and examines retention rates and their effect on women’s empowerment. It is noble to propose that retaining women in the microfinance system and making them eligible to stay in the program can benefit and empower them, thus maximizing access to growth opportunities. However, at the end of the day, retention rates remain a business decision.

Keywords: Microfinance, Women empowerment, Retention Rate, Access to Financing

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