In the 1980s, bad economic conditions worldwide,
especially in Latin America and Africa have led the IMF and the World Bank to
implement the Structural Adjustment Programs (SAPs). Under the SAPs, many
workers were laid off, salaries reduced and local currencies were devalued. Fonderson (2002) argues that these factors have led to the incremental of women
role in economic activities.The International Financial Institutions (IMF and
the World Bank), national governments and Non-Govermental Organizations have
seen women economic integration as an important mean to alleviate poverty in
many countries. One way these institutions tried to integrate women in the
economy is by providing microcredits (Fonderson, 2002). Microcredits, in this
context, refer to small amount of money given to women to undertake an
economic activity that will reduce poverty.
In Mali, several microcredits initiatives have been undertaken to alleviate poverty rate among women with encouraging results. For example, Nyesigiso, a local malian bank, has started to provide microcredit loans to women in many field, especially in cloth dyeing. Mali has a long history of cloth dyeing. According to Down (2007), malian women have used plants, Kola nuts and mud for dyeing cloths. Nowadays, they use imported dyeing materials and need to borrow money to buy them and improve the quality of their work. Several women have been interviewed and they both agree that these loans have made them improved their buisness and now they are able to take care of their children and their husbands. However, Nyesigiso has imposed disciplinary rules to women to get loans. In order to be eligible for microcredits, women must be part of an organization, attend meetings and training sessions.
In Mali, several microcredits initiatives have been undertaken to alleviate poverty rate among women with encouraging results. For example, Nyesigiso, a local malian bank, has started to provide microcredit loans to women in many field, especially in cloth dyeing. Mali has a long history of cloth dyeing. According to Down (2007), malian women have used plants, Kola nuts and mud for dyeing cloths. Nowadays, they use imported dyeing materials and need to borrow money to buy them and improve the quality of their work. Several women have been interviewed and they both agree that these loans have made them improved their buisness and now they are able to take care of their children and their husbands. However, Nyesigiso has imposed disciplinary rules to women to get loans. In order to be eligible for microcredits, women must be part of an organization, attend meetings and training sessions.
The shea butter microcredits project is
another successful example in Mali. The Islamic Relief Canada, a development
and advocacy organization, has empowered women economically by providing small loans to malian women to boost
they shea butter production. Not only Islamic Relief Canada has provided loans,
but it has trained and monitored women to improve the quantity and the quality of their products. As
a result, women have improved the quantity and quality of their shea butter and
are now able to sell abroad and generate more benefit.
Overall, microcredit loans have been
successful in Mali. It has also demonstrate that malian women can do more with
very little. However, I have some suggestions to make to improve micro credits efficiency.
First, micro credits can be more efficient if interest rates are low because low
interest rates are easier to pay. Second, women should be given the choice to
invest the loans in activities they want because some women are more successful
in self designed projects.
Works cited
Down,M. (2007). Microcredit and Empowerment among Women Cloth Dyers of Bamako, Mali, A Dissertation Presented to the Graduate School of the University of Florida in Partial Fulfillment of the Requirements for the Degree of Doctor of Philosophy University of Florida, 1-146
Down,M. (2007). Microcredit and Empowerment among Women Cloth Dyers of Bamako, Mali, A Dissertation Presented to the Graduate School of the University of Florida in Partial Fulfillment of the Requirements for the Degree of Doctor of Philosophy University of Florida, 1-146
Fonderson, J. (2002).The disciplinary power of micro credit:
examples from Kenya and Cameroon. in Rethinking Empowerment: Gender and
Development in a Global/Local World edited by Jane L. Parpart, Shirin M. Rai
and Kathleen Staudt. New York: Routledge 182-198