Microfinance Institutions and Their Influence on Personal Financial Behavior DOI

NUR AISYA LAILA ALIAS

SSRN Electronic Journal, Год журнала: 2024, Номер unknown

Опубликована: Янв. 1, 2024

This chapter examines the role of microfinance institutions (MFIs) in shaping personal financial behavior individuals, particularly context contemporary issues planning. The offers a detailed exploration industry, tracing its evolution and analyzing impact on decision-making processes individuals from diverse socioeconomic backgrounds. Through critical analysis existing research empirical evidence, delves into how MFIs have influenced savings, borrowing, investment, risk management practices among their clients. findings this contribute to deeper understanding interplay between planning, offering valuable insights that can inform policy decisions guide development more effective inclusion strategies. abstract sets stage for thorough examination theoretical frameworks models commonly used literature, providing solid foundation subsequent multifaceted relationship behavior.

Язык: Английский

Microfinance Institutions: Catalysts for Improved Personal Financial Behavior DOI

NUR AISYA LAILA ALIAS

SSRN Electronic Journal, Год журнала: 2024, Номер unknown

Опубликована: Янв. 1, 2024

In today's dynamic world, navigating personal finances can be a complex challenge. This is especially true for low-income individuals who often lack access to traditional financial services. Microfinance institutions (MFIs) emerge as beacon of hope, offering lifeline those previously excluded from the mainstream. paper delves into transformative power MFIs, exploring their profound influence on behavior. We will embark journey understand diverse services offered by microloans and savings accounts literacy training. By dissecting these tools, we uncover how they empower cultivate responsibility, establish healthy habits, even ignite entrepreneurial ventures. Through compelling case studies insightful research, illuminate positive impact MFIs planning decisions, debt management, long-term wealth creation. However, path not without its hurdles. critically examine challenges over-indebtedness importance client protection measures. acknowledging complexities, pave way more sustainable impactful future microfinance. Ultimately, this exploration aims shed light potential catalysts improved behavior, fostering inclusion empowering chart brighter future.

Язык: Английский

Процитировано

1

The Contribution of Microfinance Institutions to Personal Financial Management DOI

NUR AISYA LAILA ALIAS

SSRN Electronic Journal, Год журнала: 2024, Номер unknown

Опубликована: Янв. 1, 2024

This chapter investigates the pivotal role of microfinance institutions (MFIs) in enhancing personal financial management among economically marginalized communities. It provides a comprehensive analysis how MFIs contribute to inclusion by offering essential services such as microloans, savings accounts, and literacy training. Through mixed-methods approach, combining quantitative performance metrics with qualitative interviews case studies, research elucidates multifaceted impact on individual behaviors outcomes.The component involves rigorous assessment data from diverse sample MFI clients, highlighting improvements key indicators rates, debt management, investment activities. The aspect enriches these findings presenting in-depth narratives revealing enhanced access credit have transformed their decision-making processes economic resilience.The results demonstrate that significantly bolster clients' abilities manage finances more effectively, leading increased stability reduced vulnerability shocks. Furthermore, study identifies critical success factors best practices within operations positive outcomes, personalized counseling community-based support mechanisms.This concludes discussing broader implications for policy development strategies, advocating expansion tool promoting sustainable development. By shedding light transformative potential MFIs, this underscores importance fostering empowerment bridging gap.

Язык: Английский

Процитировано

0

Microfinance Institutions and Their Influence on Personal Financial Behavior DOI

NUR AISYA LAILA ALIAS

SSRN Electronic Journal, Год журнала: 2024, Номер unknown

Опубликована: Янв. 1, 2024

This chapter examines the role of microfinance institutions (MFIs) in shaping personal financial behavior individuals, particularly context contemporary issues planning. The offers a detailed exploration industry, tracing its evolution and analyzing impact on decision-making processes individuals from diverse socioeconomic backgrounds. Through critical analysis existing research empirical evidence, delves into how MFIs have influenced savings, borrowing, investment, risk management practices among their clients. findings this contribute to deeper understanding interplay between planning, offering valuable insights that can inform policy decisions guide development more effective inclusion strategies. abstract sets stage for thorough examination theoretical frameworks models commonly used literature, providing solid foundation subsequent multifaceted relationship behavior.

Язык: Английский

Процитировано

0