THE ROLE OF MICROFINANCE IN EMPOWERING WOMEN: THE CASE OF AMAHARA CREDIT AND SAVING INSTITUTION IN NORTH GONDAR ZONEAMAHARA NATIONAL REGIONAL STATE, ETHIOPIA

Abstract

The purpose of this study has been to identify the role of microfinance institution specifically the role ofACSI to empower women in the case of North Gander zone in selective districts. In this study mixed research approach and exploratory sequential research design were used, data were collected using questioner, in-depth interview and FGD and both quantitative and qualitative method of data analysis were employed. The study found out that improved access to ACSI has been able to empower women economically. Although the results vary, the study indicated that the income and saving levels of the majority of the clients have increased after the delivery of ACSI. Encouraging results have also been shown in the enhancement of the women’s of self-confidence with respect to the capability to work on their own and improvetheir lives. There were also an indication of enhancement in the decision making power of women and in their political empowerment as reflected in respect for their legal rights, ownership of household assets and holding of political positions. The study recognizes the limits of the transformative capacities of microfinance and it shows that financial empowermentdoes not necessarily lead to a transformation in gender relationships which