Microcredit as a strategy for employment creation: A systematic review of literature
National governments and their development partners have considered microcredit as a strategic tool for vulnerable populations. Easy access to finance increases the client’s ability to invest and allows clients to use resources to change their behaviour, increase their business opportunities and cre...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Taylor & Francis Group
2022-12-01
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| Series: | Cogent Economics & Finance |
| Subjects: | |
| Online Access: | https://www.tandfonline.com/doi/10.1080/23322039.2022.2060552 |
| _version_ | 1819047481397215232 |
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| author | Djihad Tria Mukaramah Harun Mahmudul Alam |
| author_facet | Djihad Tria Mukaramah Harun Mahmudul Alam |
| author_sort | Djihad Tria |
| collection | DOAJ |
| description | National governments and their development partners have considered microcredit as a strategic tool for vulnerable populations. Easy access to finance increases the client’s ability to invest and allows clients to use resources to change their behaviour, increase their business opportunities and create employment. This paper aims to review studies that focused on microcredit and employment issues affecting beneficiaries, including gender-based employment creation and the informal sector. Through a systematic search of electronic databases and keywords to identify relevant studies, 40 core articles are identified for the period 1998–2021. The results indicate the significant impacts of microcredit on women’s employment creation and business revenue of microenterprises in the informal sector. Moreover, a few studies set out to integrate gender employment creation and the informal sector with reference to microcredit. A framework is proposed to address the relationship between employment structure and microcredit. Finally, this study recommends developing a financial social accounting matrix and run empirical analysis on macro modelling such as input-output or general equilibrium modelling. Doing so will help obtain better understanding of how microcredit participation is associated with employment creation in different sectors and different types of household groups. |
| first_indexed | 2024-12-21T11:01:03Z |
| format | Article |
| id | doaj.art-7629405362d241f9a6f32af1f0b85eab |
| institution | Directory Open Access Journal |
| issn | 2332-2039 |
| language | English |
| last_indexed | 2024-12-21T11:01:03Z |
| publishDate | 2022-12-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Cogent Economics & Finance |
| spelling | doaj.art-7629405362d241f9a6f32af1f0b85eab2022-12-21T19:06:20ZengTaylor & Francis GroupCogent Economics & Finance2332-20392022-12-0110110.1080/23322039.2022.2060552Microcredit as a strategy for employment creation: A systematic review of literatureDjihad Tria0Mukaramah Harun1Mahmudul Alam2School of Economics, Finance & Banking, Universiti Utara Malaysia, Sintok, MalaysiaEconomic and Financial Policy Institute, School of Economics, Finance & Banking, Universiti Utara Malaysia, Sintok, MalaysiaEconomic and Financial Policy Institute,School of Economics, Finance & Banking, Universiti Utara Malaysia, Sintok, MalaysiaNational governments and their development partners have considered microcredit as a strategic tool for vulnerable populations. Easy access to finance increases the client’s ability to invest and allows clients to use resources to change their behaviour, increase their business opportunities and create employment. This paper aims to review studies that focused on microcredit and employment issues affecting beneficiaries, including gender-based employment creation and the informal sector. Through a systematic search of electronic databases and keywords to identify relevant studies, 40 core articles are identified for the period 1998–2021. The results indicate the significant impacts of microcredit on women’s employment creation and business revenue of microenterprises in the informal sector. Moreover, a few studies set out to integrate gender employment creation and the informal sector with reference to microcredit. A framework is proposed to address the relationship between employment structure and microcredit. Finally, this study recommends developing a financial social accounting matrix and run empirical analysis on macro modelling such as input-output or general equilibrium modelling. Doing so will help obtain better understanding of how microcredit participation is associated with employment creation in different sectors and different types of household groups.https://www.tandfonline.com/doi/10.1080/23322039.2022.2060552Microcreditinformal sectorjob creationmicroenterprise |
| spellingShingle | Djihad Tria Mukaramah Harun Mahmudul Alam Microcredit as a strategy for employment creation: A systematic review of literature Cogent Economics & Finance Microcredit informal sector job creation microenterprise |
| title | Microcredit as a strategy for employment creation: A systematic review of literature |
| title_full | Microcredit as a strategy for employment creation: A systematic review of literature |
| title_fullStr | Microcredit as a strategy for employment creation: A systematic review of literature |
| title_full_unstemmed | Microcredit as a strategy for employment creation: A systematic review of literature |
| title_short | Microcredit as a strategy for employment creation: A systematic review of literature |
| title_sort | microcredit as a strategy for employment creation a systematic review of literature |
| topic | Microcredit informal sector job creation microenterprise |
| url | https://www.tandfonline.com/doi/10.1080/23322039.2022.2060552 |
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