CEU Electronic Theses and Dissertations, 2012
| Author | Temirbekova, Nurgul Emilevna |
|---|---|
| Title | Microfinance in Kyrgyzstan: Facilitating Women's Economic Empowerment |
| Summary | Within a decade Kyrgyzstan became a leader among the former Soviet Central Asian states in using microfinance as a tool for fighting poverty and developing market economy through small and medium enterprises. Today the majority of clients of microfinance institutions in Kyrgyzstan are women, who have been traditionally excluded from formal finance and equal treatment at work, family and community. This thesis aims to examine the problems of the microfinance sector emerging from the activities of the government and microfinancial institutions. Understanding these problems can contribute to appropriate application of microfinance improving its impact on target groups overall and women, as a majority group, in particular. Using semi-structured interviews, on-line newspaper articles and other publications, as well as reports, development strategies and other documents related to microfinance, the research reveals that major obstacles to the effective application of microfinance in the country are unfavorable fiscal and social policies, inadequate legal framework, absence of macroeconomic forecasting and planning for the agricultural sector, and politicization of the microfinance issue on the side of the government, as well as low penetration in regions, over-indebtedness, existence of dishonest MFIs, and few credit complementary services on the side of MFIs. |
| Supervisor | Karoly Zoltan Jokay |
| Department | Public Policy MA |
| Full text | https://www.etd.ceu.edu/2012/temirbekova_nurgul.pdf |
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