Liberating women from poverty via micro financing: a review of Sudan and selected countries

Abstract

Economic globalization, specifically international funding agencies have been perceived as affecting economic conditions of female gender all over the world, particularly in developing countries. Across an extensive literature review of earlier works on micro enterprise funding, this paper aims to identify trajectories to alleviate poverty among the female gender. The value of this paper lies in its intention to identify microfinance as an essential element to liberate rural poor women from poverty. A practical implication of this paper is that government can generally assist such pocket citizens by setting up micro enterprise financing agencies that help build small businesses, offer training to manage the businesses until they are able to stand independently while responsible towards their loans. Our focus of discussion is North Sudan, as the female gender in this country demonstrates potentials to cater for themselves and their family while expanding their microenterprises.