Islamic Microfinance Institutions and Women's Empowerment: Addressing Challenges and Prioritizing Solutions
DOI:
https://doi.org/10.61707/rfqe8506Keywords:
Women Empowerment, Islamic Microfinance, Challenges, Solutions, IndonesiaAbstract
This study analyzes the challenges in empowering women with Islamic Microfinance and formulates priority solutions. The challenge analysis was conducted on six aspects including: regulation, empowered women, Institutional Microfinance Institutions (IMFIs), IMFIs (programs), business, and finance. Employing a qualitative approach, this study utilized the Delphi Analytic Network Process (DANP) involving 12 experts from academia, practitioners, associations, and regulatory bodies. Three primary challenges in women's empowerment were identified: first, empowered women face challenges managing their time due to domestic and economic responsibilities (0.324); second, IMFIs have a limited outreach, resulting in constrained empowerment information (0.321); and third, women lack knowledge and skills to manage their finances. To address these issues, three priority solutions are proposed: first collaboration among IMFIs to offer mentoring (0.237); second, development of social programs by IMFIs (0.236); and third, provision of expert mentors by IMFIs.
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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
CC Attribution-NonCommercial-NoDerivatives 4.0