Poverty reduction by financial inclusion of women: evidence from Serbia

Grozdanić, Radmila and Radović-Marković, Mirjana and Vukosavljević, Dejan and Vukosavljević, Danijela (2016) Poverty reduction by financial inclusion of women: evidence from Serbia. In: Development, competitiveness and inequality in EU and Western Balkans. Sofia University St. Kliment Ohridski, Sofia, pp. 101-114. ISBN 978-954-07-4066-9

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Abstract

This paper reviews current thinking on relationship between financial development and poverty alleviation, as a subject getting more important in the policy of financial institutions as well as in state social and economic policies. For that purpose in the paper has been researched the importance of the poverty alleviation and financial loan support to women in Serbia in 2014 with a seasonal dynamics, around which was situated the scope of the paper. Survey targeted all client segments defined on the main statistical base of Serbia for poor and low income inhabitants, and covering geographical regions where operates a financial institution which loans were researched, based on a random sample. Mathematical and descriptive statistical methods were used, as well as a typical fitting measure, Coefficient of determination, for measure of fitting the trend-line with the empirical data. The hypothesis formulated as possible impact of micro finance on poverty decrease proved as positive through influencing on sustaining jobs, indirect and induced, created jobs. Main findings supported the importance of the micro lending together with innovations in products: education, training and business skills upgrading to female clients in poverty alleviation and wealth sustainability.

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