The Precursor for Enhanced Rate of Individual Socio-Empowerment in a Funded Youth Group. Is it Access to Credit or Group Support System?
Journal Title: International Journal of Academic Research in Accounting, Finance and Management Sciences - Year 2016, Vol 6, Issue 4
Abstract
The unemployment and poverty has remained to be a major challenge in the world despite heavy investment directed towards youth and women empowerment initiatives. In doing so most Government and international organizations worldwide in an endeavor to increase socio economic empowerments (increase incomes) of the poor cohorts have used group funding as “a bullet magic”. The purpose of the article is to stimulate critical thinking on basic assumptions among policy makers and youth development practitioners that lays emphases on micro- credit provision but little attention on the group support dynamism as an agency of empowerment which yield to opportunity structure and achievement conditions of empowerment as alluded to by Kabeer (2001). The agency condition influences other conditions of empowerment and therefore the rate of individual socio economic empowerment. This then raises the question that many policy maker and researchers have not answered; that is, what determines or is the precursor and as such, a predictor of empowerment process in groups funding. By answering this question, we shall have the right vehicle through which to drive the agenda of youth empowerment with a renewed vigor and excitement. Since we would have found the medium on which other factors or conditions of empowerment (achievement condition) thrive on thus increasing the rate of individual empowerment. Finally the author’s thoughts are guided by the definitions of empowerment process by Kabeer 2001 and Kishor 2000 and the Model of Positive Youth Development (PYD) to explain and offer provoking thoughts and guidance to study findings by the Mbae F.N 2014 in Embu County Kenya on the influence of youth group funding on individual member’s socio economic empowerment in Kenya.
Authors and Affiliations
Franklin Njue Mbae, Elegwa Mukulu, John M. Kihoro
Keywords
Related Articles
- EP ID EP138920
- DOI 10.6007/IJARAFMS/v6-i4/2277
- Views 91
- Downloads 0
Correlation between BET Index Evolution and the Evolution of Transactions’ Number – Analysis Model
The Impact of Ownership Structure on the Financial Performance of Listed Insurance Firms in Nigeria
Investigating the Impact of Social Capital on Knowledge Management Development (The Case Study: Telecommunication Company of Kashan)
Psychology of Communication – Between Myth and Reality
Communication is a transaction in which man invents and assigns meanings to achieve its objectives. In this context, psychological theories of communication emphasize different components of human communication, includin...
Black-Scholes Models with Inherited Time and Price Memory
In this study, we examine three Black-Scholes option pricing models with inherited time and assess price memories. In other words, we take into consideration the reliance of these models on both the current state and the...