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Multiple Meanings of Money: How Women See Microfinance

by Smita Premchander, V Prameela, M Chidambaranathan and L Jeyaseelan SAGE Publications Pvt. Ltd
Pub Date:
Pbk 288 pages
AU$59.99 NZ$63.47
Product Status: Out of stock. Not available to order.
This book analyses what microfinance money means to women; and in doing so, it focuses on the perspectives of individual women and of women-only groups. It explores women's own money management strategies, group dynamics and learning processes in groups, and in this context, discusses the divergence between the perspectives of external intervening agencies, and those of women who are members of Self-Help Groups. One of the important aspects of this study is taking into cognizance women's own experiences. Based on case studies and participatory research methods, it spans issues from macro to micro level, and focuses on women as agents of change in their own livelihoods. Multiple Meanings of Money: How Women See Microfinance does not consciously follow a feminist methodology; yet the perspective is feminist, as it questions the benefits and costs to women from development programmes. The feminist principles used include a focus on gender, valuing women's experiences and emphasizing women's empowerment, political change and emancipation. This book is a must read for professionals working in the sectors of microfinance and gender issues, as well as for policy makers. It will also be useful for those studying and engaged in social work.

Interpreting Multiple Meanings of Money Poverty in India and Role of Microfinance Livelihoods Context Use of Money by Individuals and Groups Use of Money by Groups and Group Dynamics

In this book, Smita Premchander, with her sustained grassroots understanding, has done a commendable job of delving into women`s life experiences and elaborating the meanings of money from their perspectives.

The book takes a feminist approach, as it questions the benefits and costs of development programmes for women…Money is a social relationship. It is a continued relationship of mutual trust. This book succinctly elaborates how relationships of trust are built, based on mutual respect. On the contrary, when women are seen merely as beneficiaries or clients, no relationships are formed and there is no possibility of empowerment.
M Chidambaranathan is engaged in research, participatory impact and evaluation studies; designing impact monitoring systems; and coordination of field based poverty reduction and womenas empowerment projects in the area of sustainable rural livelihood systems, microfinance and peopleas organizations, for over 15 years. He has published more than 15 articles.