caa a22 4500 606152415 CHVBK 20210128100549.0 cr unu---uuuuu 210128e20150801xx s 000 0 eng 10.1007/s11266-015-9585-z doi (NATIONALLICENCE)springer-10.1007/s11266-015-9585-z Nawaz Faraha University of Rajshahi, Rajshahi, Bangladesh aut Microfinance, Financial Literacy, and Household Power Configuration in Rural Bangladesh: An Empirical Study on Some Credit Borrowers [Elektronische Daten] [Faraha Nawaz] The paper explores the impact of microfinance on multidimensional constructs of empowerment and the catalysts thereof. The reference point for analysis in the paper is the women microfinance borrowers' self perception about their life transmutation as well as that of household power configuration. Unlike other recent research papers on the topic that focus on women's economic empowerment, this paper focuses on both economic and socio-cultural empowerment. The paper is based on both primary and secondary data. Qualitative primary data were collected from women beneficiaries of microfinance in Bangladesh. This paper argues that microfinance can be a useful empowerment tool that can transmute women's economic position and power relationships, but only when combined with financial literacy. It concludes that financial literacy is more important than access to credit and should be the focus of all future microfinance programs. The Author(s), 2015 Power relation nationallicence Empowerment nationallicence Microfinance nationallicence Agency nationallicence Income generating activities nationallicence VOLUNTAS: International Journal of Voluntary and Nonprofit Organizations Springer US; http://www.springer-ny.com 26/4(2015-08-01), 1100-1121 0957-8765 26:4<1100 2015 26 11266 https://doi.org/10.1007/s11266-015-9585-z text/html Onlinezugriff via DOI BK010053 XK010053 XK010000 Metadata rights reserved Springer special CC-BY-NC licence nationallicence 1 research-article jats NATIONALLICENCE NATIONALLICENCE NL-springer NATIONALLICENCE 856 40 https://doi.org/10.1007/s11266-015-9585-z text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Nawaz Faraha University of Rajshahi, Rajshahi, Bangladesh aut NATIONALLICENCE 773 0- VOLUNTAS: International Journal of Voluntary and Nonprofit Organizations Springer US; http://www.springer-ny.com 26/4(2015-08-01), 1100-1121 0957-8765 26:4<1100 2015 26 11266