SUFFiciENcy EcONOMy ANd GRASSROOtS DEvElOPMENt
SUFFiciENcy EcONOMy ANd GRASSROOtS DEvElOPMENt
SUFFiciENcy EcONOMy ANd GRASSROOtS DEvElOPMENt
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294<br />
3. Expansion in<br />
employment<br />
4. No Change in<br />
employment position<br />
The Meaning of Sufficiency Economy <br />
International Conference<br />
33 20 57<br />
40 46 114<br />
Total 100 95 206<br />
Source: Field data<br />
Note: Figures given in parenthesis indicate percentage.<br />
100<br />
(27.42)<br />
200<br />
(49.88)<br />
401<br />
(100.00)<br />
120<br />
100<br />
80<br />
60<br />
40<br />
20<br />
0<br />
Unemployment to self –<br />
employment<br />
Wage employment to self –<br />
employment<br />
Expansion in employment<br />
No Change in employment<br />
position<br />
SHGs – NGOs H.D.Kote SHGs – NGOs of K.R.Nagar SHGs – NGOs Mysore<br />
Change in Household Employment and Income: An integrated approach of<br />
Change in Household Employment and Income: An integrated approach of<br />
microfinance could be be to to engage in hybrid programmes – microfinance-plusapproach,<br />
where the microfinance intermediary itself itself or or a a collaborating organism<br />
offers financial services in combination with other complementary services, such as<br />
offers financial services in combination with other complementary services, such as<br />
training in enterprise management, education in health and nutrition. This approach<br />
training would allow in enterprise the vulnerable management, poor microfinance education in health clientele and to nutrition. expand This their approach economic<br />
would<br />
basis or<br />
allow<br />
income).<br />
the vulnerable poor microfinance clientele to expand their economic<br />
basis or income). <br />
Change in Household Assets <br />
The studies showed that the participation in microfinance programme led to<br />
18<br />
improvement in financial assets, enterprise assets, household physical assets, human<br />
assets, social assets, etc. The introduction of compulsory or voluntary savings in<br />
microfinance leads to higher rates of savings (Barnes, 2001). The cross county study<br />
on impact of microfinance on acquisition of durable assets found that extremely<br />
poor households acquired household accessories like, stove, refrigerator, electronics<br />
appliances, modes of transport, etc. (ibid). In India, Chen and Snodgrass (2001)<br />
find a positive impact on spending for home improvement among all<br />
borrowers. Borrowers with multiple sequential loans spend significantly more<br />
on housing improvements, appliances and transport equipment’s than the nonmembers<br />
of microfinance programme (Barnes, 2001).<br />
The microfinance programme has created and nurtured the habit of thrift and<br />
savings in the members. There were only 6.3 and 1.9 per cent of the microfinance<br />
members in H.D.Kote and K.R.Nagar who were saving prior to joining the<br />
microfinance. However, in the post microfinance all the members are having<br />
compulsory savings accounts. The mean savings were Rs. 1593 and Rs.1110 per