Processes, Challenges, and Outcomes of the Self-Provision of Micro-Credit Schemes by Women's Groups in Chókwè Region, Mozambique

Abstract

The majority of poor people in Mozambique have been excluded from getting loans, even from traditional financial institutions, since they do not have valuable assets or credit histories to enable them to be legible from those loans. This chapter focused on the self-provision of micro-credits by the community grouping from the 4th Neighbourhood in Chókwè district as the selected case study. This chapter examines and evaluates the effectiveness of micro-credit schemes in alleviating poverty and creating jobs for women. The chapter found that self-mobilization and solidarity were crucial in enhancing the self-provision of micro-credit schemes. The data for this chapter was obtained through the use of interviews with 20 women operating under self-credit schemes at 4th Neighbourhood in Chókwè region.