Microcredit & The Empowerment Framework

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An analysis and history of the original microcredit institution, the Grameen Bank, as well as policy prescriptions for the future.

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[object Object],She defines empowerment as “enlarging the freedom of the poor and marginalized people to make choices and take actions to shape their lives.” There are two distinct parts to the empowerment framework: opportunity structure and poor people’s agency. The opportunity structure describes the formal and informal rules and institutions that give structure to organizational life, as well as the environment that the impoverished live in. Poor people’s agency is defined as “people’s ability to act individually or collectively to further their own interests.” (Narayan 2007, 15)

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