Economic impact of microfinance in Nepal: a case study of the Manamaiju Village Development Committee, Kathmandu
The concept of micro-credit was developed to mobilize small savings of poor people to create deposit, which may be accessible to unreachable and un-bankable poor, especially women. The study has highlighted that microfinance is an effective tool for bringing positive impact on the economic status of the respondents along with their family members. It has helped to generate extra income for their family and their own use. The extra income allows the respondents family to buy nutritious food, access to modern health care services and they can afford to send their children to the school. DOI: http://dx.doi.org/10.3126/ejdi.v15i1-2.11861 Economic Journal of Development Issues Vol. 15 & 16 No. 1-2 , pp. 36-49
Impact of Microcredit on Employment Generation and Empowerment of Rural Women in India
This study examines the responsibility of microfinance institutions towards changes in the livelihood practices of the borrowers. Considering a total of 350 borrowers of West Bengal, the impact of microfinance on their lives has been observed empirically by applying different statistical tools. In this study, it has been observed that MFIs with its offerings support to shape up the lifestyle practices of the beneficiaries over time. The microcredit utilisation helps the borrowers to start up income-generating activities and engagement of manpower within their household and beyond. This study contributes to the extant literature on microfinance by comparing pre-loan and post-loan phases and identifies the contemporary role of MFIs. By considering the appropriate framework and approach, this study is explicable towards policymakers for designing further policies in this context and helps identify resources that need to flourish the current state in the future.
Corporations and the Market for Law
The state competition for corporate law has long been studied as a distinct phenomenon. Under the traditional view, corporations are subject to a unique choice-of-law rule, the internal affairs doctrine (IAD). This rule is explained as a historical accident, or by the special logistics of the corporate contract. The resulting market for corporate law appears to have special characteristics, particularly including the dominance by the single state of Delaware. This paper challenges the traditional view. It shows that the corporate law market is best understood as a special application of the general market for law. Any differences are matters of degree rather than kind, and are explained by considerations underlying enforcement of all choice-of-law contracts rather than by factors unique to corporations. It follows that theories of corporate competition that ignore the broader law market context are incomplete, and that the competition for corporate law carries lessons for the law market generally. Moreover, the connection between the corporate and other law markets has implications for the nature of corporate law, the constitutional status of the IAD, the scope of the IAD, and for the relationship between state and federal law.