THE ROLE OF MICROFINANCE IN RIGHT-BASED APPROACH TO FOOD IN AFRICA

The purpose of this paper is to explore the role of microfinance to food security using the lens of the Right-Based Approach to food. The paper adopts a qualitative research methodology, following an exploratory research design. The research findings show that microfinance has a positive contributio...

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Bibliographic Details
Main Authors: Mago Stephen, Mutami Cephas
Format: Article
Language:English
Published: Russian Journal of Agricultural and Socio-Economic Sciences 2014-05-01
Series:Russian Journal of Agricultural and Socio-Economic Sciences
Subjects:
Online Access:http://www.rjoas.com/issue-2014-05/article_01.pdf
Description
Summary:The purpose of this paper is to explore the role of microfinance to food security using the lens of the Right-Based Approach to food. The paper adopts a qualitative research methodology, following an exploratory research design. The research findings show that microfinance has a positive contribution towards rights to food and food security. However, in other African contexts, microfinance worsening the status of the poor. It was thus established that proper management of microfinance programs is likely to bring more benefits than problems. Making the ‘right to food’ and the ‘right to credit’ aspects of human rights will strengthen the productive systems of food to ensure sustainable supplies for effective food security mechanisms. The paper recommends that the linkage between microfinance and food rights be escalated to policy level discussions. Policies that promote a combination of the two rights need to be developed.
ISSN:2226-1184