We invite you to attend the Thesis Presentation of Ratna Paudyal, a Doctor of Philosophy candidate within the School of Business, in the Faculty of Arts, Business and Law.
Title: Microfinance and Financial Sustainability in Nepal: An Integrative Approach
Presenter: Ratna Paudyal
When: Wednesday 6 June 2pm-3pm
Where: Building D, 1.51
Abstract: While microfinance is often used in developing countries as a poverty alleviation tool, many studies of microfinance programs question their effectiveness as a genuine means of alleviating poverty. A growing body of literature has more recently identified problems with microfinance brought about by the apparent misuse of loans by the finance clients, pointing to clients who have found themselves compelled to use the loan to fund necessary health care and other basic needs. Increasing evidence indicates that minimal support (finance only) is not enough to assist impoverished people because the causes of poverty are multidimensional and the clients need more than finance to break the cycle of poverty.
To assess the usefulness of integrating finance with medical treatment, training, and education in regions of Nepal, t Abstract
his study investigated the perceptions of clients, social workers, and community members about clients’ participation in an integrated microfinance program. The study was conducted in the rural and urban regions of the Kaski and Tanahu districts of Nepal. Data was collected through semi-structured interviews, focus groups, document analysis, and a reflective journal was analysed with a thematic analysis technique using NVIVO.
Having examined the socio-economic issues, the role of integrated microfinance, and its impact on the socio-economic development of impoverished clients, the study concludes that poverty prevents people accessing necessities such as food, clothes, shelter, health care, and education. Poverty results from lack of resources, health issues, illiteracy, and social exclusion. These factors exacerbate the cycle of poverty; therefore, income generation activities must be promoted to break the cycle.
A sustainable solution to the multiple needs of the poor cannot be attained simply by cash grants. For microfinance to make a significant and worthwhile contribution to the lives of impoverished people and their communities, integration of finance, health care, education, and training is essential to increase the capacity to work and earn through the productive use of the resources provided. Furthermore, the research found that it was critical to build or rebuild people’s social capital to ensure the success of every client who participated in this study; hence social capital should also be integrated into microfinance programs.
Bio: Ratna Paudyal who currently works as an accounting lecturer at USC has a Bachelors and Masters degree in Business Studies from Tribhuvan University, Nepal. In addition, he also holds Masters of Accounting and Graduate Certificates in Research Studies (GCRS) with distinction from the University of Western Sydney (UWS), Australia. He has been teaching Accounting, Economics and Finance to undergraduates students in Nepal and Australia since 2003. He has extensive experience working with the impoverished community as a teacher, social worker, volunteers, and project leaders. Ratna is a member of the Rotary Club of Hervey Bay city and working with Rotary since 1996 in various poverty alleviation projects including rebuilding Nepal through health and education project. In 2016 he has received national Citation for Outstanding Contributions to Student Learning: For collaborative, student-centred, dialogic teaching and pastoral care that develops self-efficacy and social capital in business students, particularly underrepresented students, facilitating their transition to employment.
Should you have any questions about this event please contact FABHDR@usc.edu.au.
We look forward to seeing you there.