Feedback Form
Home Features Mastermind Forums About Advertise Blog Network Contact Be An Author

How does microfinance help the poor? FAQ

How does microfinance help the poor? FAQ

Experience shows that microfinance can help the poor to increase income, build viable businesses, and reduce their vulnerability to external shocks. It can also be a powerful instrument for self-empowerment by enabling the poor, especially women, to become economic agents of change.

Poverty is multi-dimensional. By providing access to financial services, microfinance plays an important role in the fight against the many aspects of poverty. For instance, income generation from a business helps not only the business activity expand but also contributes to household income and its attendant benefits on food security, children's education, etc. Moreover, for women, who, in many contexts, are secluded from public space, transacting with formal institutions can also build confidence and empowerment.

Recent research has revealed the extent to which individuals around the poverty line are vulnerable to shocks such as illness of a wage earner, weather, theft, or other such events. These shocks produce a huge claim on the limited financial resources of the family unit, and, absent effective financial services, can drive a family so much deeper into poverty that it can take years to recover.





How does microfinance help the poor FAQ - To learn more about this author, visit Microfinance Gateway's Website.

Like this article? Share it with your friends

Article Feedback
 Article Feedback No article feedback found.
  Leave Your Feedback
article feedback

Article Feedback

To learn more about the Evan Elite Author Program please contact us.

About The Author


Microfinance Gateway
(Visit Microfinance's Website) The Microfinance Gateway (the Gateway) is the most comprehensive source of information for and about the microfinance industry. It includes research and publications, discussion groups, specialized resource centers, organization and consultant profiles, and the latest news, events, and job opportunities in microfinance. Its guiding vision is to enable microfinance industry participants to generate value, innovate and engage in the free flow of ideas by effectively utilizing the Gateway's knowledge assets.

Microfinance Gateway is a Gold author on EvanCarmichael.com
About The Author

View Author Blog
View Author Blog

View Author Video
View Author Video

Free Downloads


Microfinance Gateway's

Complete
List Of
African-Accounts
Articles

Name
Email
If you enjoyed this article, get Microfinance Gateway's Complete List of African-Accounts Articles For FREE!

More Microfinance Gateway
What is a Microfinance Institution MFI
What is the governments role in supporting microfinance FAQ
Why do MFIs charge such high interest rates to poor people FAQ
When is microfinance NOT an appropiate tool FAQ
Who are the clients of microfinance FAQ
What is the role of the financial regulator in supporting the development of microfinance FAQ
How does microfinance help the poor FAQ
Arent the poor too poor to save FAQ
What is microfinance FAQ
Can microfinance be profitable FAQ
Free Downloads


 
 
 


Evan Elite Authors
Linda Richardson  
Dave Kurlan  
Anne Barr  
Evan Elite Authors

Become An Author
Have you written articles that would be of value to entrepreneurs? Become an expert on our site by publishing them! Expose yourself to a wide audience, drive more traffic to your website and get more sales! Click Here for details.
Become An Author

Evan's Latest Video
Modeling the Masters: Learn the true secrets behind Walt Disney's business success factors & grow your company! Video produced by Phanta Media
Evan's Latest Video

Business Opportunities
"Learn straight from Evan how you can Make a Full Time Income (And More) from a Website"

How to Start An Online Business

Click Here To Learn More
Business Opportunities



Evan's Newsletter
Get advice & tips from famous business owners, new articles by entrepreneur experts, my latest website updates, & special sneak peaks at what's to come!
Name:
Email:
Evan`s Newsletter

Free Downloads
Visual Pipeline Icon Visual Pipeline
Disciplines of Success Icon Disciplines of Success
3 Deadly Traps Icon 3 Deadly Traps
Risk Management Icon Risk Management
Business Wisdom Icon Business Wisdom
Free Downloads - Complete List

Entrepreneur Tools and Guides
Top 50 Blogs For Startups To Watch In 2009
Top 50 Blogs For Startups
Top Blogs To Watch In 2009
 
Top 50 Political Blogs
Top 50 Political Blogs
Top Political Blogs of 2009
 
Entrepreneur Tools and Guides

SEO For Africa
SEO For Africa
Irene Gakii Nairobi, Kenya,
Irene Gakii
Nairobi, Kenya
SEO For Africa

If I Were A Startup...
Geoff Whitlock, $53k to $507k in 3 years
Geoff Whitlock
$53k to $507k in 3 years
Dana Zita, > $2.5 Mil in revenues
Dana Zita
> $2.5 Mil in revenues
If I Were A Startup... - Complete List

Famous Entrepreneurs
Anita Roddick, The Body Shop
Anita Roddick
The Body Shop
Coco Chanel, Chanel Inc.
Coco Chanel
Chanel Inc.
Famous Entrepreneurs - Complete List

Entrepreneur Advice
Jay Conrad Levinson, Guerilla Marketing
Jay Conrad Levinson
Guerilla Marketing
Keith Ferrazzi, Never Eat Alone
Keith Ferrazzi
Never Eat Alone
Entrepreneur Advice - Complete List

Popular Articles
(Premium Authors)

     The 5 Biggest Sales Management Coaching Blunders
By Steven Rosen
     5 Ways to Gauge Sales Management Coaching
By Steven Rosen
     Recession Proofing Your Sales Force
By Steven Rosen

Have A Suggestion?
Toronto Salsa Classes / Toronto Salsa Lessons Email us your ideas on how to make our website more valuable! Thank you Sharon from Toronto Salsa Lessons / Classes for your suggestions to make the newsletter look like the website and profile younger entrepreneurs like Jennifer Lopez and Sean Combs!
Have A Suggestion?

More Evan Carmichael
More Information