How does microfinance help the poor? FAQ
How does microfinance help the poor? FAQ
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
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
| |||
 |
No article feedback found. | ||
|
Leave Your Feedback | ||
|
|||
 Enhancing Microfinance Efficacy through Integrated Services
| |||
| Most microfinance organizations serve what we define as the extreme and the moderate
poor. |
|||
|
Who are the clients of microfinance? FAQ
| |||
| The typical microfinance clients are low-income persons that do not have access to formal financial institutions. Microfinance clients are typically self-employed, often household-based entrepreneurs. In rural areas... |
|||
|
What is microfinance? FAQ
| |||
| To most, microfinance means providing very poor families with very small loans (microcredit) to help them engage in productive activities or grow their tiny businesses. Over time, microfinance has come to include a ... |
|||
|
IV. Module II: Linking Microfinance to Poverty Eradication
| |||
| There is a fundamental linkage between microfinance and poverty eradication in that the
latter depends on the poor gaining access to, and control over, economically productive
resources, which includes financial r... |
|||
|
Improving Microfinance as an Anti-Poverty Tool
| |||
| As Father Joseph Philippe, the
co-founder of the Haitian MFI Fonkoze,
states: “You can’t just give a woman a
loan and then send her on her way - you
have to accompany her as she struggles
to make her way out of... |
|||
| |||
|
To learn more about the Evan Elite Author Program please contact us. | |||
 |
|
|
|
 |
| Modeling the Masters: Learn the true secrets behind Walt Disney's business success factors & grow your company! Video produced by Phanta Media |
 |
 |
| 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. |
 |
 | ||
 |
||
 |
||
 |
||
|
| ||
|
|
|
Get advice & tips from famous business owners, new articles by entrepreneur experts, my latest website updates, & special sneak peaks at what's to come!
|
|
|
 |
 Instant Scripts Testing and Measuring Dismiss a Franchise 10 Areas of Differentiation ACES Research Report |
|
 | ||
 |
Email The Reporters
Press Release Builder | |
 |
Top 50 SEO Posts - 2007
Top SEO Posts of the Year | |
| ||
 |
|
|
|
|
||||||||||||||||||||||||
|
|
|
||||||||||||
