Like ill health, natural disasters are another area of vulnerability for the poor. Research shows that when disaster strikes, the poor are not only in a greater danger of falling victim, but suffer disproportionately greater losses. For poor people, the resulting lost income may force them to sell their land, livestock or their tools, send their children to work rather than to school, or eat less. Such drastic measures may mean survival, but they make it much harder for vulnerable households to escape poverty.13 According to Salvano Briceño, Director of the UN/ISDR Secretariat, “Investing in disaster risk reduction reduces the vulnerability of people to hazards and helps break the vicious cycle of poverty. We need to engage the microfinance community into a dialogue on reducing the impact of natural hazards on populations and livelihoods."
Microfinance: A Platform for Social Change by Marge Magner March 2007 Grameen Foundation
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Grameen Foundation
(Visit Grameen's Website)
Grameen Foundation's mission is to empower
the world's poorest people to lift
themselves out of poverty with dignity
through access to financial services and
to information.
With tiny loans, financial services and
technology, we help the poor, mostly
women, start self-sustaining businesses to
escape poverty. Founded in 1997 by a group
of friends who were inspired by the work
of Grameen Bank in Bangladesh, our global
network of microfinance partners reaches
over 3.6 million families in 25 countries.
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