Microfinance: Perils and Prospects

2017-12-16 21:34:33 Viewed: 3857 Downloads: 951
  • Microfinance: Perils and Prospects

      Jude Fernando

     Publisher:

    Pub: 2017-12-16 21:34:33

    Email it to me(Requires login) Download this PDF file

  • ecedented success of the Grameen Bank which continues to provide millions of dollars in loans to poor people in Bangladesh via their internationally recognized microfinance program. Some important characteristics associated with microcredit are collateral free lending, low interest loans, reaching the poorest of the poor, and the formation of credit groups (p. 25). Greater participation and maximization of social capital, along with increased empowerment, poverty reduction, and providing opportunities and capital for entrepreneurship are all beneficial impacts associated with present-day microfinance interventions; which have also tended to prioritise the provision of loans to women. While there have been documented cases of failure, on balance, impressive loan repayment rates, participation rates of women, and improved entrepreneurial skills, are examples of key successes associated with microfinance. This evidence of success is also used to support the propagation of the microfinance model, as a strategy for poverty reduction and empowerment of women. 

    Email it to me(Requires login) Download this PDF file
  • Email it to me(Requires login) Download this PDF file

  • References are not ready for this file yet, please refer to reference from the PDF file

  • Keywords

    Microfinanace, Perils, Prospect

Other Informations

Top