Microfinance – Does it really work?
Posted By: admin | 2009.11.21
programs, and commercial banks like ABN AMRO, HSBC and Citicorp are rushing down-market, which could increase access to credit for the poor. Some 500 million poor worldwide have reportedly benefited from billion in micro-loans, which supporters want to ramp up to 0 billion. But its critics say there is no solid evidence that microfinance makes a difference, either in developing the economy or reducing poverty. … microfinance microcredit loans rural poverty women empowerment India …
4 Comments:
usmartine / January 1, 2008 9:32 pm
They need to do this with the men also. Give these guys a chance to support their families.
MarcelleeWilliams / April 13, 2008 8:06 pm
Grameen Bank does loan to men. However they determined that loaning to women produced more long term poverty relief that benefited entire families, including the men.
vilyaarda / February 26, 2009 6:18 am
They are giving loan to man but it is proved the woman are more committed in payback the loan and in investing the money in something useful. Also most of the woman have skills like sewing and handcraft that man simply don’t have.
Unfortunately sometimes the woman take the loan and the man decide what to do with the money with negative effects.
hamidmushtaq / September 6, 2009 3:03 pm
Interest is the root of all evil, so stop glorifying usurious moneylenders, OK!