Download or read book Microfinance and Poverty Reduction written by Susan Johnson and published by Oxfam. This book was released on 1997 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book emphasizes the importance of studying the local context, and then considering the macroeconomic factors which may be operating upon the economy of a particular country. Five extended case studies, in the Gambia, Ecuador, Mexico, Pakistan, and the UK are examined with reference to further aspects of sustainability and impact assessment.
Download or read book Faith based Microfinance An Alternative Tool of Poverty Alleviation written by Najmul Hoda and published by GRIN Verlag. This book was released on 2018-07-26 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: Doctoral Thesis / Dissertation from the year 2013 in the subject Sociology - Work, Profession, Education, Organisation, grade: A, , course: PhD, language: English, abstract: The poor, like others, too need financial products and services in order to build assets, manage consumption and mitigate risks. Microfinance, in recent times, has emerged as a powerful tool to provide access to some financial services to the poor. For decades, poverty alleviation has topped the International development agenda. United Nations Millennium Goals state that by 2015 the number of people living in extreme poverty should be half of what it was in 2000. Microfinance addresses the twin goals of financial inclusion and poverty alleviation in a way that builds self-esteem in the individual and self-sufficiency in the institution providing the financial services. Different models have emerged in microfinance delivery based on their clientele, focus area, interest rate, savings linkages, collateral, coverage and organizational/legal structure. With all the successes of the existing microfinance models, the herculean task of poverty alleviation still leaves enough space for innovative models. This study explores the potential of faith-based microfinance in complimenting the efforts of poverty alleviation and also overcoming the weaknesses in the existing models. Faith-based microfinance operate on distinct principles. The purpose of this study is to focus on the functioning of the faith based microfinance and to explore its role as an alternative tool of poverty alleviation. In order to get a meaningful insight regarding the impact of faith based microfinance on the lives of the beneficiaries, it is necessary that a comparison is made to the mainstream microfinance on commonly accepted parameters of poverty alleviation.
Download or read book Microfinance and Poverty written by Hege Gulli and published by IDB. This book was released on 1998 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Microfinancing as a Poverty Reduction Tool written by Shenaj Hadzimustafa and published by . This book was released on 2013 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study is conveyed in order to examine the microfinance perceptions in the country based on a survey that gives answers to a set of questions related to the general characteristics of the poor households, their problems, needs, savings, borrowing and financial exclusion.The findings underline some issues concerning the availability of financial resources offered by the financial institutions in RM to the citizens, with particular focus on microfinance and its use for improvement of the financial and economic situation of the citizens.The results show very low consumption of the financial institutions' offer in the country. In addition, the concept of microfinance is not widely known by the people in Republic of Macedonia - just 2% in the sample have borrowed from MFI.As a result, a number of policy issues should be considered by MFIs and the government egarding the improvement of the outreach, the impact, and the legal background of the concept of microfinance in order to offer the citizens better availability to microcredits and loans.
Download or read book Financial Promise for the Poor written by Kim Wilson and published by Kumarian Press. This book was released on 2010 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: * Balanced assessment of recent savings-led programs in microfinance * Contributors include wide range of scholars and practitioners The entry of the private sector into financial services for the poor is a relatively new development, but already the glossy promises of credit-led microfinance are facing scrutiny from the development community. Policymakers and economists have begun picking through the hype of microfinance to identify where and how top-down loans might fit into broader human development efforts. To many, the answer involves shifting focus to another financial service: savings. Serving as a strong and perhaps more effective tool than microcredit, microsavings is quickly becoming a lauded poverty-alleviation tool. Contributors to Financial Promise for the Poor cover current innovations in microsavings happening around the world. They describe how savings group members in the developing world are avoiding many of the financial liabilities and debt of other microfinance programs while gaining skills and finding opportunities in collective enterprise. The turn from credit to savings speaks to the growing empowerment of individuals and communities as they break the bonds of indebtedness and find their own paths to financial security.
Download or read book Microfinance Poverty Assessment Tool written by Carla Henry and published by World Bank Publications. This book was released on 2003-01-01 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Microfinance Poverty Assessment Tool method was developed to increase transparency in the outreach performance of microfinance institutions (MFIs) in order to more effectively assess their impact on the lives of poor people. It provides accurate data on the poverty levels of MFI clients relative to people living in the same community, using a more standardised and rigorous set of indicators than those used by conventional microfinance targeting tools, and allow comparative measurement of poverty outreach within and across countries. Although this method was designed for microfinance, it can also be used to measure the poverty levels of clients of other development programmes.
Download or read book Microfinance Livelihoods and Poverty Reduction in Ghana written by Aaron Alesane and published by Taylor & Francis. This book was released on 2022-12-30 with total page 407 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book assesses the role of microfinance in the construction of livelihoods for poverty reduction in the Northern Savannah of Ghana, analysing the current microfinance landscape and financial services in the region. The book analyses the current microfinance landscape and financial services in Ghana. In doing so, it demonstrates the key factors for designing microfinance products and services to ensure greater uptake and outreach enhancing the sustainability of microfinance service providers. Chapters explore the impact of access to microfinance on livelihood diversification, asset accumulation patterns and welfare outcomes. In addition to assessing the role as well as of microfinance as an anti-poverty tool, the book presents new theoretical frameworks and models, including the microfinance livelisystem framework (MFL). This unique framework, which combines and goes beyond existing frameworks, situates the microfinance industry within national and international financial and economic ecosystems and presents the interrelationships between institutions providing services for the construction of livelihoods. Offering new theoretical frameworks and models developed for the microfinance industry with universal application, this book will be of particular use to students and scholars of Development Studies, Development Finance, Poverty and Inequality Studies, Rural Development and Sustainable Finance.
Download or read book Beyond Ending Poverty written by Shahidur R. Khandker and published by World Bank Publications. This book was released on 2016-07-20 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent past has witnessed phenomenal growth in MFIs around the world. Today as many as 200 million people are beneficiaries of microfinance. Given its worldwide attention, microfinance has received serious criticism, including the argument that it is a fad with less-than-expected benefits for the poor. Surely, microfinance is not without any pitfalls. Yet the premise of improving access to financial services for consumption smoothing by the poor has never been a subject of controversy. What has been controversial is whether microfinance can alleviate poverty. That the poor lack an effective and affordable alternative financing mechanism to support income generation does not necessarily mean microfinance is a panacea since it involves entrepreneurial skills, which many poor lack. It is little wonder that studies evaluating the benefits of microfinance have produced conflicting results. Of course, study findings are contextual: They are positive in conducive environments and less so in unfavorable ones. Microfinance must be distinguished from anti-poverty schemes (e.g., conditional cash transfers) because benefits from microfinance-supported activities, which involve participants’ entrepreneurial skills and ability, take time to realize. This book using household long panel survey of 1991/92-2010/11 from Bangladesh addresses some of criticisms—including whether pushing microfinance has made it redundant as a tool for poverty reduction—while investigating whether it still matters for the poor after two decades of extensive growth. The book’s findings confirm the positive effects of continued borrowing from a microfinance program. Despite a manifold increase in microfinance borrowing, loan recovery has not declined and long-term borrowers are not trapped in poverty or debt. Interest rates charged by MFIs are not too high for realizing returns on investment, although the MFIs have scope for lowering them. The book is expected to contribute to the ongoing debate on the cost-effectiveness of microfinance as a tool for inclusive growth and development. It is expected to fill knowledge gaps in understanding the various virtues of microfinance against its portrayal as having drifted from its original poverty-reduction mission.
Download or read book Access to Microfinance written by Kailash Rijal and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Microfinance and Poverty Reduction An Empirical Evidence from Benin Metropolis South South of Nigeria written by Uyi Benjamin Edegbe and published by Anchor Academic Publishing (aap_verlag). This book was released on 2013-10 with total page 89 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is an empirical study of how microfinance impacts on poverty reduction in Nigeria. The book examined conceptual issues in poverty and microfinance with focus on the nature and incidences of the poverty phenomenon, justification for the establishment and growth of microfinance in Nigeria. This book with theoretical and empirical findings investigates the previous attempts by the governments in alleviating poverty and specifically how microfinance have helped in reducing the poverty menace especially since the promulgation of the microfinance banking act in 2005 by the Central bank of Nigeria.
Download or read book Microfinance and Poverty Alleviation written by Ben Quinones and published by Routledge. This book was released on 2014-02-04 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite the considerable economic growth of the Asia-Pacific, poverty continues to be a major problem. One key way to create sustainable livelihoods and to provide poor households an escape route from poverty is microfinance. Since the early 1980s, microfinance practitioners have proven that the poor are creditworthy, capable of utilizing scarce capital efficiently in viable incom-generating projects and able to pay back their loans. This book collects the experience of microfinance practitioners in 11 countries in the Asia-Pacific region to describe the present state of the art. It is designed to provide an overview of the subject: why it is so essential to poverty reduction; what is the best practice; what kind of policy framework and regulatory environment is required. It offers both an extensive survey of the academic literature and a selection of case studies, all from authors who have been active practitioners in microfinance for many years. The case studies cover four key countries in South Asia and three countries in East Asia in which microfinance had become particularly important. There is also a regional chapter covering the Pacific islands.
Download or read book Microfinance a Tool to Poverty Reduction written by Francis Alfred and published by LAP Lambert Academic Publishing. This book was released on 2010-09 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: Worldwide approximately 3 billion people survive on $2 a day and more than half billion survive on less than $1 per day. Thus poverty eradication has been a concern for most governments. For example, as stated in the Tanzania Poverty Eradication Strategy (1998); the long term objective of Tanzania government is to reduce poverty by the year 2010 and eradicate poverty by the year 2025. This book examines the impact of microfinance on assets accumulation among women in 'village banking'(module devised by Muhammad Yunus). It is based on women because they form a marginalized part yet very important group. The Author has used scientific approach to critically analyse the impact of Microfinance. Coupled with clients input, the book provides very useful information as to how microfinance could significantly contribute to poverty reduction.
Download or read book Microfinance written by Kennedy Wainyaragania and published by LAP Lambert Academic Publishing. This book was released on 2012-04 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today, almost half of the world's 7 billion people live on US$2 a day or less. Polak in his book "Out of Poverty," argues that what the poor need to get out of poverty is money. Following this, the UN declared 2005 the Year of Microcredit to achieving the Millennium Development Goal of halving poverty by 2015. Since that time, microfinance has received much attention. Access to finance for production and consumption is one of the solutions suggested by theory and empirical studies to alleviate poverty in rural Africa. Such financing has been seen to work best through households and self-help groups. Tanzania as one of the poorest countries in the World with rural populations taking the largest proportion of poverty incidence has been struggling to reduce poverty as with other developing countries. One of the interventions has been the introduction and implementation of the National Microfinance Policy. Evidence from policy documents seem to suggest that VICOBA stands out among MFIs in poverty reduction. This study used empirical analysis to investigate the actual role of VICOBA project in Tanzania and the extent to which their operations contribute to poverty alleviation.
Download or read book Small Money Big Impact written by Peter A. Fanconi and published by John Wiley & Sons. This book was released on 2017-05-01 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Make your money make a difference—and enjoy attractive returns Small Money, Big Impact explores and explains the globally growing importance of impact investing. Today, the investor's perspective has become as important as the actual social impact. Based on their experience with over 25 million micro borrowers, the authors delve into the mechanics, considerations, data and strategies that make microloans and impact investing an attractive asset class. From the World Bank to the individual investor, impact investing is attracting more and more attention. Impact investing is a global megatrend and is reshaping the way people invest as pension funds, insurance companies, foundations, family offices and private investors jump on board. This book explains for the first time how it works, why it works and what you should know if you're ready to help change the world. Impact investing has proven over the last 20 years as the first-line offense against crushing poverty. Over two billion people still lack access to basic financial services, which are essential for improving their livelihood. Investors have experienced not only social and environmental impact, but have received attractive, stable and uncorrelated returns for over 15 years. This guide provides the latest insights and methodologies that help you reap the rewards of investing in humanity. Explore the global impact investing phenomenon Learn how microloans work, and how they make a difference Discover why investors are increasingly leaning into impact investing Consider the factors that inform impact investing decisions Part social movement and part financial strategy, impact investing offers the unique opportunity for investors to power tremendous change with a small amount of money— expanding their portfolios as they expand their own global impact. Microfinance allows investors at any level to step in where banks refuse to tread, offering opportunity to those who need it most. Small Money, Big Impact provides the expert guidance you need to optimize the impact on your portfolio and the world.
Download or read book Transforming Economies Through Microfinance in Developing Nations written by Alhassan, Yahaya and published by IGI Global. This book was released on 2023-01-20 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Following the positive impact of microfinance on poverty reduction, women empowerment, and microenterprise development in some countries in Asia and Africa, a huge amount of time has been devoted by researchers to understanding how this concept can be used as a catalyst for transforming and sustaining the economies of developing and emerging countries. Though there are a few books on the role of microfinance in reducing poverty in developing countries across world, there is no specific book that explores the role of microfinance in transforming and sustaining economies of developing and emerging countries. Transforming Economies Through Microfinance in Developing Nations seeks to explore how the provision of microfinance to individuals and groups can contribute to the economic transformation and sustainability of the economies of developing and emerging countries. Covering key topics such as climate change, entrepreneurship, and rural development, this reference work is ideal for government officials, entrepreneurs, policymakers, researchers, academicians, practitioners, scholars, instructors, and students.
Download or read book The Microfinance Revolution written by Marguerite Robinson and published by World Bank Publications. This book was released on 2001-06-01 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: Around the world, a revolution is occurring in finance for low-income people. The microfinance revolution is delivering financial services to the economically active poor on a large scale through competing, financially self-sufficient institutions. In a few countries this has already happened; in others it is under way. The emerging microfinance industry has profound implications for social and economic development. For the first time in history, capital is well on its way to being democratized. 'The Microfinance Revolution', in three volumes, is aimed at a diverse readership - economists, bankers, policymakers, donors, and social scientists; microfinance practitioners and specialists in local finance and rural and urban development; and members of the general public interested in development. This first volume, 'Sustainable Finance for the Poor', focuses on the shift from government- and donor-subsidized credit systems to self-sufficient microfinance institutions providing voluntary savings and credit services.
Download or read book Micro Credit Poverty and Empowerment written by Neera Burra and published by SAGE. This book was released on 2005-11-05 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Two persistent problems that affect a significant portion of Indian women are poverty and violation of their human rights. In recent years, micro-credit has come to be viewed as a vital tool to ameliorate both conditions. However, there are few studies in the Indian context which test the validity of the assumption that there is a linear link between micro-credit, poverty reduction and women's empowerment. This volume brings together revealing case studies of micro-credit interventions made by six non-governmental and quasi-governmental bodies in five states of peninsular India, several of which have been supported by the United Nations Development Programme (UNDP)." "The six case studies are diverse in terms of their socio-economic and geo-political contexts, the nature and ideological orientation of the intermediary organizations, the groups largeted by the projects (exclusively women or men and women); and the life-spans of the projects. Despite their differences, all the studies offer useful lessons on the institutional structures and processes that do or do not facilitate women's empowerment and poverty reduction, while exploring the potential and limitations of micro-credit to achieve these twin goals. This book will be useful for students and scholars of economics, women's studies, development studies and social work, while being of equal interest to policy-makers planners, activists and NGOs."--BOOK JACKET.
