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Microfinance for poverty reduction building inclusive financial sectors in Asia and the Pacific

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Published by United Nations, ESCAP in New York .
Written in English

Subjects:

  • Microfinance -- Asia,
  • Microfinance -- Pacific Area,
  • Poverty -- Asia,
  • Poverty -- Pacific Area

Book details:

Edition Notes

SeriesDevelopment papers -- no. 27
ContributionsUnited Nations. Economic and Social Commission for Asia and the Pacific
Classifications
LC ClassificationsHG178.33.A78 M527 2006
The Physical Object
Paginationv, 47 p. ;
Number of Pages47
ID Numbers
Open LibraryOL15597962M
ISBN 109211204526
ISBN 109789211204520

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This book considers various types of microfinance schemes and compares the effectiveness of different approaches in aiding poverty provision of credit and other financial services has become increasingly seen as the answer to the problems facing poor people. Microfinance interventions have the capacity to increase incomes, contribute to individual and Reviews: 4. Microfinance interventions have the capacity to increase incomes, contribute to individual and household security, and change social relations for the better. However, it may not be assumed, argue the authors of this book, that they will do so and it may often be more effective in terms of poverty reduction to combine credit provision with. Microfinance has become a critical tool in credit markets for poverty reduction and socioeconomic development. Yet its impact is still questioned and varies from one country to another and from urban to rural areas. This article examines the role of Egyptian microfinance on household : Hala Helmy Elhadidi. Microfinance is key to reducing poverty in Pakistan. While comprehensive finance is frequently considered as, it creates inclusive growth and poverty reduction .

  This article examines the relationship between microfinance and poverty reduction at the macro-level, using cross-sectional data covering microfinance institutions (MFIS) for The cross-sectional data are supplemented by a two-period ( and ) panel data of microfinance institutions in 57 developing countries. microfinance is an effective strategy for poverty reduction in developing countries. It was found out from the related literature that microfinance has a positive impact on poverty reduction and so, it is an effective tool for poverty reduction in many countries including Bangladesh, Bolivia etc. Microfinance supported these informal microenterprises through microcredit. The microcredit approach to poverty reduction is “the provision of small loans to individuals, usually within groups, as capital investment to enable income generation . Microfinance and Poverty Alleviation In microfinance, small amounts of loan, coupled with financial discipline, ensure that loans are given more frequently; thus credit needs for a .

Keywords: Microfinance, Poverty reduction, Bayelsa State, Nigeria. Kuwait Chapter of Arabian Journal of Business and Management Review Vol. 1, No.7; March 39 1. INTRODUCTION Poverty reduction has been an important development challenge over decades. One of the identified constraints facing the poor is lack of access to formal sector funds. 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.   Poverty is big business. Even in the United States, one of the richest countries in the world, the poverty industry is worth about $33 billion a year comprising payday loan centers, pawnshops, credit card companies and microfinance providers who generate business from the poorer segments of the population (Rivlin, ).Among the so-called developing and least . Microfinance can be a critical element of an effective poverty reduction strategy especially for developing countries. The services provided by microfinance institutions can enable the poor to smoothen their consumption, manage their risks better, build their assets gradually, develop their micro enterprises, enhance their income earning.