Microfinance and Poverty Alliviation Essay - 6795 Words.
The process of providing financial services to the poor in the community is an important part of strategies to reduce poverty and the institutions that provide microfinance is one of the tools that play this role if achieved financial sustainability of any increase supply to meet demand.
Microfinance and poverty alleviation: case studies in Asia and Pacific (2014) Joe Remenyi, B. Quinones -This study collects together the experience of microfinance practitioners to describe the present state of the art. It asks why microfinance is so essential to poverty reduction and what kind of policy.
The results showed that microfinance institution and poverty alleviation were positively and significantly related while entrepreneurial activity and poverty reduction were positively and insignificantly related.
Microfinance has been extensively examined over the past 10 to 15 years, and the resulting literature is now very large. A focused review of the literature was conducted to evaluate recent publications regarding the impact of microfinance on poverty reduction.1 The number of rigorous studies of client outreach and impact has grown considerably.
Microfinance Examples Microcredit lending (aka microfinance) is an economic policy that has become a particularly popular tool as a means to alleviate poverty in developing countries. A large majority of microfinance is focused towards low income individuals in Latin American countries.
The money or funds that are provided by microfinance institutions in terms of credit and micro loans enables those who are poor to invest into productive acitivities that are bound to earn them income helping them boost their economic level and alleviate poverty in the entire economy.
In the present world we live in, practically everything revolves around money. With the growth of world economies different types of financial services have emerged to help people deal with the management of their money and other resources. In every country in the world both developing and developed countries, rich and poor economies, high-income or low-income countries, there exists some sort.