MFIs
Title: MFIs
Category: /Social Sciences/Economics
Details: Words: 673 | Pages: 2 (approximately 235 words/page)
MFIs
Category: /Social Sciences/Economics
Details: Words: 673 | Pages: 2 (approximately 235 words/page)
It is not difficult to measure why the simplest form of financial service can make a significant difference to a poor family. Lacking these instruments, they remain trapped in a cycle of low financial returns and low incomes. With The supports of World Bank, the implement MFIs could become a positive force for alleviation of poverty.
There is a need for alternative financial institutions. Many of the world's poor are farmers, shopkeepers, farmers, small commodity
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or expand income generating activities of the poor. These small loans can also help raise investments by small farmers and stimulate the development of micro-enterprises. By helping poor families, and especially the women, micro-finance can contribute to income and asset generation of poor people, increase their household food security and become a positive force for alleviation of poverty.
Reference:
Lecture 14
Book 115, Economic Of Development
Manfrad Zeller, 2001 Group-Based Financial Institutions for the Rural Poor in Bangladesh.