Microfinance defined

Microfinance has evolved as an economic development approach intended to benefit low-income women and men. The term refers to the provision of financial services to low-income clients, including the self-employed. This course provides a road map for business executives and investors thinking about greater involvement in inclusive finance. The map looks something like this.

36p nanhankhuoctai9 23-07-2020 12 2   Download

Women have long been at the heart of Africa’s informal, member-owned, rotating savings cooperatives – among the world’s oldest and most prevalent savings mechanisms. These cooperative associations form the foundation for CARE’s pioneering approach to microfinance. They are sustainable, self-funded credit sources at the village level, built by members through their own savings. CARE launched our first microfinance program in Niger in 1991 with a participatory, community-based approach.

37p bi_ve_sau 17-01-2013 45 1   Download