Tag Archives: Microfinance

Microfinance – A Hype or An Effective Financial Tool For the Poor?

  Is Microfinance an effective financial strategy to eradicate poverty particularly in developing economies? I would blog on this as briefly and pragmatic as possible, as some of you may know that this topic is quite broad and would require empirical data/analysis to support any findings and recommendations. In its simplest terms, microfinance involves extending loans to a group of borrowers or individuals, specifically the  marginalized sector of society involving poor people encountering difficulties to transact business with private and government banking institutions. In other words, these are the poor people throughout the world numbering over 1 billion living in rural areas … Continue reading Microfinance – A Hype or An Effective Financial Tool For the Poor?