123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL >> Hardware-Software >> View Article

Microfinance

By Author: Santhosh Kumar
Total Articles: 58

Microfinance is the provision of a broad range of financial services such as– deposits, loans, payment services, money transfers and insurance products – to the poor and low-income households, for their microenterprises and small businesses, to enable them to raise their income levels and improve their living standards.

Microfinance is the provision of loans and other financial services to the poor. The microfinance has evolved due to the efforts of committed individuals and financial agencies to promote self-employment and contribute to poverty alleviation and provision of social security.

Core Principles for Microfinance:

➣ the poor needs access to appropriate financial services.
➣ the poor has the capability to repay loans, pay the real cost of loans
And generate savings.
➣ Microfinance is an effective tool for poverty alleviation.
➣ Microfinance institutions must aim to provide financial services to an
Increasing number of disadvantaged people.
➣ Microfinance can and should be undertaken on a sustainable basis.
➣ Microfinance NGOs and programs must develop performance Standards that will help define and govern the microfinance industry Toward greater reach and sustainability.

MICROFINANCE AND ITS IMPACT IN DEVELOPMENT:

Microfinance has a very important role to play in development according to proponents of microfinance.
UNCDF (2004) states that studies have shown that microfinance plays three key roles in development.
It:
_ helps very poor households meet basic needs and protects against risks,
_ is associated with improvements in household economic welfare,
_ helps to empower women by supporting women’s economic participation and so promotes gender
Equity.

Total Views: 35Word Count: 236See All articles From Author

Hardware/Software Articles

1. Why Social Throb Is The Best Brand Reputation Management Tool In India?
Author: Hendri Larson

2. Social Media Reputation Management
Author: Hendri Larson

3. Online Reputation Management Services
Author: Hendri Larson

4. Effective Strategy & Best Practices Of Qa In Devops
Author: Michael Wade

5. Dreamteam's Literom As University Erp Software
Author: Mukesh Tiwari

6. Unlocking Electric Vehicles Industry Potential With Excellon 5 Platform
Author: Rahul Sutraj

7. The Importance Of Load Testing In Software Testing
Author: Michael Wade

8. Crm | Ecrm | Crm Software | Crm Solutions
Author: John Cole

9. Erp For Automotive Manufacturing
Author: Eresource Infotech

10. Erp For Steel Manufacturing
Author: Eresource Infotech

11. Erp For Lean Manufacturing
Author: Eresource Infotech

12. Erp For Chemical Manufacturing
Author: Eresource Infotech

13. Erp For Plastic Manufacturing
Author: Eresource Infotech

14. Erp For Batch Manufacturing
Author: Eresource Infotech

15. Erp For Garment Manufacturing
Author: Eresource Infotech

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: