Microfinance A Way To Alleviate Poverty

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From Dependence to Dignity

Author : Brian Fikkert,Russell Mask
Publisher : Zondervan
Page : 336 pages
File Size : 50,6 Mb
Release : 2015-05-12
Category : Religion
ISBN : 9780310518136

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From Dependence to Dignity by Brian Fikkert,Russell Mask Pdf

The church of Jesus Christ finds itself at a very unique moment in history. The average Christian living in the “economically advanced countries” enjoys a level of prosperity that has been unimaginable for most of human history. At the same time, over 2.5 billion people in the Majority World (Africa, Asia, and Latin America) live on less than $2 per day, with many of these people being Christians. Ironically, it is amongst the “least of these” in the Global South that the global church is experiencing the most rapid growth. All of this raises profound challenges to the global church. How can churches and missionaries in the Majority World effectively address the devastating poverty both inside their congregations and just outside their doors? How can churches in the economically advanced countries effectively partner with Global South churches in this process? The very integrity of the global church’s testimony is at stake, for where God’s people reside, there should be no poverty (Deuteronomy 15:4; Acts 4:34). For the past several decades, microfinance (MF) and microenterprise development (MED) have been the leading approaches to poverty alleviation. MF/MED is a set of interventions that allow households to better manage their finances and start small businesses. From remote churches in rural Africa to the short-term missions programs of mega-churches in the United States, churches and missionaries have taken the plunge into MF/MED, trying to emulate the apparent success of large-scale relief and development organizations. Unfortunately, most churches and missionaries find this to be far more difficult than they had imagined. Repayment rates on loans are low and churches typically end up with struggling programs that require ongoing financial subsidies. Everybody gets hurt in the process: donors, relief and development agencies, churches and missionaries, and--most importantly—the poor people themselves. This book explains the basic principles for successfully utilizing microfinance in ministry. Drawing on best practice research and their own pioneering work with the Chalmers Center, Brian Fikkert and Russell Mask chart a path for churches and missionaries to pursue, a path that minimizes the risks of harm, relies on local resources, and enables missionaries and churches to minister in powerful ways to the spiritual and economic needs of some of the poorest people on the planet. The insights of microfinance can play a tremendous role in helping to stabilize poor households, removing them from the brink of disaster and enabling them to make the changes that are conducive to long-term progress. Moreover, when combined with evangelism and discipleship, a church-centered microfinance program can be a powerful tool for holistic ministry—one that is empowering for the poor and devoid of the dependencies plaguing most relationships between churches in economically advanced countries and churches in poor nations.

Microfinance - A way to Alleviate poverty

Author : Shweta Sawhney
Publisher : GRIN Verlag
Page : 12 pages
File Size : 46,5 Mb
Release : 2011-09-26
Category : Business & Economics
ISBN : 9783656014546

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Microfinance - A way to Alleviate poverty by Shweta Sawhney Pdf

Essay from the year 2011 in the subject Business economics - Investment and Finance, grade: none, , course: MFC, language: English, abstract: The article traces the fruition of the Microfinance insurrection in India as a potent tool for poverty mitigation and women empowerment. Where institutional finance failed Microfinance delivered. In a country like India, where almost 70 per cent of the population is in the rural areas, with little or no access to main stream financing options, microfinance has a huge role to play and a huge population to uplift. The paper discusses the present scenario of microfinance Institutions (MFIs) in India. In spite of the impressive figures, the supply side of microfinance in India is still presently abhorrently inadequate to fill the fissure between demand and supply but it holds the promise to act as a great opportunity for the financial sector and the economy as a whole.

Microcredit and Poverty Alleviation

Author : Tazul Islam
Publisher : Routledge
Page : 202 pages
File Size : 53,5 Mb
Release : 2016-04-22
Category : Business & Economics
ISBN : 9781317096795

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Microcredit and Poverty Alleviation by Tazul Islam Pdf

The attempt of the Grameen Bank to alleviate poverty and enhance the skills and productivity of its rural women clients provides the fascinating backdrop to this important study of micro-credit institutions. Tazul Islam examines the real extent to which the Grameen Bank's credit-alone policy has been successful in securing the Bank's financial sustainability; its practical role in alleviating poverty and its actual impact on the productivity of its clients. This book concludes by considering alternative policy options that hold out the possibility of increased poverty alleviation.

Microcredit and Rural Poverty

Author : M.L. Narasaiah
Publisher : Discovery Publishing House
Page : 198 pages
File Size : 43,6 Mb
Release : 2006
Category : Financial services industry
ISBN : 8183560695

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Microcredit and Rural Poverty by M.L. Narasaiah Pdf

The founding of financial institutions in the developing countries, whose target groups are supposed to be poorer people and, in particular, income-generating micro, small-scale and medium-sized enterprises, originated in the industrialized nations. Soon after Western development policy began in the 1950s and 1960s the donors noted that investment in infrastructure was insufficient to achieve growth. Reflecting on the experiences of Europe, state or mixedenterprise development banks were founded in many developing countries with the support of various donors. The banks were to promote industrialization as a subsituation for imports, as well as farming, housing construction and regional development. Their common feature was that they combined the characteristics of a bank and a public authority. On the one hand, they managed loan holdings and handled payment transactions, and one the other they prompted development by non-repayable grants. Since these functions each followed a very different logic, the banks were required to undertake a difficult tightrope walk.

Microfinance and Poverty Reduction: An Empirical Evidence from Benin Metropolis South-South of Nigeria

Author : Uyi Benjamin Edegbe
Publisher : Anchor Academic Publishing (aap_verlag)
Page : 84 pages
File Size : 48,8 Mb
Release : 2014-02-01
Category : Business & Economics
ISBN : 9783954896738

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Microfinance and Poverty Reduction: An Empirical Evidence from Benin Metropolis South-South of Nigeria by Uyi Benjamin Edegbe Pdf

This book is an empirical study of how microfinance impacts on poverty reduction in Nigeria. The book examined conceptual issues in poverty and microfinance with focus on the nature and incidences of the poverty phenomenon, justification for the establishment and growth of microfinance in Nigeria. This book with theoretical and empirical findings investigates the previous attempts by the governments in alleviating poverty and specifically how microfinance have helped in reducing the poverty menace especially since the promulgation of the microfinance banking act in 2005 by the Central bank of Nigeria.

Politics, Poverty, and Microfinance

Author : Brian Warby
Publisher : Lexington Books
Page : 178 pages
File Size : 42,7 Mb
Release : 2015-12-29
Category : Political Science
ISBN : 9781498517539

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Politics, Poverty, and Microfinance by Brian Warby Pdf

This book analyzes the effect that government institutions have on whether or not microfinance contributes to poverty alleviation in the context of Latin America. It concludes that political and economic stability, as well as law and order, have a statistically significant impact on microfinance effectiveness.

Small Money Big Impact

Author : Peter A. Fanconi,Patrick Scheurle
Publisher : John Wiley & Sons
Page : 272 pages
File Size : 46,5 Mb
Release : 2017-05-01
Category : Business & Economics
ISBN : 9781119338208

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Small Money Big Impact by Peter A. Fanconi,Patrick Scheurle Pdf

Make your money make a difference—and enjoy attractive returns Small Money, Big Impact explores and explains the globally growing importance of impact investing. Today, the investor's perspective has become as important as the actual social impact. Based on their experience with over 25 million micro borrowers, the authors delve into the mechanics, considerations, data and strategies that make microloans and impact investing an attractive asset class. From the World Bank to the individual investor, impact investing is attracting more and more attention. Impact investing is a global megatrend and is reshaping the way people invest as pension funds, insurance companies, foundations, family offices and private investors jump on board. This book explains for the first time how it works, why it works and what you should know if you're ready to help change the world. Impact investing has proven over the last 20 years as the first-line offense against crushing poverty. Over two billion people still lack access to basic financial services, which are essential for improving their livelihood. Investors have experienced not only social and environmental impact, but have received attractive, stable and uncorrelated returns for over 15 years. This guide provides the latest insights and methodologies that help you reap the rewards of investing in humanity. Explore the global impact investing phenomenon Learn how microloans work, and how they make a difference Discover why investors are increasingly leaning into impact investing Consider the factors that inform impact investing decisions Part social movement and part financial strategy, impact investing offers the unique opportunity for investors to power tremendous change with a small amount of money— expanding their portfolios as they expand their own global impact. Microfinance allows investors at any level to step in where banks refuse to tread, offering opportunity to those who need it most. Small Money, Big Impact provides the expert guidance you need to optimize the impact on your portfolio and the world.

Micro-Finance and Poverty

Author : Shahidur R. Khandker,World Bank. Development Research Group
Publisher : World Bank Publications
Page : 40 pages
File Size : 48,9 Mb
Release : 2010
Category : Electronic
ISBN : 8210379456XXX

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Micro-Finance and Poverty by Shahidur R. Khandker,World Bank. Development Research Group Pdf

Microfinance and Poverty Reduction

Author : Susan Johnson,Ben Rogaly
Publisher : Oxfam
Page : 148 pages
File Size : 42,7 Mb
Release : 1997
Category : Business & Economics
ISBN : 0855983698

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Microfinance and Poverty Reduction by Susan Johnson,Ben Rogaly Pdf

The book emphasizes the importance of studying the local context, and then considering the macroeconomic factors which may be operating upon the economy of a particular country. Five extended case studies, in the Gambia, Ecuador, Mexico, Pakistan, and the UK are examined with reference to further aspects of sustainability and impact assessment.

Microfinance and Poverty

Author : Hege Gulli
Publisher : IDB
Page : 134 pages
File Size : 44,5 Mb
Release : 1998
Category : Business & Economics
ISBN : 1886938458

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Microfinance and Poverty by Hege Gulli Pdf

Financial Inclusion for Poverty Alleviation

Author : Essam Yassin Mohammed,Zenebe Bashaw Uraguchi
Publisher : Routledge
Page : 260 pages
File Size : 40,8 Mb
Release : 2017-12-12
Category : Business & Economics
ISBN : 9781351595124

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Financial Inclusion for Poverty Alleviation by Essam Yassin Mohammed,Zenebe Bashaw Uraguchi Pdf

More than one billion people still live below the poverty line – most of them in South Asia and Sub-Saharan Africa. Financial inclusion is a major issue, as more than three-quarters of the numbers of poor and disadvantaged women and men do not have access to financial products and services, such as bank accounts, affordable and suitable loans, and insurance. The key objective of this book is to provide practical case studies of financial inclusion, rather than focus on academic debates such as the ideological basis of promoting microfinance. Using the recently adopted Sustainable Development Goals as an overall framing of the issues, it shows how poor and disadvantaged women and men can be bankable if the right facilitation for maximizing opportunities and addressing constraints are in place. Case studies confirm that achieving inclusive and sustainable access to financial products and services goes beyond simply enabling poor and disadvantaged women and men to have access to credit, or the ability to open a bank account. Examples from Africa, Asia and Latin America demonstrate encouraging progress in making microcredit accessible to millions of poor people. The foremost challenge, however, has been to ensure that they have access to, and usage intensity of, suitable and affordable financial products and services that meet the needs of their livelihoods as well as risks and mitigation strategies. This requires understanding that poor and disadvantaged women and men do not exist in isolation from complex and interdependent functions in the financial system, which includes a number of actors, diversified services, constraints (not just symptoms) and capacities and incentives. Overall, the book provides a rich source of examples of how building inclusive financial systems can empower the world's poor – by increasing income and employment opportunities, securing livelihoods and reducing poverty.

Faith-based Microfinance. An Alternative Tool of Poverty Alleviation

Author : Najmul Hoda
Publisher : GRIN Verlag
Page : 285 pages
File Size : 52,6 Mb
Release : 2018-07-26
Category : Social Science
ISBN : 9783668759848

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Faith-based Microfinance. An Alternative Tool of Poverty Alleviation by Najmul Hoda Pdf

Doctoral Thesis / Dissertation from the year 2013 in the subject Sociology - Work, Profession, Education, Organisation, grade: A, , course: PhD, language: English, abstract: The poor, like others, too need financial products and services in order to build assets, manage consumption and mitigate risks. Microfinance, in recent times, has emerged as a powerful tool to provide access to some financial services to the poor. For decades, poverty alleviation has topped the International development agenda. United Nations Millennium Goals state that by 2015 the number of people living in extreme poverty should be half of what it was in 2000. Microfinance addresses the twin goals of financial inclusion and poverty alleviation in a way that builds self-esteem in the individual and self-sufficiency in the institution providing the financial services. Different models have emerged in microfinance delivery based on their clientele, focus area, interest rate, savings linkages, collateral, coverage and organizational/legal structure. With all the successes of the existing microfinance models, the herculean task of poverty alleviation still leaves enough space for innovative models. This study explores the potential of faith-based microfinance in complimenting the efforts of poverty alleviation and also overcoming the weaknesses in the existing models. Faith-based microfinance operate on distinct principles. The purpose of this study is to focus on the functioning of the faith based microfinance and to explore its role as an alternative tool of poverty alleviation. In order to get a meaningful insight regarding the impact of faith based microfinance on the lives of the beneficiaries, it is necessary that a comparison is made to the mainstream microfinance on commonly accepted parameters of poverty alleviation.

Microfinance and Poverty Alleviation

Author : Joe Remenyi,B. Quiñones
Publisher : Routledge
Page : 293 pages
File Size : 55,6 Mb
Release : 2000
Category : Business & Economics
ISBN : 1855676427

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Microfinance and Poverty Alleviation by Joe Remenyi,B. Quiñones Pdf

Despite the considerable economic growth of the Asia-Pacific, poverty continues to be a major problem. One key way to create sustainable livelihoods and to provide poor households an escape route from poverty is microfinance. Since the early 1980s, microfinance practitioners have proven that the poor are creditworthy, capable of utilizing scarce capital efficiently in viable incom-generating projects and able to pay back their loans. This book collects the experience of microfinance practitioners in 11 countries in the Asia-Pacific region to describe the present state of the art. It is designed to provide an overview of the subject: why it is so essential to poverty reduction; what is the "best practice"; what kind of policy framework and regulatory environment is required. It offers both an extensive survey of the academic literature and a selection of case studies, all from authors who have been active practitioners in microfinance for many years. The case studies cover four key countries in South Asia andthree countries in East Asia in which microfinance had become particularly important. There is also a regional chapter covering the Pacific islands.

Microfinance Systems

Author : Graham A. N. Wright
Publisher : Unknown
Page : 0 pages
File Size : 51,6 Mb
Release : 2000
Category : Financial services industry
ISBN : 1856497887

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Microfinance Systems by Graham A. N. Wright Pdf

This book, written at the request of practitioners and donor agencies, draws on the author's research and practical experience in Bangladesh, Philippines and East Africa.Section One outlines cutting edge issues, including:· How far micro-finance can contribute to reducing poverty, enhancing women's status, empowering poor clients and improving the health, nutrition and education of the poor;· The role of savings in micro-finance: for clients, institutions and the regulatory authorities;· How to recruit, develop and maintain high quality clients; and· Issues around replicating successful micro-finance systems.Section Two provides a practical guide, with clear examples of how to design micro-finance systems that deliver quality financial services to the poor. The third and final section has two case studies, detailing how two very different systems were developed.The book discusses the many problems and challenges facing micro-finance, and offers experienced, down-to-earth recommendations for practitioners. It offers a stimulating guided tour of the issues, while suggesting and illustrating how these might be addressed.