Micro Finance is for Business People

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Microfinance > Best Practices

Luisa Pineda Martinez, Guatemala
Microfinancing (MF) is for entrepreneurs, business people. Sometimes MF gets mixed up with gifts. However it's important to get the money back. We should select small business enterpreuners, the mindset about business is the clue to succesful MF. Beneficiaries should be clear that the money must be returned to be able to help other businesspeople. Thanks for sharing your ideas and builds on this. (...) Read more? Sign up for free

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  Mesfin Raji, Business Consultant, Ethiopia

Micro Finance Should not Be Tagged!

I understand why Luisa mentioned "entrepreneurs". However, there are people who are in need of MF while they don't have entrepreneurship skills. All we have to say is MF should better serve the society along with the necessary technicality! Equipping with know how!

  Luisa Pineda Martinez, Guatemala

Financial Inclusion

Greetings, Mesfin. In these cases, there should be a training process before, or simultaneously to grant or lent the help. There should be persons who need not to be trained to manage funds. The matter is to let the beneficiaries to grow by themselves through a microfinance. Cordial saludo.

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