Microfinance Impact on Rural Development


 
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Microfinance Impact on Rural Development
Mrs. Josephine Idele, Partner, Nigeria, Member
Microfinance in the rural areas when properly channeled is of great significance to the development of the rural folks and rural areas.
Many institutions like IFAD, DFID etc. have come into the scene expanding financial services in new directions by making use of technology and innovations to reach many poor people in remote rural communities as well as offering them a lot of products.
However, with all these huge strides, large number of rural folks cannot boast of having a secure way of saving money and other sundry services. Hence it could be inferred that only a minority number of rural people actually benefit from financial services. Another area to pinpoint are the challenges associated with increasing access to financial services such as lack of adequate capacity, low education, weak infrastructure and also institutions. I would want to highlight that in the face of the fast changing global economic terrain comprising financial crisis, high inflation rates, clim...Sign up
 

 
Microfinance and Rural Development
GS RADJOU, CEO, France, Member
I understood you agree micro financing for poor people such as poor farmers helps. In rural areas of emerging countries have no access to money, but t...Sign up
 

 
10 Tips for Rural Development
Laxman Prasad Paudel, Manager, Nepal, Member
1. Unite all members (male/ female) of the village, neighborhood, etc.
2. Make a village committee/ neighborhood committee/ group / cooperative
 

 
Tips for Rural Development
GS RADJOU, CEO, France, Member
1. These tips are interesting and I have assumed their relevance too due to nature of the Nepalese culture. Thank you for these practical tips.
2...Sign up
 

 
 


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