Is Microfinance a Success?

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Microfinance > Forum > Is Microfinance a Success?

Is Microfinance a Success?
khanjan, Student (MBA), India, Member
Micro finance has been accepted widely in India. The question is whether it has really helped the upliftment of the poor?

Micro Finance and Breaking the Cycle of Poverty
Neri Gantuangko, Teacher, Philippines, Member
This concept of microfinance assistance is basically to empower poor families to be able to make good choices. They must therefore be monitored closely on how they are using the funds. They must also be obliged to give the same assistance to and sponsor another family.

Microfinance Success in India
Prabha kumathe, Manager, Uganda, Member
For microfinance institutions to be making a difference to the society in India, the attitude towards work should also be proactive, the interest rate is so high in micro finance that cost of corruption cannot be borne by the borrowers, so while the sustenance of the program is still delicately balanced.

Microfinance is a Hope That Should Remain
Hemant kumar Pillai, Manager, India, Member
Microfinance kindled light of hope among the poor but but business for society and development should not be sacrificed to lustful profit.

Brave New World
CALLIGARO, Management Consultant, France, Member
Thanks to the writer of this summary of microfinance. When I have read the text and after a moment of research and thinking about it I think that is a way of progress. In the country of Mauhammad Yunu (Ed: Bangaldesh), Microfinance has contributed to a reduction of 66% of the poverty over the last 30 years.
It will be developed in a large kind and number of companies and activities. If we focused on the details, microfinance is a smart alliance of hard business and social business. It is like applying Blue Ocean strategy to country development and poverty reduction. I think also that it is great illustration of "to be human people", the world is a small village and we must live together to reach the level of a brave new world, with all who believe that it is possible to live in a world for all of us...

Microfinance Breaking the Circle of Poverty
CALLIGARO, Management Consultant, France, Member
Uplifment and empowerment for the poor.
To define:
Pure investment (Money " reach")
Work with salary and " share bond " (poor people)
Return on investment with profits for all and also for the poor.

Micro-finance is a Success and a Blessing to Cameroon's Poor
Charles Tanyi, Student (Other), Cameroon, Member
Micro-finance remains the major source of funding for Cameroon's poor. It funds petty traders and most small-and medium sized enterprises.
Although from time-to-time it faces financial crises, it remains a solid foundation for the informal sector.
The Government of Cameroon takes this sector very seriously. It has put in place some mechanisms and some measures to prevent further failures.

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