Economics, Econometrics and Finance
4 years ago

Microfinance Empowers Poorest, Reducing Poverty and Empowering Women Globally.

Occasional Papers
Ensuring Impact : Reaching the Poorest While Building Financially Self-Sufficient Institutions, and Showing Improvement in the Lives of the Poorest Families: Summary of Article Appearing in Pathways Out of Poverty: Innovations in Microfinance for the Poor
Anton Simanowitz, Alice Walter

Paper Summary

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Microfinance can help reduce poverty by empowering the poorest people and improving their lives. It can provide financial services to those in need, especially women, and help them access other important services like healthcare and education. The key is to design programs that are effective for the poorest individuals. Despite common beliefs, microfinance can benefit most groups, not just the extremely poor. Microfinance institutions can reach and impact the poorest while also becoming financially self-sufficient.