Microfinance from Grameen Bank boosts economic and social opportunities for the poor.
Microfinance from the Grameen Bank can help reduce poverty beyond the Millennium Development Goals. By interviewing people in rural areas, the study found that microfinance can boost business, increase purchasing power, and provide access to financial services for the poor. It also empowers women, improves living conditions, and enhances opportunities for children and students. However, its impact varies among different groups, with poor households benefiting more than extremely poor individuals like beggars.