Money Go Round 'Microfinance' is providing small loans of working capital to the selfemployed poor. The best known and most successful example is that of the Grameen Bank which has a strong focus on gender and microfinance. The 'money go round' arrangements of rotating box credits common amongst the poor in many locations of the world can be linked to the microfinance capabilities of development banking with great benefits for gender equity, household food security and improvements in the quality of life of children whose quality of life is often determined by their mother's access to resources rather than overall household wealth.
The Grameen Bank a major success story.
Centre for Microfinance Nepal
2005 UN International Year of Microcredit
Action in the area of gender and microfinance is critical to sustainable development. Given the key economic role played by women in the developing world and the neglect of the financial and economic needs of women by the mainstream banking institutions, development agencies and governments in many locations, the development of microfinance offers a way forward.
Meeting the moment: Microfinance and the social exclusion agenda.
Paper presented to Accounting SIG, Business School, University of North London, 9th December, 1998.
Useful Links & Connectivity Paths
FINCA International village banking.
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