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Redefining Microfinance as a Strategy to Achieve the MDGs: International Year of Microcredit Report Advocates Shift from Poverty Alleviation to Wealth Creation
With microfinance gaining attention for its vital role in eradicating poverty, the International Year of Microcredit recently released a report, "Microfinance and the Millennium Development Goals (MDGs): A Reader's Guide to the Millennium Project and Other UN Documents", to provide further background and support for microfinance initiatives.

Other alleviating poverty Related Articles

Ending Poverty Consciousness
This article distinguishes between poverty and poverty consciousness. It gives you practical suggestions for ending these limitations.
3.0 The case for putting pro-poor enterprise at the heart of the war on poverty: Enterprise solutions to poverty
2005 is set to be a big year for poverty. Doubling aid, making trade fair and dropping Third World debt are the headline goals of a campaign being waged and supported by many official and nongovernmental aid and development organisations determined to make ‘Make Poverty History'.
6.2 Propositions for engaging the international business community: Enterprise solutions to poverty
Our second set of propositions relates to the role of large businesses, especially multinational corporations, in tackling poverty. Our core position is that through harnessing its value-creating assets, big business is especially well-equipped to add enormous value to pro-poor enterprise initiatives – and elsewhere in the war against poverty.
African Countries Focus on Microfinance: Twelve African Nations Engaged in the International Year of Microcredit to Date
Half of the population in Africa lives on less than one dollar a day. More than half the population has no access to safe drinking water. More than two million infants die annually before reaching their first birthday.[1] Such is the harsh reality of the scale of poverty in Africa. The Millennium Development Goals and the objective to halve the proportion of people living in extreme poverty by 2015 has driven a number of regional and national initiatives focused on poverty eradication in Africa based on local needs and priorities.

The Role of Microfinance in Addressing the HIV/AIDS Pandemic in Zambia: The Rainbow Model Provides a Future for AIDS Orphans
Poverty and HIV/AIDS constitute a vicious circle. Poverty creates vulnerability to HIV/AIDS, and HIV/AIDS leads to poverty. Unfortunately, the interventions of the national and international community are not moving as quickly as the desperation and the loss of hope in the people coping with the pandemic at the grassroots level.

2.4 Agricultural workers and rural communities: Working Out of Poverty
A better understanding of the social and economic dynamics of rural communities is critical to the reduction and eradication of poverty. The world’s poorest countries are those most dependent on agriculture. Threequarters of the people in extreme poverty live in rural areas.
2.8 The foundations of a decent work strategy for poverty reduction: Working Out of Poverty
Most analysts of the nature and causes of poverty agree that growth in per capita income is essential to reducing poverty and that persistent growth failures are accompanied by a persistent failure to reduce poverty. However, they have not found a stable relationship between the rate of average per capita growth and the rate of poverty reduction.
3.5 Building local development through cooperatives: Working Out of Poverty
The participation of people living in poverty in policies to improve their livelihood and counteract social exclusion and vulnerability is increasingly emphasized in poverty reduction strategies.
5.6 A coherent framework for national and local action: Working Out of Poverty
Increased in-depth analysis of the multifaceted experience of poverty is leading to a growing awareness of the need for a range of policies that are specific to the problems faced by different communities and countries. Given that the causes of poverty are many and interconnected, targeted policies have most effect when they act in combination to break cycles of poverty. One of the most encouraging aspects of the new approach to poverty reduction and eradication is therefore the emphasis on policy coherence, based on a comprehensive development framework.
The Importance of Updating Your Business Plan
The importance of updating a business plan is simple: it creates a long-term strategy for your business, while alleviating the stress and headaches of operating a business if action is continually implemented. There are important factors to consider when revising and updating a business plan.
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