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moneylenders Tagged Articles
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V. Material Benefits of Microfinancing
| |
| Microfinance initiatives can play an effective role in addressing material poverty, the
physical deprivation of goods, services, and the income to attain them. MFIs can help people
become more economically secure. This, in turn, has a multiplier effect on people's standard of
living, enhancing basic household welfare, such as food security, nutrition, shelter, sanitation,
health and education services. MFIs can help prevent and extricate people from debt.
Oftentimes, they liberate low-income households from moneylenders with outrageous interest
rates that often reach 100% annually. Savings and credit services help people start or improve
their own small businesses, providing income generation and employment for themselves and
their families. |
|
Other moneylenders Related Articles
|
V. Material Benefits of Microfinancing
| |
| Microfinance initiatives can play an effective role in addressing material poverty, the
physical deprivation of goods, services, and the income to attain them. MFIs can help people
become more economically secure. This, in turn, has a multiplier effect on people's standard of
living, enhancing basic household welfare, such as food security, nutrition, shelter, sanitation,
health and education services. MFIs can help prevent and extricate people from debt.
Oftentimes, they liberate low-income households from moneylenders with outrageous interest
rates that often reach 100% annually. Savings and credit services help people start or improve
their own small businesses, providing income generation and employment for themselves and
their families. |
|
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