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by: Brigit Helms
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In the past ten years, the world of microfinance has changed
dramatically. The field has moved rapidly from early innovations in
providing loans to help poor entrepreneurs start businesses to a bold
vision of creating entire financial systems that work for the poor.
Microfinance has proven to be an effective tool for reducing poverty
and helping poor people to improve their lives. And yet a diverse range
of potential clients still lack access to an array of financial
services—not just credit for enterprise but also a safe place to
save, the ability to transfer funds to family members, insurance
against sickness or other household disasters, and other ways to
mitigate risk in vulnerability. The challenge today is to engage more
types of distribution systems, more technologies and more talent to
create financial systems that work for the poor and boost their
contribution to economic growth. This title explains what this new
vision of microfinance means in practical, non-technical terms.
- Shipping Weight: 0.66 lbs (0.3 kgs)
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