Notes and Comments on Microcredit and Poverty Alleviation- The Need for Quality Financial Services (original) (raw)

2004, Jounal of the Institute of Business Studies

Microcredit is the extension of small amount of collateral-free institutional loans to jointly liable poor group members for their self employment and income generation. Microcredit programmes are credited with an amazing array of beneficial impacts. Microcredit helps the poor households to improve their lives through their own labor Access to microcredit is created with reaching the poorest and increasing their income to have sustainable impact in alleviating rural poverty with providing a cost-effective , sustainable development model that is applicable not just in developing countries but also among poorer communities in the developed world.

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