News

10.12.2012

|

Elisabeth

|

How microfinance help the poorest?

It is all right to lend to the poor, but how can microfinance make their life evolve?

It is all right to lend to the poor, but how can microfinance make their lifestyles evolve?

Microfinance allow people to think about future with serenity. Microcredit will enable them to create an activity to generate profits, microsave will allow them to put some miney apart for emergencies, and microinsurance will allow them to face crisis.

Microfinance institutions benefit also to micro entrepreneurs. These agencies are more reliable than informal lenders and can deliver better loans than families or friends. The microfinance industry can adapt itself to its clients by being in zones where low-income people are and where the institution reprensentatives speak the local language.

Microfinance is also looking for adapting itself to the environment. Customer protection principles are put in place and a new regulation is implemented.

The entire country can also benefit from the industry. Microfinance contribute to reduce poverty but creates jobs by developing the agencies network.