Microfinance - Does it really work?

Governments from Brazil to Bosnia have launched massive microfinance programs, and commercial banks like ABN AMRO, HSBC and Citicorp are rushing down-market, which could increase access to credit for the poor. Some 500 million poor worldwide have reportedly benefited from $6 billion in micro-loans, which supporters want to ramp up to $300 billion. But its critics say there is no solid evidence that microfinance makes a difference, either in developing the economy or reducing poverty.

Category:

News & Politics

Tags:

• microfinance
• microcredit
• loans
• rural
• poverty
• women
• empowerment
• India

[08uk1a0500]

this video was awesome.... an i was vry much impressed by dis.... the admin who has uploaded dis video can plz sen me the documentation of this project......... my id is sunaina.sunnudr@gmail.com

[nacaaswanacas]

good video ... I did an internship  with organisation called VSSU near calcutta, India

one of best things I ever did.

[Tyraelkurt]

english subtitles for non english speaking parts please, but very informative thankyou :)



[supermangopeople]

Micro financing has its evils too. The systems of exploitation should be pulled out like weeds right now before the vines take shape. If the stories of women like Latifa become more the norm than exception than this actually does more harm than good.

[sweetgem123]

@amrita1987m I agree. It's hit or miss. I feel that this video shows us different points of view on MF and not just one solid over-commercialized view.

[Ryukikon]

Micro Financing is not a new idea in its principals it just has been given a new name. It is advertised now for a reason and that reason is doubtfully to help the poor. Its a trend that is easy to pick up if you look at the history of capitalistic oriented markets. Highlight example look at Suprime, this is A subprime. The only problem I admitedly have is this distorted view that people have of Financing oh I mean MicroFinacing.

[jtoon200]

So, microfinance encourages entrepreneurship and competition between businesses to provide a better product. And that's a disadvantage?

Consider; It would take a person in the third world who knows how long to earn the capital it takes to start a small business doing factory work, if they ever earn enough at all. Whereas, with a microfinance loan it would be almost instant. It's more expediency than anything else.

[marktingit]

Yes, it works. you will see how, in this soon to be released documentary:

Mary Aloe Producer to executive produce Obama Documentary about his mother (a micro finance pioneer) with prestigious director Charles Burnett.

[cabedra]

Politique de rerutement.

Pour realiser des objectifs, il faut disposer de moyens Humain compétants qui vont traduire les politiques sous forme d'objectifs et se forme d'opérations.