Summary |
As microfinance has evolved, a better understanding has of its strengths and limitations of poverty reduction, and of its potential for strengthening the risk management capacity of the poor. Field research indicates that access to microfinance services including credit often savings, and less typically housing loans and microinsurance, increases poor households’ prospects of escaping poverty and at minimum stops them from failing further down the poverty line. Provision of microfinance services that can have a sustainable impact on clients’ well being and reduced vulnerability is not an easy endeavor, however.
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