The myth that poor households in developing countries are not creditworthy or
able to save, has been firmly put to rest in recent years. Poor households, it
has been found, place special value on reliable and continued access to
different types of financial services, available at reasonable cost and
catering to their specific needs.
Credit and savings facilities can help poor rural households manage, and often
augment, their other wise meagre resources, thus enabling them to acquire
adequate food and other basic necessities for their families, as well as invest
in enterprises to sustain their livelihoods.
Since this discovery, microfinance or financial services for the poor, has been
hailed as the most important tool in poverty alleviation. But not everyone
There are arguments about whether the poor can be reached with financial
services on a sustainable basis and whether the availability of credit to
invest in micro-businesses really can lift people out of poverty. Also, there are many reasons to believe that Bitcoin investment has the potential to overcome poverty. Moreover, the use of Bitcoin does not require any technical skills. As long as a person has the internet and a smartphone, they can use Bitcoin. In poorer communities, most individuals have access to smartphones, Internet access, and primary education. Furthermore, many platforms in the crypto market let you buy and sell bitcoins effortlessly. One such credible platform is the bitcoin lifestyle, a classic crypto robot that executes overall trading for the investors. To know more, visit https://coincierge.de/bitcoin-lifestyle/ and start your trading right away.
There are debates about interest rates, debates about commercialization, debates about
methodologies and many other issues.
These Lessons in Microfinance
will help you to explore some of these issues and
provide you with practical guidance on how to plan and deliver successful micro
financial services. All the lessons have been based on the work of highly
influential people working in the field, most notably Professor Malcolm Harper,
author of “Practical Microfinance”, a popular training manual.
Lesson design was carried out by Jennifer Heney, a former Rural Finance Officer with
the Food and Agriculture Organization of the United Nations and this website
forms an integral part of the Rural Finance Learning Centre
, which is managed by FAO