UNIT 10: MICROFINANCE
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Microfinance provides financial services like loans and banking to low-income individuals who typically lack access to traditional banking. While microfinance can help solve some problems, it may not solve all of them as proper money management requires knowledge or training. For microfinance to truly benefit recipients, training is needed that considers their context, abilities, and family, and provides direction on how to invest funds for real profits.
UNIT 10: MICROFINANCE
- 1. UNIT 10: MICROFINANCE IS A REAL TOOL?
- 2. What is Microfinance? Microfinance is the provision of financial services to low-income clients, including consumers and the self-employed, who traditionally lack access to banking and related services.
- 3. But, is microfinance a real tool for poor people? Microfinance can give to the people a option to solve some problems, but not all of them. Because the management of money need a previuos knowlegde or training.
- 4. Training People can solve problems, in different situations but the right management of money or “microfinance”, need a kind of training, based on: Context Abilities Family
- 5. Interrelationship To get a real product, sustainable for the person who is receiving this kind of finance, need a real direction or advice to invest in the best way this money, and show them how to get real profits.