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Tags : microfinance


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Not to profit from poverty

FOR over four decades, microfinance has been hailed as a revolutionary tool for poverty alleviation. From the villages of Bangladesh to the favelas of Latin America, it promised to transform the unbanked into entrepreneurs and empower women through credit. Yet, as the model has evolved, its soul has been compromised. What began as a humanitarian effort to...

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Financial literacy for rural communities

IN THIS fast-changing economic environment, financial literacy has been elevated from a skill to a critical necessity. Nearly two-thirds of Bangladesh’s population resides in rural areas, where the lack of introductory financial knowledge impedes development and perpetuates poverty cycles. Abecedarian financial literacy is still unknown to millions of people living...

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Economic justice

MICROFINANCE has long been recognised as a vital tool for combating poverty and empowering low-income populations, particularly in developing countries. By extending small loans to individuals who are often excluded from formal financial systems, microfinance...

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Soft microfinance: potential game-changer

MICROFINANCE is welcomed as a revolutionary tool to eradicate poverty, providing financial access for those excluded from traditional banking systems. It emerged with a promise to empower small entrepreneurs and poor people, especially women, by offering them loans to do businesses, secure livelihood and achieve financial independence...

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BRAC launches 'Livestock Grow Initiative'

BRAC’s Microfinance programme has officially launched the 'Livestock Grow Initiative’ to ensure financial security and sustainable development for livestock farmers across the country...