Dr Pokhrel hypothesized that microcredit is a sustainable tool for poverty reduction, based on the idea that access to microcredit can improve household income and employment opportunities, thus leading to increases in household consumption and asset ownership. The study employed data from
Tag: poverty
MICROFINANCE EVENT: Opportunity Collaboration: OC2023; October 15-19, 2023; Miches, Dominican Republic
The purpose of this event is to enable attendees to collaborate on solutions to global poverty and injustice. The agenda is primarily attendee-led, with an “unconference” style. For example, Affinity Circles allow attendees to meet informally in groups based on their region, role or goal of interest.
MICROCAPITAL BRIEF: FINCA DRC, Flash International Partner to Expand Mobile Access to Financial Services in Congo
FINCA Democratic Republic of Congo (DRC), a subsidiary of US-based FINCA Impact Finance, recently announced a partnership with Flash International, a DRC-based financial technology (fintech) company. FINCA customers will gain access to Flash App, Flash International’s mobile financial services platform, while Flash customers will
MICROCAPITAL STORY: $10b Islamic Solidarity Fund for Development Programs Approved with Goals to Reduce Illiteracy and Poverty throughout the Muslim World Focused on Microfinance
The Islamic Development Bank (ISD), a multilateral development financing institution founded in 1975 out of Jeddah, Saudi Arabia announced the implementation of a five year plan to eliminate poverty, reduce illiteracy and fight contagious diseases throughout the Muslim world. The Islamic Solidarity Fund for Development, a USD 10 billion fund will fuel the development of two programs; the Vocational Literacy Program for Poverty Alleviation (VOLIP) and the Microfinance Support Program (MFSP). Both programs will target pockets of poverty throughout the 56 member nations of the ISD which include developing nations in Africa, the Middle East, Asia and the Commonwealth of Independent States. The primary use of funds, however, will target the poorest ISD states, 80 percent of which are located in Sub-Sahara Africa.