Microcredit Financing Organizations: Global Players Empowering Women and Alleviating Poverty Worldwide
Date of Award
8-16-2011
Document Type
Undergraduate Capstone Project
Degree Name
Master of Liberal Studies
Organizational Unit
University College, Global Community Engagement
Disciplines
Global Affairs
First Advisor
Benjamin Gochman
Keywords
Microfinance, Microcredit, Women's empowerment, Solutions for world poverty
Abstract
World poverty is a global issue and a development issue. Poverty reduction and women's empowerment are deeply connected to regional stability and long lasting peace. Nations will continue to be plagued by poverty, and top-down government agency aid programs to date have been unsuccessful. Encouraging news resides in innovative microfinance initiatives that alleviate poverty and impact millions of impoverished people around the globe. Microfinance organizations provide small loans, primarily to women otherwise excluded from the formal banking sector, for entrepreneurial endeavors. Myriad social, educational, and health programs accompany microfinance loan services. It is a powerful poverty-fighting tool with socioeconomic benefits. Evidence suggests that while imperfect, microfinance goals and successes are inspiring given the paucity of realistic alternatives in today's global development arena.
Publication Statement
Copyright is held by the author. Permanently suppressed.
Recommended Citation
Thomas, Katie, "Microcredit Financing Organizations: Global Players Empowering Women and Alleviating Poverty Worldwide" (2011). University College: Global Community Engagement Capstones. 12.
https://digitalcommons.du.edu/ucol_gs/12