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How does microfinance help the poor?

Office Management Accounting Financial Accounting Financials Finance
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Question added by Divyesh Patel , Assistant Professional Officer- Treasury , City Of Cape Town
Date Posted: 2014/03/20
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Divyesh Patel
by Divyesh Patel , Assistant Professional Officer- Treasury , City Of Cape Town

  1. It can provide microentrepreneurs with the capital needed to operate and expand their businesses.

  2. Allows them to build their assets, for example by acquiring land, constructing or improving their homes and purchasing livestock and poultry.

  3. It can reduce poor people’s vulnerability.

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