If you have never visited the microfinance gateway, visit it here. It has the latest news in the microfinance area. Recent headlines include:
- African Union urges politicians to stay away from microfinance (i.e. don’t engage in political meddling)
- Record Bank expansion in Kenya ( the number of Kenyans with bank and savings accounts tripled last year, from 3.3 million to 10.1 million)
- The Asian Development Bank has set a new poverty line (the new estimates show a fall in poverty across the region).
“At the heart of BRAC’s approach to development is organizing the poor. Organizing the poor into microfinance groups builds community and enables them to address the constraints they face. BRAC’s “multiplied” approach leverages the power within these groups to develop a sustainable, social entrepreneurial approach to deliver essential services to the poor. BRAC helps the group build essential linkages that integrate members into the society and market while ensuring they receive fair treatment, prices and practices”.
The micro-financiers amongst you should also check out the latest BWPI working papers, including Farhad Hossain and Tonya Knight on ‘Financing the Poor: Can Microcredit Make a Difference’, which takes an in depth look at Bangladesh. We have papers on microfinance in Barbados and India, as well.