Small Loans to Women Make Big Changes – Global Examples of Benefits
Author: Womens UN Report Network
Date: July 22, 2005
WUNRN
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“There was no hardware “After borrowing from family members She also sold tomatoes, “not your However, she needed more investment. But she heard about the Kenyan Women’s The money revolutionised her business. Other benefits In fact, it did more than that. The loan also improved the prospects of
Seven years later, Ms “This is one of the most exciting “Microfinance can help women, but it ‘Real difference’ Joyce’s story, told during a small event on
It may be just one Kenyan The Women’s World Bank has a network of Local organisations can provide support, Ms Iskenderian, who spent 17 years at the “What is exciting is you are making a Nobel prize The idea that providing a small amount of But microfinance schemes have gained Mr Yunus, who founded the bank in 1983, was “Traditional finance tends not to Nowadays, microfinance loans are available Saving Helping women in business activities – It also gives them to chance to put money “Saving is a huge problem,” says
Poor people can and do save However, lending money that is then “If people can save, they can reduce their Community investment One of the most striking aspects of these Repayment rates in certain micro-credit What distinguishes men and women when they When women are the recipients of
Women tend to invest in Men, on the other hand, put more back into And it is not just in the developing world These tend to be single parents, disabled “Microfinance is a very powerful tool Social roots Microfinance is far from cohesive and
Nonetheless, there has been But this has also raised concerns that the “It could become the victim of its own Advocates are keen for the social goals of Joyce’s story reveals that it is far more If the end – as in her case – means |
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