Microfinance
and women's empowerment: A little credit goes a long way
Poor women are being drawn into commercial economic activities
for the first time, enabling them to take advantage of new opportunities.
The microfinance revolution started among rural women in Bangladesh
in the 1970s. The revolution had its roots in the recognition
that poor people needed credit and, more importantly, that they
could use loans productively and responsibly. It showed that
we were wrong in believing that poverty and a lack of collateral
meant that poor people were not creditworthy. This belief was
simply our own social prejudice.
Source: IFAD
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