microfinance plus

November 17, 2011

Microfinance Pioneer Sir Fazle Hasan Abed, Founder of BRAC, Advances “Business in a Box” Strategy

The world's largest antipoverty organization advocates a market-oriented approach to job creation and poverty alleviation, putting poor borrowers on a path to prosperity by giving them a “business in box.”
November 10, 2011

What poor people need – according to them

Today the State of the Microcredit Summit Campaign Report 2011, which reviews the reach and impact of microfinance, came out.In light of the difficulties microfinance institutions have faced this past year - from natural disasters to government crackdowns to the collapse of the market in Andhra Pradesh, India - the report stresses the importance of listening to the clients. And from Bangladesh to Uganda, clients of BRAC and many other microfinance institutions have said they want the same three things: Enough food to feed their family, A secure and protective shelter, and Access to education for their children.