EAN: 9783960671619

POVERTY ALLEVIATION THROUGH SELF-HELP GROUPS IN...

In developing economies and particularly in rural areas  many activities that would be
classified in the developed world as financial are not monetized: That is  there is no money
used to carry them out. This is often the case when people need the services money can provide
but do not have dispensable funds required for those services  forcing them to revert to other
means of acquiring them. People find creative and often collaborative ways to meet the needs 
primarily through creating and exchanging different forms of non-cash value. Common substitutes
for cash vary from country to country but typically include livestock  grains  jewelry and
precious metals. In the 2000s  the micro finance industry's objective is to satisfy the unmet
demand on a much larger scale  and to play a role in reducing poverty. While much progress has
been made in developing a viable commercial micro finance sector in the last few decades 
several issues remain that need to be addressed before the industry will be able to satisfy
massive worldwide demand.

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