This proposal aims to explore the impact of microfinance on poverty alleviation in underprivileged communities. By providing small loans and financial services to individuals who lack access to traditional banking, microfinance has the potential to empower individuals, stimulate economic growth, and reduce poverty.
This study will assess the effectiveness of microfinance institutions (MFIs) in various regions, identify best practices, and propose strategies to enhance the role of microfinance in poverty reduction.
Introduction
Poverty remains a significant challenge globally, affecting millions of people and hindering economic development. Traditional financial systems often exclude the poor, leaving them without access to essential financial services.
Microfinance offers a solution by providing small loans, savings accounts, and insurance to those who lack access to conventional banking. This proposal seeks to evaluate how microfinance can empower communities and contribute to sustainable poverty alleviation.
NEXT>>
