Women’s economic empowerment through microfinance in Cambodia
Overview
The use of microfinance to enhance income generation and job opportunities among the poor is a popular tool for governments and non-governmental organisations involved in raising standards of living in developing countries. Providing very poor families with small loans to invest in their micro enterprises, Village Bank empowers them to create their own jobs, increase their incomes, and increase their families’ well-being. As women are more likely to spend the majority of their personal incomes on improving the family situation, this economic empowerment greatly benefits their children, who are generally more likely to attend school and have better nutrition.
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