Microfinance and Poverty Reduction
The potential of savings, credit and other financial services to support the livelihoods of poor people is increasingly being recognised. Microfinance interventions can raise incomes, contribute to individual and household security, and change social relations for the better. But it cannot be assumed that they will do so. It may often be more effective in terms of poverty reduction to support existing user-owned services or to link people up with established banks.
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