Commercial banks often consider that the poor are not creditworthy and think that the cost of administering many small loans is too high. Thirty years of micro-credit experience around the world shows that poor and low-skilled people are reliable borrowers who invest wisely and pay back in time.
Commercial banks often consider that the poor are not creditworthy and think that the cost of administering many small loans is too high. Thirty years of micro-credit experience around the world shows that poor and low-skilled people are reliable borrowers who invest wisely and pay back in time. Experience also shows that women primarily focus on the needs of the family to a greater extent than men. It turns out that most women, who have invested in everything from chicken breeding and mini life to dairies and mills. Running a small business gives women the opportunity to control their own lives and thus become less dependent on men. Many have also gained greater confidence and participate more in various decision-making processes in their hometowns, even though women usually have an obscured role in many of the African communities.
