INTD 397 Chapter Notes - Chapter Microfinance: Wage Labour, Food Security, Infant Mortality
19 Sep 2017
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Document Summary
Microfinance strategies for poverty reduction: markets and movements. Large pay-outs help out in times of financial crisis or used to purchase production assets. Poor are often dismissed as unreliable, hence unbankable . Institutional exclusion from formal financial services -> poverty cycle. Microfinance organizations (mfos) exist to address this exclusion, but they vary in their philoshopy: Market end spectrum: seek to provide market like alternatives to excluded groups. Movements end: seek to address fundamental structural inequalities (poverty-lenders approach) There are not only economic consequences but also social consequences of the actions of mfos. They have the potential to address to address social inequality among the targeted women who are often in the poor, marginalized groups. Their group-based strategies allow them to enact a bigger change than done individually. Mfos allow them to belong to a group other than the socially and economically predestined groups that compose their lives.
