Microfinance – Important Role in Economic Growth

In a world where almost half the population lives on less than $2.50 a day, microfinance is perhaps the best tool for poverty alleviation and economic growth and development in emerging economies as well as in major world economies that face growth problems. Of course, microfinance is not impervious to impact of the global financial crisis. Instead, we realize that this helps the poorest of people setup and grow the smallest of businesses, so by generating income and employment, microfinance helps them, their communities and their economies.

This fact is recognized in theory as well as in practice.