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Women’s Access to Credit. Millennium Developmental Goals for 2015. United National Millennium Goals Goal #3. Promote Gender Equality and Empower Women Increase women’s access to credit. Problem. People in impoverished countries remain excluded from economic growth - PowerPoint PPT Presentation
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WOMEN’S ACCESS TO CREDIT
Millennium Developmental Goals for 2015
United National Millennium Goals Goal #3
Promote Gender Equality and Empower Women Increase women’s access to credit
Problem People in impoverished countries
remain excluded from economic growth
Many are still far away from reaping the benefits of the global economy
Microcredit Institutions (MCIs) Offer access to small credit loans Teach women basic ways of
borrowing and paying off loans Begin a business, invest the money,
education, feeding the family, clothing and shelter
Women and MCI’s Women have always been the focus of
MCI More likely to invest their money towards
the well-being of their families
Kiva Kiva is an example of an MCI
Mission is to “connect people, through lending, for the sake of alleviating poverty.”
Empowers individuals to lend to an entrepreneur across the globe
Grameen Bank (GB) Removed the need for collateral and
created a system based on mutual trust, accountability, participation and creativity.
Provides credit to the poorest of the poor in rural Bangladesh.
Success Story A married women with 3 children who
sells groceries, and clothes received a loan of $450 to buy more supplies.
She has been able to get more profit and train her children. She paid the loan back in full after 10 months.
Results Ninety five percent of people who borrow,
pay back the loans The high payback rate helps build the
financial security of the group, improves chances of moving away from poverty
What do you think?
References
Grameen Bank. (2011). Banking for the poor. Retrieved on September 15, 2010 from http://www.grameen.com/index.php?option=com_zoom&Itemid=103
Kiva. (2010). Loans that change lives. Retrieved on September 14 from http://www.kiva.org/
United Nations. (2010). Work for the People and the Planet. Retrieved on September 14, 2010 from http://www.un.org/works/sub3.asp?lang=en&id=22
Photographs: Kiva. (2010). Loans that change lives. Retrieved on September 14 2010 from
http://www.kiva.org/press/imagegallery
Kate PerkinsUniversity Scholars Program
Hazel Forsythe, Ph.D. RD. LD.Associate Professor
March, 2010
Educational programs of Kentucky Cooperative Extension serve all people regardless of race, color, age, sex, religion, disability, or national origin.