Poor women in particular benefit from microfinance services. Women’s status, both in their homes and in their communities, is elevated when they are responsible for managing loans and savings. The ability to generate and control their own income can further empower poor...Read More
Poor families with access to financial services are more likely to send their children to school, and the children stay in school longer. Right Sharing of World Resources (RSWR) is a program of the Religious Society of Friends (Quakers) supporting grassroots projects for...Read More
Studies of the impact of microcredit in more than 24 countries found dramatic improvements in household income levels. The studies found that access to microcredit allowed the borrower to increase the number of goods or services sold and reduce the costs of supplies and raw...Read More
The empirical evidence is clear: those working poor who participated in micro credit programs with access to financial services were able to advance their personal and family standard of living, much more than those who did not have access to micro credit. Right Sharing of...Read More
Many women members of microfinance groups no longer believe they should be dependent or that they should remain confined to the home. They are more likely to send their daughters to school. Through their involvement in microfinance, many women become leaders, instigating change...Read More
Many qualitative and quantitative studies have documented how access to financial services has improved the status of women within the family and the community. Women have become more assertive and confident. In regions where women’s mobility is strictly regulated, women...Read More
Microfinance has drawn millions of women into commercial economic activities for the first time, enabling them to take advantage of new opportunities and develop new roles as cash income earners and economically active members of the community. The impact of microfinance...Read More
Self help group (SHGs) formed in rural India operate on the principles of mutual trust, co-operation and interdependence. Membership is offered to women living in poverty who “fall through the cracks” when it comes to accessing traditional loans in order to finance...Read More
Microfinance has drawn millions of women into commercial economic activities for the first time, enabling them to take advantage of new opportunities and develop new roles as cash income earners and economically active members of the community. The impact of microfinance on...Read More
Right Sharing of World Resources is a Quaker micro-credit organization that supports grassroots income-generating projects in developing countries, led by women, many of whom are making less than a dollar a day.
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Recent stories of positive change in Kenya, Sierra Leone and India.
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