Microfinance : Tredition Gmbh : 9783384252050 : 3384252055 : 06 Jun 2024 : Microfinance, the concept of extending small loans to the poor, has captured global attention as a potential weapon against poverty. "Microfinance: A Historical Perspective on Its Role in Poverty Reduction" delves into the evolution of this idea and its effectiveness throughout history. The seeds of microfinance were sown in the 18th and 19th centuries with early credit initiatives. However, widespread interest emerged in the late 20th century: - Empowerment and Opportunity: Microfinance offered the promise of financial inclusion for those excluded from traditional banking systems, empowering them to build businesses and generate income. - Success Stories: Early microfinance initiatives showcased individuals lifting themselves out of poverty through microloans, fueling optimism and international support. - Focus on Sustainability: The development of microfinance institutions aimed to build a sustainable financia