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SEARCA PBS 2007-1: Microfinance: Shortcutting the Long and Winding Road to Financial Security

The Microcredit Summit in 2006 reported that about 97 million poor families have been served by a total of 1,652 microfinance institutions (MFIs) in Asia and the Pacific. How can poor families, particularly those relying on agriculture, become financially secure? Microfinance promises to shortcut the long and winding road to financial security. Found to work out well in Asia, it involves smallscale credit, savings, and insurance to meet the needs of poor producers. Microfinance programs also provide skill-based training and other forms of support to empower the poor. It has become an important approach for poverty reduction in many parts of the world, including Asia and the Pacific region.

Southeast Asian Regional Center for Graduate Study and Research in Agriculture
Authors Keywords
Malicsi, Lorna C.; poverty reduction; microfinance; financial security;
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Published in 2007 and available in the SEARCA K-Shop or can be downloaded as full text Downloaded 5,665 times since August 15, 2018