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Microfinance, Poverty Reduction and Millennium Development Goals

Microfinance, Poverty Reduction and Millennium Development Goals

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Microfinance has ushered in a new understanding of the needs of the poor and the potential for financial services to enable the poor to escape from poverty. Current literature argues over the way how microfinance has enabled users to climb above the poverty line. This report explores how microfinance could boost current efforts to achieve the Millennium Development Goals. The relationships between specific Goal and microfinance are explored, together with the potential for mutual benefits between both. Why this potential has not been a higher priority for the microfinance sector is also considered. This report argues that substantial synergies are yet to be realized between microfinance and Goals, based on careful, well- targeted approaches that are not only pro-poor, but also focus on the unique situation of the chronic poor.
Microfinance has ushered in a new understanding of the needs of the poor and the potential for financial services to enable the poor to escape from poverty. Current literature argues over the way how microfinance has enabled users to climb above the poverty line. This report explores how microfinance could boost current efforts to achieve the Millennium Development Goals. The relationships between specific Goal and microfinance are explored, together with the potential for mutual benefits between both. Why this potential has not been a higher priority for the microfinance sector is also considered. This report argues that substantial synergies are yet to be realized between microfinance and Goals, based on careful, well- targeted approaches that are not only pro-poor, but also focus on the unique situation of the chronic poor.

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10/11/2014

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MICROFINANCE,
POVERTY REDUCTION AND THE MILLENNIUM DEVELOPMENT GOALS
 
United Nations Human Settlements ProgrammeNairobi 2011
MICROFINANCE,
POVERTY REDUCTION AND MILLENNIUM DEVELOPMENT GOALS
 
ii
Te Global Urban Economic Dialogue Series
Microfinance, Poverty Reduction and Millennium Development GoalsFirst published in Nairobi in 2011 by UN-HABIA. Copyright © United Nations Human Settlements Programme 2011 All rights reserved United Nations Human Settlements Programme (UN-HABIA) P. O. Box 30030, 00100 Nairobi GPO KENYA el: 254-020-7623120 (Central Office) www.unhabitat.org HS Number: HS/007/11EISBN Number(Series): 978-92-1-132027-5ISBN Number(Volume): 978-92-1-132302-3
Disclaimer
Te designations employed and the presentation of the material in this publication do not imply the expression of any opinion whatsoever on the part of the Secretariat of the United Nations concerning the legal status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers of boundaries. Views expressed in this publication do not necessarily reflect those of the United Nations Human Settlements Programme, the United Nations, or its Member States.Excerpts may be reproduced without authorization, on condition that the source is indicated.Cover photos: Xing Quan Zhang 
 Acknowledgements:
Director: Oyebanji Oyeyinka Principal Editor and Manager: Xing Quan Zhang Principal Author: Joe Remenyi English Editor: Tierry NaudinDesign and Layout: Peter Cheseret
Printing and Prepress: UNON/Publishing Services Section/Nairobi, ISO 14001:2004-certified.

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