Angela Viah A.

Asistido – BSTM Block 1

Microfinance and Development
WEEK III

Prior knowledge!
Week 3 Synthesis of Weeks 1 and 2 (Mandala, Microfinance Definition, History,
Trends and Challenges)

Mandala helps to determines ones capabilities, weaknesses, likes, and dislikes,

successes and failures in life and unforgettable experiences which make what
they are now. In knowing our strengths, we can capitalize on them, in
acknowledging our weaknesses; we can bring to improve them. Microfinance is a
financial services such as deposit, loans, payment services, money
transfers/remittances, and insurances to poor and low income households and
their micro-enterprises. It is not a salary nor a cure for poverty. It was early
beginnings when an Informal credit and savings groups, Informal village level
moneylenders. Year 1960’s to 70s when Microfinance stated as the main
provider of financial services. During Mid-80’s, the Grameen Bank in Bangladesh
started with 42 clients with US$27 of portfolio. Many MFIs/Banks/NGOs were
established and involved in microfinance including CARD MRI on year 80s and
onwards.
Application:

1. Give the five (5) poorest countries in ASIA.

 Nepal
 Afghanistan
 Tajikistan
 India
 Yemen

2. Give at least 5 concept of poverty as a human condition that reflects

failures in many dimensions of human life.
Hunger
Unemployment
Homelessness
Illness and health care
Social injustice
Assessment: Essay

Poverty is number one problem in every country that many people suffered. As
student, how could you help our country to eradicate poverty?

By doing my responsibility as a student. Educate as I can, share my perspective

about poverty to those people who are not aware of the happenings. And
educating my fellow youth means leading them and being responsible for your
actions. Most of the reasons why poverty is increasing is because of the people
who keeps on doing problems such as teenage pregnancy, people who don’t have
job and the population especially.