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Essentially, the concept of microfinance focuses on empowerment, sustainability and economic viability, and holds potential as a viable solution to some of the world’s poverty.
This inspires me, and I was thus driven to pick it as a topic for further exploration in the introductory seminar CS73N: “Business on the Information Highways”, which has as its final project the creation of a website on the topic of choice.
This site aims to furnish the reader with more information about microfinance, and promote greater engagement with this engine of change, particularly in Bolivia, which has one of the most developed microfinance sectors worldwide and has served as a global case study for microfinance.
Navigating through the site, you will find background information on microfinance — its strengths, limitations, challenges, future prognosis— learn about organizations working with microfinance in Bolivia and possible volunteer involvement opportunities, caveats to this, enter an interactive discussion area where you can express your opinions freely, find out the latest happenings in Bolivia, and also access a database of links that might guide you in learning more. |
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2005: United Nations “International Year of Microcredit” 2006: Muhammed Yunus and the Grameen bank in Bangladesh, which pioneered group lending in the 80s, granting loans to small groups of families instead of individuals, were awarded the Nobel Prize. |
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Microfinance in Bolivia |
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‘ Microfinance refers to small-scale financial services for both credits and deposits — that are provided to people who farm or fish or herd; operate small or microenterprises where goods are produced, recycled, repaired, or traded; provide services; work for wages or commissions; gain income from renting out small amounts of land, vehicles, draft animals, or machinery and tools; and to other individuals and local groups in developing countries, in both rural and urban areas’. - Robinson |
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Email: pfefferlinge@gmail.com |
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Contact: |