Friday, August 19, 2005

Microfinance helps achieve the Millennium Development Goals?

Microfinance is an added small capital to the already inherent five capital of any homestead or unit of activities where there is no capital investment. So, micro-financing is a kind of capital added to the inherent five capital of any unit of activities.

Micro-financing while added to the five capitals will generally generate frontiers expansion of the unit capital which will help developing areas of poverty alleviation is growing finance & capital formation.

Once the five capitals are developed and while micro financing is added to it may constitute a separate capital to grow more in capital formation in the quake of poverty alleviation.

We hope that micro-financing is an essential ingredient to form initial capital in the wake of poverty alleviation efforts.

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