This clever cartoon hits two birds with one stone: It explains that one of the reasons microfinance is vital for the poor is the apathy of governments of developing economies to help the poorest of the poor. Plus, even if public plans are initiated, their trickledown effect is weak. It mentions that poverty alleviation is [...]
We have often heard, ‘microfinance is not a panacea for poverty’ and this comic aptly depicts why. Buffalo is U.S.A’s third poorest city [1] where almost a third of population lives below to poverty line, and while leaders may express hope about ‘change’ (as in microfinance), it is important to remember a number of social [...]
Some believe that microfinance will survive the economic crisis without problem. Whether the point of view is correct or not is another story, but this picture certainly explains the idea.
This amusing succinctly conveys one of the biggest plights of micro entrepreneurs today – a shortage of debt funds – which hinders their growth. Failing to obtain an adequate loan can be a result of various factors, such as high interest rates on small loans, lack of awareness about funding sources or even a poorly [...]
