Microfinance a Tool to Poverty Reduction

Worldwide approximately 3 billion people survive on $2 a day and more than half billion survive on less than $1 per day. Thus poverty eradication has been a concern for most governments. For example, as stated in the Tanzania Poverty Eradication Strategy (1998); the long term objective of Tanzania government is to reduce poverty by the year 2010 and eradicate poverty by the year 2025. This book examines the impact of microfinance on assets accumulation among women in 'village banking'(module devised by Muhammad Yunus). It is based on women because they form a marginalized part yet very important group. The Author has used scientific approach to critically analyse the impact of Microfinance. Coupled with clients input, the book provides very useful information as to how microfinance could significantly contribute to poverty reduction.