Nomsa Tsabedze is one of the many people at the Bunye Betfu, Buhle Betfu
Credit and Savings Cooperatives waiting to apply for a loan to pay for her
children's school fees.
Poor families are well aware of the devastating effects of unforeseen expenses on their lives. Microinsurance, a recent microfinance tool, has the potential to limit their vulnerability and combat poverty, experts say.
Although microfinance is more deeply rooted in Latin America than in other regions, in Argentina the sector is less developed, but has enormous potential, experts say.
Hailed as economically viable and socially responsible,
cooperatives have over one billion members worldwide and can
be found in sectors ranging from agriculture to finance to
health.
Microfinance initiatives to fund development could benefit
from reinvigorating their aims and taking on new, integrated
approaches, according to experts at the 2011 International
Forum on the Soci
As industrial production penetrates all corners of the planet and transnational
capital gains have unfettered access to virtually every country and community,
the United Nations has declared 2012 t
When Andrew Poku's mother passed away he needed help to pay for her funeral.
So the 35-year-old teacher from Accra turned to one of the country's several
loan companies for a 670-dollar loan.
