Micro Finance in Africa

The concept of providing small loans or microfinancing at little or no interest to help people in developing countries work their way out of poverty is a growing phenomenon. The loans greatly benefit those trying to develop a small business, but who have no collateral for a commercial loan. Some economists contend that microfinancing is particularly helpful for women who have to struggle against repressive social and economic conditions. VOA’s Paul Ndiho has the story.


Leave a Reply to Paul Ndiho Cancel reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s