An introduction to the world of micro-finance and how it impacts on the attempt to eradicate poverty.

An endeavor to develop competent micro enterprise for the hardcore poor, focusing on enterprise development service for balancing the sustainability.

2.1 Since the beginning of time and Middle Ages:Informal saving and credit groups have operated for centuries across the developing world. In Europe, the Catholic Church founded pawn shops in the 15 century, spread throughout the urban areas of region.

Market based micro credit model is a pricing structure that ensures cost recovery and prevents fund depletion. The planning and cash cycles of these enterprises are relatively short.

Microfinance fleeces the poor people with its high interest rates. But poor people are totally dependent on these micro finance institutions and cannot survive without them. This is the irony in the present day India.

Mainstream microcredit findings are now being questioned by the mainstream. Thus, a part of mainstream research systems, stakes and stakeholders, and the vulnerability of mainstream, has gotten exposed. A DFID-funded systematic review concludes: ‘Almost all impact evaluations of microfinance suffer from weak methodologies and inadequate data thus the reliability of impact estimates are adversely affected. Duvendack M, Palmer-Jones R, Copestake JG, Hooper L, Loke.

NGOs are overwhelmed with Micro credit programs in the name of poverty alleviation and up-liftment of poor peoples’ conditions in the countries like Bangladesh. The question of sustainability and reality are two different wings that are missing links somewhere. This study would try to explore that part.

Its an article which talks about one of the way to alleviate poverty in Africa.

The economy of the social sciences that includes studies on the production, distribution, demand, supply and consumption of goods and services. However, it is especially tempting to explain how economies work and how economic actors interact. In addition, the two branches of study Financeis: Micro Finance (discussing the economic behavior of agents, companies and individuals) and macro (to answer the question of inflation, unemployment, fiscal and monetary policy in the whole economy).

Kiva helps people change their lives but providing them opportunity to obtain money they could use to make a decent living.