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Microfinance: A Lifeline for Poor Rural People Image

Promoting Inclusive Markets and Financial Systems

Microfinance: A Lifeline for Poor Rural People

Microfinance: A Lifeline for Poor Rural People

Summary

Ever since Muhammad Yunus and his Grameen Bank were awarded the Nobel Peace Prize in 2006 "for their efforts to create economic and social development from below," there has been a surge in world attention on microfinance and its power to fight poverty. Recently, microfinance has also been attracting the attention of the private sector. In December, Deutsche Bank released an in-depth study of microfinance as an emerging investment opportunity for private sector investors. Then in January, Forbes magazine came out with a list of the 50 top microfinance institutions.

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