Currently, microfinance developments are perceived as being the best vehicles towards economic development in developing nations of Africa and Asia. Undeniably, these small scale financial approaches are instrumental in poverty reduction within economically weak communities. However, the effectiveness of microfinance development in Africa and South Asia is often overestimated. Despite being a practical alternative towards social and economic developments in poverty-stricken societies, effectiveness of microfinance approaches are riddled with technical weaknesses which include but not limited to poor coaching, shallow monitoring programs, and limited consultancy services (Hal and Shams 21). Basically, small-scale microfinance developments provide direct resources that fuel developments on economic fronts within developing communities in Africa and South Asia. However, microfinance approaches do not independently foster development. Besides creating a favorable environment for improvement, developmental importance of small-scale microfinance developments is dwarfed by other influential factors like government stability, low crime rates, and favorability of commercial environments in developing nations.
Admittedly, microfinance development services have provided a myriad of economic benefits to medium and small scale enterprises in developing nations of Africa and South Asia. For example, entrepreneurial projects in poor communities of Northern Nigeria have been elevated by approximately 12% annually, since 2005 (Smith 52). Based on a research by USAID, microfinance services have strengthened small and medium enterprises in Northern Nigeria. In partnership with private microfinance service providers, the Nigerian government has eased accessibility of micro-insurance, micro-credit, and micro-lease services to members of poor communities. For example, governmental organizations and private banks have provided group loans to women associations
Cite this document
(“Are small scale micro-finance development projects the best approach Essay”, n.d.)
Retrieved from https://studentshare.net/social-science/752899-are-small-scale-micro-finance-development-projects-the-best-approach-to-development-in-africa-andor-south
(Are Small Scale Micro-Finance Development Projects the Best Approach Essay)
“Are Small Scale Micro-Finance Development Projects the Best Approach Essay”, n.d. https://studentshare.net/social-science/752899-are-small-scale-micro-finance-development-projects-the-best-approach-to-development-in-africa-andor-south.
Cited: 0 times
In practical contexts, examples of small financial services involved in microfinance developments include but not limited to,…
“Malaysia, a middle-income country, has transformed itself since the 1970s, from a producer of raw materials into an emerging multi-sector economy. Under Prime Minister NAJIB, Malaysia is attempting to achieve high-income status by 2020, and to move farther up the value-added production chain by attracting investments in Islamic finance, high technology industries, biotechnology, and services”1 In the year 2007, Malaysia’s economy was the 3rd main financial system in South East Asia, and the 28th biggest economy in the world, by purchasing power parity among gross domestic products for the year 2008.
Microsoft is arguably one of the most triumphant examples of this, has become one of today's corporate giants despite its relatively humble beginnings. Founded by Bill Gates and Paul Allen, this company has since become the world's largest software company. Gates himself has become one of the wealthiest people in the world through his accomplishments.
By “drivers of success” is meant that those factors that, if adequately present, would assure the success of the development of a small to medium scale enterprise. Background and Academic (brief scan of theory) A brief review of the important theories about the factors that impact on the performance of small and medium scale enterprises, show that the most common concerns include firm size, life cycle vis-a-vis age, the structure, innovativeness, and strategic alliances that the firm has built up.
The paper takes a closer look at the ways employed by Steve Jobs in making Apple a top company in the US and the world in general. Apple combines art and technology to design innovative products. A great entrepreneur will always struggle and take huge risks so that the company can remain a leader in the market.
While these logical fallacies may hold rhetorical appeal for an audience, as they seem to rely on strong knowledge, upon further investigation they frequently demonstrate the propensity to which society is willing to accept erroneous assumptions. In investigating such forms of argument, this essay examines the implementation of five logical fallacies in the popular media.
But because it has been a long time now and Africa still seemed to be in need of development, the better question to ask is that is it still valid to blame colonialism or neocolonialism for Africa's dependence to the colonialist.
As the report declares women status has been recognized as subordinate throughout centuries and cultures. Women had to struggle for their recognition as equal partners and society members. This paper concentrates on women of South Africa who have been active participants of struggle against apartheid regime.
There is a definite problem with police corruption in police forces all over the world. This corruption may be anything from forging documents to sexual misconduct, and all points in between. However, there is not enough development in research on this issue,