The text focuses on the role of microfinance in the context of the developing economies. The various parameters that need to be taken care in respect of the microfinance sector and the manner in which microfinance can have a positive impact in the liberation of the people from the lowest income bracket through financial empowerment.
The text revolves around the issue of providing services to the poorer section with the intention of ensuring that groups of people which were financially either not served or underserved. The main idea of microfinance aims at ensuring at providing financial services to the poor through microfinance in an effective way for alleviation of poverty and particularly working for the empowerment of women in the developing nations. It has been seen that the presence of poverty, illiteracy, malnutrition and host of other social and economic deficiencies prevents the people to escape from the clutches of poverty, unless they are infused with financial inclusion through systems like microfinance.
Summary of Key Finding
The text is aimed at ensuring that positive changes can be initiated through financial inclusion. The research of bringing about social changes works towards focusing on issues like number of the people served, measuring the poverty level of clients, ensuring sustainable profitability of the organizations working in the field of microfinance and improving the operational efficiency of such institutions. Such factors would assist in the formation of a background system that would help in the alleviation of poverty through financial inclusion of the poor sections of the society.