Journal
| Title | Role of Microfinance in the Economic Empowerment of Urban Poor | |
| Author's Name | Faraz Ahmad Abbasi and Faraz Ahmad | |
| ISSN | 0974-7281 | |
| Page(s) | 89-96 | |
| Volume No. | 3 | |
| Issue Month | july 2011 | |
| Keywords | Microfinance, Poverty alleviation, SHGs, Urban poor. | |
| Abstract | Urban poverty is a complex phenomenan that combines economic deprivation with social and human development, benefits in education, sanitation, housing and healthcare. Many urban poor households survive through multiple negative experiences like employment or irregular employment, consumption constraints, domestic violence, alcoholism, drug abuse and tenure insecurity. An effective approach to urban development and poverty alleviation, hence, will have to be designed around multiple objectives and by integrating existing service delivery structures in the public sector (like in health, sanitation, housing and education) with community centered structures like SHGs that can offer locally relevant and affordable financial products and services to poor and low income families. The impact of microfinance interventions will be severely limited both in urban and rural locations, unless well directed investments are made in physical and social infrastructure. |
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