A Look at Microfinance Term Paper by Nicky

A Look at Microfinance
This paper takes a look at microfinance in the world of economics.
# 148826 | 1,872 words | 3 sources | MLA | 2011 | US
Published on Nov 07, 2011 in Economics (Micro)

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This paper is a discussion on microfinance and how this field of economic specialization is growing. It takes a look at Microfinance Institutions, or MFI's, which provide capital for developing countries. Two examples it provides of how MFI's work, and what they are doing is provided by Opportunity International and Women's Opportunity Fund. The conclusion is that microfinance provides opportunity for growth and has largely been successful.

From the Paper:

"To facilitate this, Opportunity International hopes to develop stronger partnerships worldwide. Donations will need to be acquired from a wider variety of institutions and governments. The organization's operations in Eastern Europe are a key part of this plan as well. OI's banks in Eastern Europe are its largest, and the deposits there, along with loans paid off in the coming years, will help facilitate strong growth in other regions.
"In the long run, Opportunity International is committed to dealing with the challenges in Africa. The AIDS epidemic is a major obstacle to economic growth. Part of OI's mandate in the region is to provide opportunities for widows and young adult children of AIDS victims, so that one family member's death from the disease does not eliminate the economic prospects of the entire family. The organization believes that as economies and opportunities improve, a measure of stability can be brought to the continent, facilitating further growth, leading to the eventual elimination of poverty and gaining control over the AIDS epidemic."

Sample of Sources Used:

  • Opportunity International website. Retrieved April 23, 2009 from http://www.opportunity.org/
  • Bill & Melinda Gates Foundation website. Retrieved April 23, 2009 from http://www.gatesfoundation.org/Grants-2007/Pages/Grant-48772.aspx
  • Mixmarket.org website. Retrieved April 23, 2009 from http://www.mixmarket.org/en/partners/partners.quick.search.asp

Cite this Term Paper:

APA Format

A Look at Microfinance (2011, November 07) Retrieved April 21, 2024, from https://www.academon.com/term-paper/a-look-at-microfinance-148826/

MLA Format

"A Look at Microfinance" 07 November 2011. Web. 21 April. 2024. <https://www.academon.com/term-paper/a-look-at-microfinance-148826/>