Open AccessMicro Finance And Poverty Reduction: Case Study Of The Economic And Monetary Community Of Central Africa Countries
Author(s) -
Herve Pascal Ndongo
Publication year - 2011
Publication title -
the international business and economic research journal/the international business and economics research journal
Language(s) - English
Resource type - Journals
eISSN - 2157-9393
pISSN - 1535-0754
DOI - 10.19030/iber.v11i1.6675
Subject(s) - microfinance , poverty reduction , poverty , economics , central bank , development economics , developing country , economic growth , monetary policy , monetary economics
Microfinance is regarded by many international development agencies including the World Bank as an effective mechanism for poverty reduction. However, as pointed out by Zeller and Meyer (2002), the use of microfinance for poverty alleviation is not backed up with sound facts derived from rigorous research. Using survey data of around 2000 observations collected in the six countries of the Economic and Monetary Community of Central Africa, this study provides evidence of positive impact of microfinance on production activities of micro business and on living conditions of low income families.