Open AccessTHEORETICAL ANALYSIS OF MICROFINANCE ON POVERTY ALLEVIATION
Author(s) -
Prasansha Kumari
Publication year - 2020
Publication title -
journal of economic info
Language(s) - English
Resource type - Journals
eISSN - 2708-8448
pISSN - 2313-335X
DOI - 10.31580/jei.v7i3.1709
Subject(s) - microfinance , collateral , poverty , joint and several liability , face (sociological concept) , welfare , economics , financial services , business , financial system , economic growth , liability , finance , sociology , market economy , social science , tort
The objective of this paper is to investigate theoretical background of microfinance and poverty alleviation. The article consist the two types of theories, which related to microfinance. First types of theories addresses the specific issues the poor have to face when seeking access to formal financial resources, due to the lack of collateral and second types of theories. The second set of theories are based on the impact of microfinance on small businesses, households and individuals. The first category of theories consist Theory relating to Emergence of Microfinance, Concept of Joint Liability Group in Microfinance. Theories of impact pathway of microfinance consist Theory on Shortcomings of Development Finance Strategies, Market and Welfare Theories, Poverty Lending Approach, Financial System Approach and5 Financial Integrated Approach