Can micro-credit solve world poverty?

Jump to Last Post 1-4 of 4 discussions (4 posts)
  1. AdsenseStrategies profile image72
    AdsenseStrategiesposted 9 years ago

    Can micro-credit solve world poverty?

  2. dabeaner profile image61
    dabeanerposted 9 years ago

    Micro-credit is one of the latest "feel-good" projects to "solve" the problem of world poverty.  The idea is that some do-good "first-worlder" organization lends a few bucks to each of a bunch of third-worlders in some pest-hole villages so they can buy some basket-weaving material and make baskets which they can sell to each other -- and maybe -- whoopdedoo -- even export!

    Baskets is just an example.

    The problem is their CULTURE.  Their cultures discourage innovation and capital building.  Their cultures encourage overpopulation outstripping EASILY available resources of arable land, clean water, and energy.

    Can micro-credit solve world poverty?  Dare I say no?

  3. AdsenseStrategies profile image72
    AdsenseStrategiesposted 9 years ago

    Hi debeaner.

    A problem is a lack of entrepreneurial culture, and I see this in many places in the West also, so it's not just "them."

    Another problem is lack of money for infrastructure. An American entrepreneur does not worry that his child could die of measles, pneumonia, or simply from the water he drank this morning. An American entrepreneur does not have to pay for his child's education (elementary or high school). An American does not have to walk three hours every day to fetch worm-infested water. An American does not have to see the things he "eliminates" from his body ever again, because there is a sewer system.

    If we want poor people to have a new, entrepreneurial culture, we should train them to have one. But if these people cannot read or write, have no access to phones or electricity or CREDIT, are not even legally registered, and cannot afford 12 cent malaria shots to protect their kids, then "culture" is an issue secondary to BASIC FINANCIAL NEED.

  4. multifunctions profile image60
    multifunctionsposted 8 years ago

    the concept is successful through SHGs. in India.
    the poor individual first form a self help group and start working within the group . the peer pressure maintains the repayment in time.
    after this group attains a track record of work and generates working habit with a bank , the credit is availed.
    i think the micro credit can resolve the poverty to a large extent.
    every culture changes by the needs . the need of the poor and the results will make this successful.
    but there is another issue the working environment . the government has to make the working environment more positive., small investment dies easily. the collective effort of political , social , economical change perpetrators have to generate positive environment for these small entrepreneurs besides simply  pumping in the money.


This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

Show Details
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)