Collective action, social capital and group lending

For low-income households with meager assets, financial services that could potentially augment their income are of extreme importance. Financial mechanisms that could facilitate asset buildup, protect against risks, and sustain livelihoods of poor people would go a long way in improving their livin...

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Bibliographic Details
Main Author: CGIAR Program on Collective Action and Property Rights
Format: Book Chapter
Language:Inglés
Published: International Food Policy Research Institute 2010
Subjects:
Online Access:https://hdl.handle.net/10568/153892
Description
Summary:For low-income households with meager assets, financial services that could potentially augment their income are of extreme importance. Financial mechanisms that could facilitate asset buildup, protect against risks, and sustain livelihoods of poor people would go a long way in improving their living conditions and social status. Microfinance is one such financial mechanism that caters to poorer and marginal households and communities.