Comments on: Is microfinance really helping the poor? http://www.defeatpoverty.com/2007/08/is-microfinance-really-helping-poor.html A conversation on global economic issues, ideas & data to help us all become better contributors to defeating the scourge of extreme global poverty Thu, 02 Feb 2012 03:26:56 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Marti http://www.defeatpoverty.com/2007/08/is-microfinance-really-helping-poor.html/comment-page-1#comment-98 Marti Mon, 27 Aug 2007 22:25:00 +0000 http://www.defeatpoverty.com/2007/08/is-microfinance-really-helping-the-poor.html#comment-98 Micro Finance organizations have a major problem with showing long term outcomes because in part the clients tend to get what they need and move on. The organizations do not focus on sustainability in terms of turning their borrowers into customers of other services for the long run. <br/>You will find that financially secure organizations offer products that keep their clients long after the loan is paid back. Services such as co-op stores, websites, marketing services, tax help, etc need to be offered and growth needs to be encouraged. Many new entrepreneurs are rightfully afraid of using the little they earn for expansion. Micro enterprise organizations need to look for opportunities to continue to serve their clients and think of other services such as child care or health services that will be used long term. This can also be done by working to balance services in co-op groups to allow these entrepreneurs to help each other in the long run. Offer fee based but affordable services <br/><br/>Meredith Gossland<br/>www.meshinc.org Micro Finance organizations have a major problem with showing long term outcomes because in part the clients tend to get what they need and move on. The organizations do not focus on sustainability in terms of turning their borrowers into customers of other services for the long run.
You will find that financially secure organizations offer products that keep their clients long after the loan is paid back. Services such as co-op stores, websites, marketing services, tax help, etc need to be offered and growth needs to be encouraged. Many new entrepreneurs are rightfully afraid of using the little they earn for expansion. Micro enterprise organizations need to look for opportunities to continue to serve their clients and think of other services such as child care or health services that will be used long term. This can also be done by working to balance services in co-op groups to allow these entrepreneurs to help each other in the long run. Offer fee based but affordable services

Meredith Gossland
http://www.meshinc.org

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