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Contribution of Microfinance to the Millennium Development Goals (MDGs) and the Implementation of the Programme of Action 2015 (Poverty Reduction): GTZ Experience
Investigating impact of microfinance on realization of Millennium Development Goals
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This paper describes microfinance’s contribution to achieving the Millennium Development Goals (MDGs), with a focus on GTZ’s role in this context.
The MDGs aim to eradicate extreme poverty and hunger, achieve universal primary education, promote gender equality and empower women, reduce child mortality, improve maternal health, combat HIV/AIDS, malaria and other diseases, ensure environmental sustainability and develop a global partnership for development.
Impact assessments were conducted in India, Nepal, Sri Lanka, Thailand, Côte d'Ivoire, Niger and El Salvador. They reveal that access to microfinance services has helped:
- Clients to increase small business activities, resulting in increased income and employment, improved living conditions and reduced poverty;
- Poor households to invest more in education and in the future of their children.
- Women to take up business activities, thus contributing to household income and improving their status in their families and in society;
- Poor people to get treatment before health problems become acute;
- Improve clients’ social involvement.
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