Microfinance: Success and Failure

Running Head: MICROFINANCE
MICROFINANCE
Name of the student
Name of the University
Author Note

1MICROFINANCE
Microfinance refers to the initiative to provide financial services to those who do not
have access to loans, savings accounts, fund transfers as well as insurance. This is the
condition of most of the poor people e in poor countries. There were several attempts by the
government of the poor people to provide financial stability to the citizens with the help of
microfinance. The purpose of this study is to provide description of the content represented
through this power point presentation taking into account case studies showing the success
and failure of microfinance. (Block 2012).
The second slide gives a brief definition of microfinance. According to the first slide,
microfinance refers to the initiative to provide financial services like loans savings insurance
and also fund transfers to the entrepreneurs, small and medium sized businesses, poor people
who are unable to access traditional banking services.
The third slide gives the glimpses of the content.
The fourth slide of the presentation provides an overview of the Grameen Bank with
reference to the case study of Bangladesh. It talks about the birth of the Grameen Banks in
Bangladesh, in the year 1983. This slide also focuses on the aims of Grameen banks. This
slide also reveals amazing facts about Gameen banks like-the bank was owned by the
borrowers themselves most of whom are women, the ownership of the borrowers was about
94% as the rest of the 6% was owned by the government and so on (Miled and Rejeb 2015).
After that this slide focuses on the years of the growth of Grameen banks starting from the
increase in the number of its members, employees and branches, amounts of loans distributed
and repaid (Grameen.com, 2019).
The fifth slide throws light on the Impact on rural development and participation of
women in it. It highlights other positive effects of the establishment of Grameen Bank like-
employment and development of a sense of dignity as well as responsibility among the poor