Micro Finance = Micro Savings + Micro Credit. Micro Finance is only program which can give opportunity to get some capital to a new entrepreneur, especially to the poor and ultra poor. Micro Finance is mother of Finance. It is a proven program to reduce poverty for social development. At this program people makes savings giving very small amounts weekly/monthly and here a member can take loan in a very easy terms & conditions. In this program loan can be returned weekly/half monthly/monthly/quarterly installments which depends on the project for which the member takes the loan. Bangladesh is the model of Micro Finance Program, and it is the secret of the amazing success of the economics of Bangladesh. But it hasn't be highlighted here. There is political violence here, it is very corrupted country, yet it is developing very fast, what does it have? Garments? Foreign Remittance? Many countries have those things much better than us, but our country doing very well than them, because we have something very special and that is Micro Finance Program. It is the key of this success. Only this program can reduce very fast hungry & poverty of the world if we use it properly.
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