Microcredit Gives Women a Chance

Microcredit may be a way to fight the inequality many women feel in Africa.

Microfinance:the provision of financial services to the poor in a sustainable way, and utilizes credit, savings, and other products to help families take advantage of non-risky income-generating activities

70% of the worlds poor are women but traditionally women have had the disadvantage in access to credit and other financial services

Microfinance often targets women
-could help rebuild the mindset of African women, so that they enter into marriages as equals and look after themselves
-women have been socialized to be unquestioning and subservient
-financial freedom, however little, is a great boon to women's psyche

Women for Change encourages communities to form associations and gives them resources to start income-generating activities

What will this new found independence change about African culture long term and what will happen to the poverty levels in Africa?
Source: http://ic.galegroup.com/ic/ovic/ViewpointsDetailsPage/ViewpointsDetailsWindow?failOverType=&query=&prodId=OVIC&windowstate=normal&contentModules=&mode=view&displayGroupName=Viewpoints&limiter=&currPage=&disableHighlighting=false&source=&sortBy=&displayGroups=&search_within_results=&action=e&catId=&activityType=&scanId=&documentId=GALE%7CEJ3010637224