The Impact of Microfinance on Poverty Alleviation in Rural Communities

Blessings Kerry · 2024 · International Journal of Developing Country Studies

Summary. Microfinance in rural communities generates positive economic impacts by funding income-generating activities, raising household incomes, and empowering marginalized groups, particularly women. Group lending models build trust and cooperation among borrowers. However, microfinance alone cannot address structural barriers like poor infrastructure, education, and healthcare. Sustainable poverty alleviation requires integrating microfinance with broader rural development strategies, stronger regulation, and multi-stakeholder collaboration.

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@article{kerry-2024-impact-microfinance-poverty-alleviation-rural,
  title   = {The Impact of Microfinance on Poverty Alleviation in Rural Communities},
  author  = {Blessings Kerry},
  journal = {International Journal of Developing Country Studies},
  year    = {2024},
  doi     = {10.47941/ijdcs.2166},
  url     = {https://doi.org/10.47941/ijdcs.2166}
}

TY  - JOUR
TI  - The Impact of Microfinance on Poverty Alleviation in Rural Communities
AU  - Blessings Kerry
JO  - International Journal of Developing Country Studies
PY  - 2024
DO  - 10.47941/ijdcs.2166
UR  - https://doi.org/10.47941/ijdcs.2166
ER  - 

Details

DOI

10.47941/ijdcs.2166

Countries

Kenya

Regions

Africa

Categories

funding, policy, general-innovation

Added

2026-04-29