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Microcredit

12 March 2006, 18:00 PM
LETTERS TO THE EDITOR
By Roney, On e-mail
12 March 2006, 18:00 PM
Photo: Dr Noazish ahmed
In the report "Nothing but age changes for the ultra-poor", Inam Ahmed points out, "Figures are there that support that microcredit has missed the ultra poor by and large. At least 30 percent of total population falls under the extreme poor category and microcredit could touch only 12 to 15 percent of them, even after much debate, embarrassment, and concern among the NGOs that the wretched have been left out of the credit bandwagon."

While micro credit works for poverty alleviation, its interest rate should be lowered and the amount of money provided should be increased with flexible conditions for the betterment of the borrowers.

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