The role of Microfinance in addressing poverty in Subsaharan Africa

Author: Sylvester Elisha Microfinance institutions are crucial in reducing poverty in Sub-Saharan Africa, providing financial services like small loans and insurance to those excluded from traditional banking. They focus on financial inclusion, poverty alleviation, and empowering the underprivileged (Armendariz and Morduch, 2010). These institutions have significantly enhanced access to financial services among the unbanked in […]