Micro Finance
Our MP, Annette Brooke, has been in Bangladesh this week, with the Micro Finance group.
Micro Finance lends quite small amounts of money, mainly to women, to start up small businesses. The success rate is very high, most of the loans are paid back very quickly, and in full, and the women succeed with their business and manage to feed and educate their children. Many expand fast and quickly employ other women in the village.
In the less developed countries a small investment can go a very long way, the multiplier effect is something like 4 or 5 times greater than in Britain.
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