Social ImpactMicrofinance is recognized to generate income, increase employment, and alleviate poverty in developing countries, resulting in benefits to individuals, communities, and regions. However, demonstrating the definitive impact of microfinance is a challenging exercise because of the difficulty involved in quantifying its affect on the the lives and economic prospects of the working poor.Gray Ghost believes that access to financial services — broadly defined to include not just credit, but savings, insurance, remittances, and other services — offered at reasonable prices and responsive to the particular needs of clients, is as essential for the poor as it is for the middle class and the wealthy. People of greater means have clearly demonstrated the value they attach to financial services, just as they demonstrate their desire for good healthcare, education for their children, comfortable housing, and safe food and water. In recent years, a number of studies have been conducted to evaluate the social impact of microfinance, and work is underway to forge common definitions and measures. We invite you to learn more about some of these impact studies by clicking on the links below:
UNCDF
Consultative Group for Assistance to the Poor
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