Monday, 30 January 2012

Sustainable Development: Interview with Lendwithcare's Microfinance Advisor, Dr Ajaz Khan

© CARE/Jon Spaull
It is one of the great paradoxes of the developing world. Those individuals in most need of banking services and credit are the most likely to lack sufficient collateral to support it.  In the past decade, there has been increasing focus on microfinance as a tool to alleviate poverty and sustain business models. Microfinance is not charity.  There is an increasing perception that charity perpetuates poverty whereas it is believed that microfinance can enable an individual to build on their skills and provide a sustainable method of improvement. recently launched in the United Kingdom.  It is an initiative from Care International UK in association with The Co-operative.  We speak to Dr. Ajaz Khan, CARE’s Microfinance Advisor, about microfinance, and what you can do to get involved.

Wednesday, 18 January 2012

2012: New Year, New Plans

© CARE/Emilie Bailey
Will 2012 be able to trump the success of 2011?

Christmas really was the season of goodwill at CARE  International UK. For, December was our best month yet. With more than 1300 gift vouchers purchased in December alone, it is clear that our lenders wanted to pass on the pleasure of lending and the message of lendwithcare to friends and family this Christmas.

Monday, 16 January 2012

Microinsurance: A safety net for the poor?

© CARE/ Josh Estey

It is becoming widely acknowledged that the provision of financial services to the poor is critical in the fight to alleviate poverty. One such financial service, which has been implemented relatively widely and successfully throughout much of the developing world, is microcredit. However, access to credit alone is not enough to guarantee financial security or stability. After all, microfinance is not just the provision of small loans but the provision of a whole host of financial services and includes microsavings, money transfer and microinsurance as well.