© 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.
Lendwithcare.org 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, Lendwithcare.org and what you can do to get involved.