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Poverty And Microfinance In Eritrea – A Discourse

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  • Rena, Ravinder
  • Tesfy, Ghirmai

Abstract

The poverty levels in Eritrea are alarming. In the light of the escalating nature of poverty, there is an urgent need for a poverty alleviation initiative to reduce miseries of the majority of the poor. An attempt is made in this paper to analyse the incidence of poverty in the country with a particular focus on Agriculture. It also shed a light on the agriculture sector and its crucial role in providing 75 per cent jobs to its people. The paper also delves with the microfinance institutions particularly the Saving and Micro Credit Porgramme and its impact in reducing the poverty. It concludes that microfinance has strong capacity to drive economic growth and poverty reduction in Eritrea.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 11079.

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Date of creation: 2006
Date of revision: 2007
Publication status: Published in The Global Journal of Finance and Economics 2.4(2007): pp. 147-161
Handle: RePEc:pra:mprapa:11079

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Related research

Keywords: Poverty; Eritrea; agriculture extension; agriculture technology; Microfinance;

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  1. Ravinder Rena, 2005. "Challenges for Food Security in Eritrea: A Descriptive and Qualitative Analysis," African Development Review, African Development Bank, African Development Bank, vol. 17(2), pages 193-212.
  2. Rena, Ravinder, 2004. "Challenges for Food Security in Eritrea -- A Descriptive and Qualitative Analysis," MPRA Paper 10312, University Library of Munich, Germany, revised 21 Feb 2005.
  3. Rena, Ravinder, 2003. "Green revolution: Indian agricultural experience – a paradigm for Eritrea," MPRA Paper 10838, University Library of Munich, Germany, revised 24 May 2003.
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