Microsoft Word Microfinance development in Uzbekistan Eng doc

 
Panel 2. Success stories of microfinance programmes 
In the context of poverty. Enterprises involved in credit projects accounted for 1/8 of economic growth 
in Indonesia in late 1980s. In 1990s micro enterprises were the most dynamically developing sector of the 
national economy in Bolivia. In Bangladesh programmes of Grameen Bank for microcrediting were 
acknowledged as having macroeconomic significance (48% of poorest families who got access to microcredit 
succeeded in rising above the poverty line). Overall 5 percent of Grameen Bank’s clients broke out of poverty 
annually by participating in microfinance programs. Families also have the opportunity to sustain the results 
achieved. In India 3 out of 4 clients who were involved in an MFO programme for a substantial period 
succeeded in significantly improving their welfare. Half of the clients broke out of poverty. 
In the context of improving education. Among children aged 11-14 the indicator of basic reading, 
writing, and math skills has doubled from 12 percent to 24 percent in the families which received small loans 
from the Committee for Rural Development (BRAC). In Honduras clients who received small loans from the 
Save the Children Association increased their incomes, which enabled them to send their children to school. 
In the context of healthcare. Within the framework of its microfinance programme in Uganda, 95 
percent of the Fund for Credit and Public Support’s clients succeeded in improving the healthcare and nutrition 
of their children. Likewise, 32% of clients used at least one method of AIDS prevention (in comparison with 18 
percent among non-clients). Fewer number of BRAC clients in Bangladesh suffer from malnutrition in 
comparison with the rest of population and indicators of malnutrition are also reduced by programme 
membership. 
In the context of gender equality. Within the framework of Women’s Empowerment programme in 
Nepal, it was established that 68 percent of its participants make decisions regarding the management of their 
property, family planning, the education of their daughters, and the marriage of their children. In Bolivia and 
Ghana women’s participation in microfinance programmes has led to the enhancement of their status within the 
community. Participants from Ghana take an active role in conducting community ceremonies whereas