What is microfinance?

Muhammad Yunus who opened the Grameen Bank in 1983, envisioned that his bank would extend banking facilities to disadvantaged rural men and women

, to eliminate the risk of borrowing from opportunistic money lenders, and to provide women with credit giving them the opportunity to have a greater contribution and influence in the community.

Microfinance is the provision of financial services to low-income individuals or groups who would otherwise have no access to these vital services.

We believe that Microfinance, in combination with financial education can provide individuals with a platform to achieve economic empowerment. Through our projects and events we challenge students to question whether microfinance always works, explore potential flaws that exist in the microfinance industry and market, and to consider how social change can be measured to ensure our projects are making a real impact.

The Microfinance Branch of SEED aims to raise awareness of the socio-economic benefits linked with Microfinance.

  • We educate students about the successes and limitations of Microfinance, and the importance of financial literacy.
  • We equip students with the necessary skills to participate in hands-on projects and contribute to the development sector.
  • We engage with students and the community through our international impact projects, domestic initiatives and events that share a common goal in creating positive social impact.

More on our blog

Check out our articles on microfinance
Microfinance
By admin / April 23, 2017

Microcredit: An Ending Saga Or An Ongoing Prospect?

“Poverty is complex and multifactorial in origin, and requires diverse strategies to achieve progress.” – Justin Winters

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Microfinance
By admin / April 9, 2017

Does Size Matter in the Finance World?

Following the introduction of the Bretton Woods system, a monetary management system which sees large amounts of funds transferred to...

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Microfinance
By admin / March 26, 2017

What is Microfinance?

Does the name Muhammad Yunus ring a bell? If not, it will by the end of your year as a...

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Fiji Impact Trip

The Fiji Impact Program aims to offer Fijian women educational and financial opportunities to start, develop and grow sustainable income.

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