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Science and Technology for Micro-finance Schemes
|From subsistence living to small-scale enterprises to eradicate poverty in Eastern and Southern Africa“In recent years, micro-finance has become a major component of the strategy for poverty alleviation. But, most often this only provides subsistence living for the clients with little opportunity of providing jobs for others in the community. The overall goal of this project is to transform small-scale income- earning activities from subsistence living to micro-enterprises that provide jobs for others. Through the additional employment created, the project will increase the impact of the micro-finance schemes and accelerate the rate of poverty reduction. It will enable the poor to become not only income-earners but also employers of the poorest among them.|
|The project aims to bring appropriate technologies into income-generating activities and help more appropriate technologies to be used by the credit agencies for providing services and information to their clients. In particular, the project will achieve the following:· Identify and compile information on best practices and policies for the growth and transformation of micro-finance projects. These practices and policies will include not only those for the injection of technology into the financed activities but also include those relating to the use of technology to provide services and information (e.g. the use of ICTs) to the clients of the schemes.
· Dissemination and sharing of information and experience on best practices among agencies involved in the administration of micro-finance schemes.
Encouraging several micro-finance schemes in six African countries (Kenya, Uganda, Tanzania, Ghana and Sierra Leone, Senegal) to adopt the policies and best practices identified above.
While the project will result in the publication of a book on best practices for technological capacity building in small-scale enterprises, perhaps the most important outcome expected to be derived from the advocacy role played for the adoption of policies that enable small-scale enterprise growth through the injection of technology. It is expected that there will be improvement in the operation, effectiveness, productivity and size of the activities funded by those micro-finance schemes that adopt the policies advocated in the book on best practices.”