The Challenge for Global Women Poverty: Microfinance (or Microcredit) as a Solution for Women Poverty in Turkey

Poverty is increasing around the world while the world appears to globalize. Even the wealthiest nation has the largest gap between rich and poor compared to other developed nations. In many cases, international politics and various interests have led to a diversion of available resources from domestic needs to western markets. The fight against poverty is interest in as a social goal and many governments have some dedicated institutions or departments. In general, the government can directly help those in need. However, another method in helping to fight poverty is to use microfinance system. Microfinance tries to fight global poverty and bring opportunities to the world's poorest people. Of course, microfinance approach does not offer sufficient solutions reduce to poverty. Otherwise, with tiny loans and financial services, it helps the poor, mostly women, start businesses and escape poverty. Micro-finance programs targeting women have become a major plank of donor poverty alleviation strategies in the 1990s and funding is set to further increase into the next century under governments, Non-Governmental Organizations (NGO’s), some initiatives and donor agencies activities. This study focuses on some solutions for global poverty problem such as mikrofinance approach. In addition, it examines Turkish conditions the aspect of microfinance practices.