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Maintaining sustainable development in Africa through microfinance : editor's letter

Nicholas Biekpe

Abstract

Developed over the last twenty years, microfinance is one of the most effective tools we have to fight poverty in Africa. It's not charity, but investment, and to understand it we need to look at poverty in the world today. More than one out of five people in the world - about 1.4 billion people- struggle to live on less than $1 a day. In Africa, the figure in proportion to the world's figure is even higher.

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Key concepts: Microfinance, Poverty, Development economics, Investment (military), Economic growth, Economics, Sustainable development, Developing country