POVERTY AND MICROFINANCE IN ERITREA – A DISCOURSE

Ravinder Rena and Ghirmai Tesfy

MPRA Paper from University Library of Munich, Germany

Abstract: The poverty levels in Eritrea are alarming. In the light of the escalating nature of poverty, there is an urgent need for a poverty alleviation initiative to reduce miseries of the majority of the poor. An attempt is made in this paper to analyse the incidence of poverty in the country with a particular focus on Agriculture. It also shed a light on the agriculture sector and its crucial role in providing 75 per cent jobs to its people. The paper also delves with the microfinance institutions particularly the Saving and Micro Credit Porgramme and its impact in reducing the poverty. It concludes that microfinance has strong capacity to drive economic growth and poverty reduction in Eritrea.

Keywords: Poverty; Eritrea; agriculture extension; agriculture technology; Microfinance (search for similar items in EconPapers)
JEL-codes: I32 N87 Q12 Q18 (search for similar items in EconPapers)
Date: 2006, Revised 2007
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Citations: View citations in EconPapers (4)

Published in The Global Journal of Finance and Economics 2.4(2007): pp. 147-161

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:11079

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