People in developing nations face numerous barriers to achieving prosperity and stability. Lack of access to credit and savings further prohibits progress. Traditional banks are unlikely to issue loans to poor people as the risks of defaulting are too great. When lenders do finance the poor, often the financial institution imposes high interest rates to ensure they are not at a loss. Is there an alternative to going into debt to get out of poverty? Jeffrey Ashe, Director of Grassroots Financial Action, believes that community driven savings groups are a powerful conduit to the generation of financial stability and prosperity in developing nations. Ashe states, “While our institutional world is governed by laws, the informal economy is based on trust and time-tested traditions of mutual support decentralized into small groups, families, and communities.” Learn more about his work and insights here: https://lnkd.in/gTAB8t4J #SustainableDevelopmentGoals #LocallyLedDevelopment #ROSCAS #EconomicDevelopment
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Target 1.4: By 2030, ensure that all men and women, in particular the poor and the vulnerable, have equal rights to economic resources, as well as access to basic services, ownership and control over land and other forms of property, inheritance, natural resources, appropriate new technology and financial services, including microfinance SDG 1: No Poverty
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Educator, Writer, Creative, Entrepreneur, Volunteer, Gym Enthusiast, Poet, Music Educator, Guitarist.
Discover the path to financial pitfalls and learn the mistakes to avoid for a secure financial future. #Finance #MoneyManagement #FinancialAdvice #WealthBuilding #PersonalFinance Knowing what causes poverty = Knowing what prevents it. Read this: https://lnkd.in/dQM5k7bM
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Educator, Writer, Creative, Entrepreneur, Volunteer, Gym Enthusiast, Poet, Music Educator, Guitarist.
Discover the path to financial pitfalls and learn the mistakes to avoid for a secure financial future. #Finance #MoneyManagement #FinancialAdvice #WealthBuilding #PersonalFinance Knowing what causes poverty = Knowing what prevents it. Read this: https://lnkd.in/dQM5k7bM
How to Become Poor: A Proven Formula for Poverty!
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Educator, Writer, Creative, Entrepreneur, Volunteer, Gym Enthusiast, Poet, Music Educator, Guitarist.
Discover the path to financial pitfalls and learn the mistakes to avoid for a secure financial future. #Finance #MoneyManagement #FinancialAdvice #WealthBuilding #PersonalFinance Knowing what causes poverty = Knowing what prevents it. Read this: https://lnkd.in/dQM5k7bM
How to Become Poor: A Proven Formula for Poverty!
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Educator, Writer, Creative, Entrepreneur, Volunteer, Gym Enthusiast, Poet, Music Educator, Guitarist.
Discover the path to financial pitfalls and learn the mistakes to avoid for a secure financial future. #Finance #MoneyManagement #FinancialAdvice #WealthBuilding #PersonalFinance Knowing what causes poverty = Knowing what prevents it. Read this: https://lnkd.in/dQM5k7bM
How to Become Poor: A Proven Formula for Poverty!
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Educator, Writer, Creative, Entrepreneur, Volunteer, Gym Enthusiast, Poet, Music Educator, Guitarist.
Discover the path to financial pitfalls and learn the mistakes to avoid for a secure financial future. #Finance #MoneyManagement #FinancialAdvice #WealthBuilding #PersonalFinance Knowing what causes poverty = Knowing what prevents it. Read this: https://lnkd.in/dQM5k7bM
How to Become Poor: A Proven Formula for Poverty!
loudicles.com
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Educator, Writer, Creative, Entrepreneur, Volunteer, Gym Enthusiast, Poet, Music Educator, Guitarist.
Discover the path to financial pitfalls and learn the mistakes to avoid for a secure financial future. #Finance #MoneyManagement #FinancialAdvice #WealthBuilding #PersonalFinance Knowing what causes poverty = Knowing what prevents it. Read this: https://lnkd.in/dQM5k7bM
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Educator, Writer, Creative, Entrepreneur, Volunteer, Gym Enthusiast, Poet, Music Educator, Guitarist.
Discover the path to financial pitfalls and learn the mistakes to avoid for a secure financial future. #Finance #MoneyManagement #FinancialAdvice #WealthBuilding #PersonalFinance Knowing what causes poverty = Knowing what prevents it. Read this: https://lnkd.in/dQM5k7bM
How to Become Poor: A Proven Formula for Poverty!
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Educator, Writer, Creative, Entrepreneur, Volunteer, Gym Enthusiast, Poet, Music Educator, Guitarist.
Discover the path to financial pitfalls and learn the mistakes to avoid for a secure financial future. #Finance #MoneyManagement #FinancialAdvice #WealthBuilding #PersonalFinance Knowing what causes poverty = Knowing what prevents it. Read this: https://lnkd.in/dQM5k7bM
How to Become Poor: A Proven Formula for Poverty!
loudicles.com
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Educator, Writer, Creative, Entrepreneur, Volunteer, Gym Enthusiast, Poet, Music Educator, Guitarist.
Discover the path to financial pitfalls and learn the mistakes to avoid for a secure financial future. #Finance #MoneyManagement #FinancialAdvice #WealthBuilding #PersonalFinance Knowing what causes poverty = Knowing what prevents it. Read this: https://lnkd.in/dQM5k7bM
How to Become Poor: A Proven Formula for Poverty!
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