Poverty and Microfinance in Eritrea - A Discourse
The Global Journal of Finance and Economics, Vol. 4, No. 2, pp. 147-161, September 2007
18 Pages Posted: 29 Oct 2008 Last revised: 7 May 2015
Date Written: September 18, 2007
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
JEL Classification: G21, O16, Q12, Q18
Suggested Citation: Suggested Citation