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Grameen Method Of Microfinance As A Poverty-Alleviation Tool: Short And Long-Term Effects On Women’S Empowerment In Egypt, Zeina M. Shalaby

The Undergraduate Research Journal

Many people suffer from poverty globally, and economic tools used to combat it have varied from one country to another with some enacting noticeable change. The topic of micro-credit attracted attention after the Grameen Bank’s microfinance method was recognized for decreasing poverty in rural Bangladesh by granting loans to women almost exclusively. This paper explores the application of the Grameen method of microfinance in Egypt by reviewing the specific conditions surrounding women’s poverty in Egypt and the economic and social outcomes of past Grameen microfinance efforts in Egypt. While the Grameen method of microfinance successfully improved well-being indicators and economic …