The Other Microfinance There is already a global movement we call "the other microfinance". This movement represents a paradigm shift in how to meet the financing needs of the poorest sectors. In this book you will find its history, principles, applications and possibilities
The other microfinance starts with the study of informal traditional financing mechanisms largely used by low-income communities, all over the world. The idea is to find among these practices, models that really suit poor people’s needs.
We have found through developing 'the other microfinance' that the poor actually have enough economic and social capital to develop their own financial system
In order to help poor people to gain true "economic citizenship" and access to quality financial services, we can transform and improve traditional informal financial practices to make them safer, efficient, profitable and use them as financial education tools"