Chapter 45: Women as Leaders in International Microfinance

Deborah Burand

Women as leaders in international microfinance The face of poverty in the world today is female and young. According to the United Nations, women account for around 70% of the world's poor—those approximately 3 billion people in the world who live on less than the equivalent of US$2 a day. Unfortunately, due to the current financial and economic crisis, that number is increasing. The World Bank estimates that another 53 million people are likely to be trapped in extreme poverty as a result of this crisis. Women are among those who are most at risk. As recently noted by the UN Under-Secretary-General for Economic and Social Affairs Sha Zukang, the current crisis is expected to touch adversely and disproportionately the lives of poor women. The financial crisis is expected to have serious, widespread impacts on the real economy and particularly on the lives of people already in poverty. Historically, economic ...

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