Thursday March 11 2010

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The Micro-No-More Perspective

Micro No More Perspective - micronomore.comMicrofinance is not the catch-all cure for poverty and economic stagnation. It should have a perspective of the micro- going beyond its boundaries/limitations, growing with the times, adapting to the changes in the macro-economic environment, providing or laying down the groundwork for far-reaching solutions to present economic dire straits. Without a perspective of growth, microfinance will forever be in our midst as poverty will last forever (Perez 2008).

The Micro No More! As the micro-entrepreneur graduates to next level entrepreneurship, towards small-scale or even medium-scale businesses. These small and medium-sized enterprises in one community harness the raw materials and process them into consumer goods. Machineries and equipments necessary for processing are powered by renewable sources of energy and maintained by local organizations and able individuals . In effect, generation of employment and circulation of funds are guaranteed.

The Micro No More perspective envisions a hopefully better alternative of building economically-self-sustaining communities rather than the purist implementation of microcredit that has a tendency of achieving only a single bottom line of organizational self-sufficiency. More…

Posted on April 16, 2009
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