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Financing For Development

A MicroEnsure agent talks to microfinance clients about microinsurance at a group meeting in Nairobi, Kenya.??Alamy/David Dorey

Financing For Development

Microfinance: Good for the poor?

To lift the poor from poverty, create jobs, not loans, critics say

By John Njiraini

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About Africa Renewal

Africa Renewal is a United Nations digital magazine that covers Africa’s economic, social and political developments. We cover the challenges the continent faces and the solutions to these by?Africans themselves, including with the support of the United Nations and international community.

Through the Africa Renewal digital magazine and social media platforms, webinars with youth groups, media relations, and other outreach and partnership efforts, we present a new narrative about Africa that?showcases positive action and hope, while countering mostly negative stereotypical portrayals of Africa.

We promote Africa’s achievement of the Sustainable Development Goals, the Paris climate change agreement and Africa’s Agenda 2063. The topics we cover include sustainable development, climate action, agriculture, youth voices, women’s empowerment, health, the African Continental Free Trade Area and other regional integration efforts, technology and innovation, peace and security, economic development and more.

We produce our own content, commission content from freelancers based in different African countries, and curate content from the UN system and the African Union, working closely with Office of the Special Adviser on Africa (OSAA), the (ECA), and the (AUDA-NEPAD).

Media are invited to republish Africa Renewal articles free of charge, and to give us credit, using the following language: This story was originally published by Africa Renewal.

Follow us on and Twitter @AfricaRenewal

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