International Year of Microcredit 2005
     
   
     
   
     
   
 
 
 
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Women and microfinance

Poor women in particular benefit from microfinance services. Women's status, both in their homes and in their communities, is elevated when they are responsible for managing loans and savings. The ability to generate and control their own income can further empower poor women. Research shows that credit extended to women has a significant impact on their families' quality of life, especially their children.

Poor women also tend to have the best credit ratings. In Bangladesh, for example, women have shown to default on loans far less often than men.

International Fund for Agricultural Development