NGOs in micro financing partners in rural development
- 2002
- p.26-30
- Feb
NGOs are building social capital in the form of groups that can generate a sound base for their members to develop their credibility as borrowers and encourage financial institutions to develop confidence in establishing a lending relationship with the groups. Thus NGOs transform the beneficiaries' into `borrowers' leading to establishment of systems and structures in which a sustainable process of linking the poor borrowers to sources of capital and other financial services with formal financial institutions is achieved. - Reproduced.