Microcredit - reflection
Reflection about accessing credit and microcredit
Having watched the videos and read the article answer the following questions.
- Describe how the principle of microcredit works.
- Explain why traditional commercial banks are reluctant to extend credit to those who benefit from microcredit schemes.
- Outline how micro credit schemes contribute to poverty reduction and economic development within Tanzania.
- Explain the potential hazards associated with microcredit schemes.
- To what extent would you consider mobile phones to be appropriate technology in Tanzania? Does your analysis change the way you think about appropriate technology?