Microfinance: Breaking Dependency Chains

EthioBlog published this story about a microfinance program aimed at helping people climb out of the safety net:

“…The United States Agency for International Development (USAID), CARE, and a host of consortium partners (including Catholic Relief Services), launched PSNP PLUS, a new nationwide development project that will assist poor, rural households in food insecure areas that benefit from the Government of Ethiopia’s Productive Safety Net Program (PSNP).”

“While food aid distribution and community level public works projects make people more resilient to food shortages, they are not enough to permanently graduate people from the safety net program. The PSNP PLUS project is designed, therefore, to assist poor households by linking them to microfinance services and functioning markets, a necessary step to lift people out of dependence on the PSNP.”

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