Poverty and Microfinance in Eritrea - A Discourse

The Global Journal of Finance and Economics, Vol. 4, No. 2, pp. 147-161, September 2007

18 Pages Posted: 29 Oct 2008 Last revised: 7 May 2015

See all articles by Ravinder Rena

Ravinder Rena

Papua New Guinea University of Technology; Polytechnic of Namibia; University of the Western Cape; North-West University; Papua New Guinea University of Technology

Dr. Ghirmai T. Kefela

DTAG Inc.

Date Written: September 18, 2007

Abstract

The poverty levels in Eritrea are alarming. In the light of the escalating nature of poverty, there is an urgent need for a poverty alleviation initiative to reduce miseries of the majority of the poor. An attempt is made in this paper to analyse the incidence of poverty in the country with a particular focus on Agriculture. It also shed a light on the agriculture sector and its crucial role in providing 75 per cent jobs to its people. The paper also delves with the microfinance institutions particularly the Saving and Micro Credit Porgramme and its impact in reducing the poverty. It concludes that microfinance has strong capacity to drive economic growth and poverty reduction in Eritrea.

Keywords: Poverty, Eritrea, agriculture extension, agriculture technology, Microfinance

JEL Classification: G21, O16, Q12, Q18

Suggested Citation

Rena, Ravinder and Kefela, Ghirmai T., Poverty and Microfinance in Eritrea - A Discourse (September 18, 2007). The Global Journal of Finance and Economics, Vol. 4, No. 2, pp. 147-161, September 2007. Available at SSRN: https://ssrn.com/abstract=1291508 or http://dx.doi.org/10.2139/ssrn.1291508

Ravinder Rena (Contact Author)

Papua New Guinea University of Technology ( email )

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Papua New Guinea

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Polytechnic of Namibia ( email )

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Namibia

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University of the Western Cape ( email )

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North-West University ( email )

Hoffman Street
Potchefstroom, 2520
South Africa

HOME PAGE: http://www.nwu.ac.za

Papua New Guinea University of Technology ( email )

Private Mail Bag 411
Lae, Morobe 411
Papua New Guinea

HOME PAGE: http://www.unitech.ac.pg

Ghirmai T. Kefela

DTAG Inc. ( email )

2300 Airport Blvd
San Jose, CA 95112
United States

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