A-three-day National Microfinance Summit organized and funded by the Central Bank of The Gambia in collaboration with the International Fund for Agricultural Development (IFAD), the Social Development Fund and other microfinance institutions, on the theme: “Building a Sustainable Microfinance Subsector for Poverty Alleviation”, on Wednesday 30thOctober 2013 got under wayat the Kairaba Beach Hotel.
In her keynote address, Aja Dr. Ajaratou Isatou Njie-Saidy, Vice President and Minister of Women’s Affairs, said there was no iota of doubt in her mind that the use of microfinance as a development tool has been at the forefront of many country strategies, and The Gambia is no exception.
She stated that there is mounting evidence that the availability of financial services to the poor and low income population, which is critical to poverty alleviation, can impact positively on the welfare of the people.
‘‘It goes without saying that the impact of microfinance goes beyond just business investments, agricultural loans or the provision of saving services,’’ she added.
She noted that the Micro-credit Summit Campaign set global outreach targets for providing access to credit for 100 million poor households by 2005...