THE ROLE OF MICROFINANCE ON POVERTY REDUCTION
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Abstract
Microfinance is a small financial institution which focuses on microcredit and lending scheme for the poor and low income household. It pays much attention on social capital. Thailand adopts microfinance scheme as a tool to reduce poverty, started by saving group and developed to be village fund and village bank respectively. Microfinance has been accepted to reduce poverty positively. It can be said that it helps create job and distribute income for members. However, it still has an important problem about self-management. Public sector should provide them a body of knowledge on managerial skill to help them finding their way to create a real sustainable financial institution for community.
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