The Tools to End of Poverty: Micro-Credit

Abstract

Micro-credit programs lend small sums of money to help people help themselves. The programs were initiated by Dr. Muhammad Yunus in Bangladesh, since 1976. Thailand has also set up a micro-credit program called "National Village and Community-Fund (NVCF),” proposed by Dr. Thaksin Shinawatra, Prime Minister. Seemingly, NVCF's project has delegated credit authority on weakening hand of the village-fund committees with unrestricted loan conditionalities. If the micro-credit system has evolved gradually through a structures learning process involcing trials, errors, and continuous adjustments, the micro-credit program of NVCF will be the tools to end of poverty in Thai society.