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China Keitetsi answers the following question

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Question

How should the development of developing countries take place? Is micro- finance or macro- finance better? delgersaikhan jadamba


Answer

China Keitetsi: Looking at my background I don't know the difference of macro and micro, but I have an example. For example, in Rwanda where in villages and poor households, women are given some kind of little money, and then are made to come in groups and get this money and work together, or come up with an idea, for example, farming. They give them money, begin to farm which was very, very successful and that means even women go on making small associations where they put money every month. Then at the end of one month, one woman gets this money. This was a very big help and I liked it because women in Africa, for example, in poor countries are very, very concerned with the well being of their children. And I came to this point where I said the African women are carrying Africa. Without the African women there would be no Africa. And they were very much successful. Monies to send their children in school. But also a micro or macro finance to work, we have to be very, very interested that it works. We have to have our leaders or those who provide it to people to really do it with love, with care, not just to give and leave everything to the people who receive it.