Poverty Alleviation and Micro-credit Institutions Essay

Poverty Alleviation and Micro-credit Institutions - Essay Example rse credit and loans to people and institutions who have repayment capability and at the same time, ensure that loans are against securities that can be used to compensate them in case of default in repayment. These criteria become irrelevant for informal sector where people are living below poverty line and have neither job security nor any other kind of financial backing. To improve the living conditions and raise their living standard, non formal mechanisms of micro-credit become essential in the rural areas. The micro credit is designed to promote empowerment through income generating activities. The institutions facilitate easy credit to poor and ensure repayment through innovative schemes and incentives. The problems due to asymmetry in information, screening and enforcement are often overcome through integrated approach and providing inter-linkages to the credit and the commodities. The institutions also promote formation of self help groups and compulsory contribution to the emergency fund that can be utilized by the members in times of emergencies. The micro-financing is one of the key factors of poverty alleviation programs as it helps to provide the poor with the necessary credit to start income generating activity and thereby raise the living standard of the people in the developing countries. The innovative mechanisms and integrated approach help facilitate minimum standard of living and access to medical facilities, food and housing for every human being, irrespective of race, religion, political belief and socio-economic conditions. To encourage more funding through other international aid agencies and private donors, World Bank must facilitate requisite information and updated database of beneficiaries and poverty alleviation programs of under-developed and developing economies. The bank should encourage more proactive participation from the non government agencies and corporate houses to contribute to the socio-economic development and

Discussion Assignment Example | Topics and Well Written Essays - 250 words - 11

Discussion - Assignment Example Potency in the psychoactive effects of spice and other cannabinoids has contributed to popularity and mass consumption of the drugs since people find them to be appealing (Iversen 12). It is true that spice is as potent as THC since they act on the body in a similar manner to cannabinoids like THC found in cannabis. They have similar effects and people use them to avoid the laws that describe cannabis as illegal. The potency of spice is not consistent and may increase leading to longer duration of action and adverse effects. The potency of the drug depends entirely on the active ingredients, the plant material that clinicians use to manufacture the drugs, and varying products mixtures (Iversen 24). The relationship between potency and side effects is that the high the potency of spice, the severe and life threatening symptoms that a person experiences. It has adverse effects on health especially when a person takes high quantities of the commodity. Examples of these effects include death and