The socio-economic alleviation of the nation's poor -most concentrated in the west where 35-45 per cent of the population is poverty-stricken- is a priority when 59 per cent of the population lives on less than $2.00 (PPP) a day. This doesn't mean the remaining 41 per cent is better off. According to the World Bank's 2010 report, 96.3 per cent of the population lives below $5 (PPP) a day. Hence, those sections of society that desperately need to be included into the economy must be assisted. This is where 'micro credits' came in, which eventually evolved into micro financing.(* Optional) (Requesting Dewang Sir to provide inputs this content as we are section 8 but we can help bridge proposals under our organisation).
