MICRO-CREDIT BANKING AS A POVERTY ALLEVIATION TOOL

Abstract

The total world population is 7.093 billion of them 1.29 billion do live with absolute poverty (PPP below $1.25). Around 4 million of people die cause of starving and malnutrition and 25 million without treatment/year. 100 million is homeless and further 100 million is hidden homeless. Around 200 million is unemployed. Of them 75 million that is 13% of the total figure is between the ages of 15 and 24 [IMF-2012]. If dramatic changes are not happened in the world job markets and young jobless is remain stable, its impact would be very devastative for the forthcoming world.