Finance for the Poor.
Facts about poverty in New Zealand Fact 1: There is poverty in the midst of prosperity in Aotearoa New Zealand There is poverty amidst prosperity: There are aroundpeople in poverty in this country or one in seven households, including aroundchildren.
Some groups are more likely than others to be in poverty: Being in poverty means experiencing hunger and food insecurity, reduced life expectancy, poor health outcomes, debt, and unaffordable or bad housing Poverty in prosperity Three decades of massive economic change and restructuring since the mids have left many people worse off a generation later.
The proportion of the population with low incomes increased sharply in the mids before it began to drop over the latter half of that decade. Despite a continuing slow drop, in the proportion of the population with low incomes was still substantially higher than in Some groups are more likely to be in poverty than others The New Zealand Living Standards study showed that the following groups are disproportionately affected by poverty: Children are at special risk of poverty: What does poverty mean for people?
A further 1 in 5 households reported that food sometimes or often ran out because of a lack of money. Reduced life expectancy Poverty impacts directly on life expectancy — Life expectancy for men living in the poorest areas is an average 8.
Poor health outcomes Low income households have higher rates of obesity and cigarette smokingboth major factors in poor health outcomes. Unaffordable or bad housing A household is considered to be experiencing housing related stress when housing costs consume 30 percent or more of disposable income.
Debt A study of low-income families found that two-thirds of the families surveyed were in debt, and three quarters had been unable to pay at least 1 regular household bill in the past year. Half had been unable to do so on three or more occasions.
Meeting everyday household expenses is the most common reason given why South Auckland Pacific people ended up in debt to loan sharks.Feminization of poverty refers to the high and rising share of the world's poor who are women. UNIFEM describes it as "the burden of poverty borne by women, especially in developing countries".
This phenomenon is not only a consequence of lack of income, but is also the result of the deprivation of capabilities and gender biases present in both societies and governments.
Project Proposal on Poverty Reduction "Poverty reduction through pro-active, participatory, income- generating involvement of Rural youth in goat rearing".
warning against fraudulent use of the african development bank’s (afdb) name. International Journal of Academic Research in Economics and Management Sciences November , Vol. 2, No. 6 ISSN: The research involved study of the past literatures about the microfinance sector, related online papers & institutional journals.
The annual reports & sector reports published by regulatory bodies, MFI associations and major microfinance players facilitated the study, especially in understanding the various dimensions of microfinancing like – size, .
Economic Development Theory, Sub-Saharan Africa, and Intervention Strategies for the Most Impoverished by Jeramy Townsley Dec