micro finance:

Why have so many micro business as strategy failed to secure millions of people out of pverty? people have started the micro business in developing but no further developing. Although the poor people have been able to access finaancial services from private and govenmental Banks.
Having analysed how micro finance bank operate, one can conclude that micro finance has been taken as the leading tool or strategy by most developing nations in poverty eradication.
Depending on the iliteracy levels in developing nations, it would be of no use to invest millions of dollars in poverty eradication when other problems are not dressed up. people borrow money for other activities such as wedding, burrials, school fees which do not help in wealth accumulation. the govenments still have to educate the poor on which activities to tackle the poverty problem.

Money lenders has become another problem in developing countries.... being anew investment opportunities. most money lenders are not regulated by the financial authorities. most of the poor people has lost their properties to the money lenders due to defaulting.

welcome....

Dear customer,wellwishers,

I woul like to welcome you on this new platform where we shall be exchanging views, updates and all matters concerning GAASI Financial Services activities.

Watch this space!!

Kind regards

Bulondwa G - Chairman