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How can credit destroy the vicious circle of poverty?

Updated: 8/21/2019
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Q: How can credit destroy the vicious circle of poverty?
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Can poverty cause poverty?

Purely in Economic context, yes, poverty can set off a vicious circle, culminating in even more poverty. It goes something like this : Poverty > Less Income > Less Consumption > Low Consumption Expenditure > Low Revenue for firms > Lesser Production > Lesser Income for Factor Inputs > Poverty Therefore, this vicious circle will keep on incrementing. This can be prevented by suitable injections of capital investment by governments to increase availability of credit in the economy.


How do you break a vicious circle of poverty?

whatever we say same we have to practically do. it is the duty only not for our government. even all citizens of country have to help to alleviate the poverty only then we can get out of poverty


How can credit help to stop poverty?

It can't. Getting into debt will not help poverty


Will back child support destroy your credit?

yes


What has the author Badruddin Umar written?

Badruddin Umar has written: 'Poverty trade of Dr. Yunus' -- subject(s): Grameen Bank, Microfinance, Corrupt practices, Poverty, Development credit corporations, Rural credit


What are the structure of micro credit and poverty in Nigeria?

the cause is lack of good leaders


After scanning a customers credit card the machine tells you to confiscate the card What should you do with the customer's credit card?

destroy it


Do you need to provide a credit report to work at Circle K?

yes, Credit report is very important


What is credit in informal group?

The majority of the people in the developing world lives under an absolute poverty level. These credit card may be used for the informal groups.


After scanning a customer's credit card the machine tells you to confiscate the card What should you do with the customer's credit card?

Keep the card , and or destroy it .


How bad is my credit due to unpaid credit cards?

You credit score will decrease significantly if you do not pay your minimum credit card payment every month. Unpaid cards will be reported as delinquent and really destroy your score.


What has the author Manfred Zeller written?

Manfred Zeller has written: 'Rural finance and poverty alleviation' -- subject(s): Agricultural credit, Finance, Government policy, Informal sector (Economics), Poverty, Rural credit, Rural development 'Effects of credit programs on agricultural production and crop income of smallholders in Malawi' -- subject(s): Agricultural credit, Agriculture, Economic aspects of Agriculture, Farm income, Small Farms 'The Triangle of Microfinance'