PITFALLS: What goes wrong with projects for OVC Menahem Prywes Micro-credit Skills training Leakage of benefits Excessive benefits I. Micro-credit Many projects for OVC ignore more than 30 years of experience of the microfinance movement
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Leakage of benefits
Many projects for OVC ignore more than 30 years of experience of the microfinance movement
They can’t benefit because they lack:
In this case, extension of micro-credit and effort to repay will just push then further into debt and poverty!
Most projects for OVC and families that foster OVC keep interest rates low because the borrowers are poor.
Most projects for OVC support skills training without evidence that it leads to sustained employment.
Households often redistribute benefits of programs for OVC away from OVC.
Moreover, excessive benefits can harm OVC.