The Role of Microfinance in Combating Poverty in Sudan within the Scope of Dimensions (Economic, Social and Ethical) An applied Study on Microfinance Donor Banks (Gezira State-Local and Greater Wad Medani)

Abstract

Microfinance policies in Sudan came to reduce poverty problems, so the study focused on clarifying the role of microfinance in combating poverty, through a study of several levels: the economic, social and moral level of the beneficiaries of the services of the microfinance industry. (95%), and the study concluded that there is a statistical relationship between microfinance and poverty reduction, by improving the economic, social and moral levels. Obstacles facing the microfinance industry and its marketing Adopting the Murabaha formula only and neglecting other financing formulas, in order to reduce risks, in addition to the lack of sufficient experience in the field, which makes the approved procedures an obstacle to financing small or micro projects. Therefore, the study recommends the issuance of a renewed map targeting the beneficiaries. From microfinance services, finding an appropriate formula to be adopted instead of working in the form of Murabaha, focus on marketing microfinance products and services, adopting a sufficient number of training courses for microfinance service workers, and a balance must be created between funding and social goals, in addition to devising new funding means.