Microenterprise and Microfinance Services
Supporting microenterprises, especially through appropriate policies, has been shown to be crucial not only for the growth of microenterprises themselves, but also more broadly for job creation and poverty alleviation. Whereas the track record for business development services in support of microenterprises has been mixed, the success of microfinance has been noteworthy (e.g., a Nobel Prize, and highly profitable microfinance institutions showing clearly that microfinance can be sustainable and is now attracting numerous private, for-profit investors). AECOM International Development thoroughly understands not only the policy changes required to expand microfinance (e.g., an appropriate regulatory environment), but also the most challenging aspects of implementation (e.g., expanding microfinance into rural areas and extending the principles of microfinance to small and medium enterprises). Noteworthy projects include:
