Microfinance as a Tool for Peacebuilding, International Symposium

The main objective of this event is to explore how microfinance can serve as a tool to promote peace and stability for victims of conflict and poverty alike. Innovative and sound public policies are needed to support the successful operation and expansion of Microfinance Institutions (MFIs) in conflict-ridden societies like Colombia and other developing nations. For more information visit http://microfinance.alvaralice.org/

There is a pressing need for income generation activities in conflict and post-conflict societies. As these communities strive to overcome conflict, microfinance programs can contribute to the economic and social stability needed to deter the resurgence of violence. Massive demobilization of ex-combatants and reparation programs for victims are actual opportunities for MFIs to provide these individuals with access to credit, savings and other banking services.

Experience with microcredit in these settings has been limited and further complicated by a host of factors affecting both victims and ex-combatants. Some of these factors include lack of training and proper oversight as well as government reparations programs that only provide short terms solutions. Nonetheless that should not impede the development of innovative approaches that can be both functional and easily replicated.