These loans disbursed among 21 million poor people, helping them to be self-employed and accelerating overall economic process of the country. The total saving has also percent or 24 million are women. This sector has created direct Job opportunities for over 1 11,800 people; with 80 percent of them are male and 20 percent are female. The catchments area served by these Miff reached through 18,066 branches. The above facts simply indicate that the roles of micro finance institutions to the national economic growth in terms of investment in micro enterprises, savings and employment opportunity.
As indicated in this paper, there are critics that condemn micro financing is not alleviate poverty since most of Miff dwell on those beneficiaries above poverty line by neglecting those deprived and lacking the necessities of life. However, when properly harnessed and supported, micro finance can scale up beyond micro-level as sustainable part of the process of economic empowerment by which the poor can lift themselves from poverty.
In actual fact, poverty is a multi-dimensional problem, enclosed in a complex and interconnected political, economic, cultural, and ecological system owing to poverty’s large scope and multiplicity of actors, there no single solution approach to its eradication Consequently, poverty eradication is a complex mission and requires commitment, cooperation and cohesion at all levels of development that is to say, individual, household, community, national and global.
While micro finance alone does not improve roads, housing, water supply, education and health services, it can play an important role in making these and other sustainable contribution’s it empowers people especially women, providing them with confidence, increase their decision making experience and the financial means to play a large role in their development from micro-level to scale up to macro level. Chowder, 2009) Thus, the importance of micromanage evidenced by various studies, however, its implementation and management should be properly handled and guided to fulfill its objective as poverty reduction tool. As it has already been said, micromanage is not the only solution for poverty eradication other numerous complementary packages should be accompanied. 11
