Microfinance as a Catalyst of Promoting SMEs for Rebuilding Communities: A Roadmap for Achieving SDGs Suggesting Policy Implications

Abstract

Rebuilding communities in economically struggling places might mean taking steps to combat poverty and promote economic growth. This can entail boosting employment prospects, promoting small-town enterprises, and enhancing access to health care and education. The COVID-19 pandemic had a significant and all-encompassing influence on economy around the world. In order to craft a convincing case for the critical role that microfinance plays in promoting the expansion of small and medium-sized enterprises (SMEs) and, as a result, helping to rebuild communities and achieve the Sustainable Development Goals (SDGs), the author has used a thorough literature-based methodology in this chapter. This is an opinion-based chapter. In order to discover recurring themes and patterns connected to microfinance, SME development, and SDGs, the author has rigorously analyzed and integrated the data and insights offered in various sources. The presented thoughts and policy suggestions are built upon the findings of this literature research.

Citation

Arora, M. (2024), "Microfinance as a Catalyst of Promoting SMEs for Rebuilding Communities: A Roadmap for Achieving SDGs Suggesting Policy Implications", Sharma, A. and Arora, S. (Ed.) Strategic Tourism Planning for Communities (Building the Future of Tourism), Emerald Publishing Limited, Leeds, pp. 63-79. https://doi.org/10.1108/978-1-83549-015-020241006