This 84-year-old Turkish man manages a shoe repair shop that affords him a decent income.This 84-year-old Turkish man manages a shoe repair shop that affords him a decent income.

In Bangladesh, private brick enterprises are creating many new job opportunities for poor people. In Bangladesh, private brick enterprises are creating many new job opportunities for poor people.

This Indian man received a loan that allowed him to buy and trade camels at the Pushkar Fair in Rajasthan, India. This Indian man received a loan that allowed him to buy and trade camels at the Pushkar Fair in Rajasthan, India.

This Bangladeshi man's primary source of income is fishing.This Bangladeshi man's primary source of income is fishing.

This Bangladeshi woman unloads cargo ships, earning 1 coin for every load. Every day she has to earn between 120-140 coins to earn a living.This Bangladeshi woman unloads cargo ships, earning 1 coin for every load. Every day she has to earn between 120-140 coins to earn a living.

This man comes from a long line of Turkish potters. A microloan enabled him to sustain his family's business.This man comes from a long line of Turkish potters. A microloan enabled him to sustain his family's business.

This Vietnamese man is one of the only carpenters in his village. Because of that, demand for his services is high and he makes a steady living.This Vietnamese man is one of the only carpenters in his village. Because of that, demand for his services is high and he makes a steady living.

These men are preparing to sell oranges at the São Joaquim Market in Salvador, Brazil.These men are preparing to sell oranges at the São Joaquim Market in Salvador, Brazil.

This Cooperative in Paraguay is helping farmers improve their production of lemon verbena and lemongrass.This Cooperative in Paraguay is helping farmers improve their production of lemon verbena and lemongrass.

Bangladeshi boat man tries to make his way from water hyacinth on Buriganga River in Dhaka, Bangladesh,.Bangladeshi boat man tries to make his way from water hyacinth on Buriganga River in Dhaka, Bangladesh,.

A group of Vietnamese women cross the sand dunes to the beach to go fishing.A group of Vietnamese women cross the sand dunes to the beach to go fishing.

A vendor sorts duck eggs that have been fertilized or are developing duck embryos to be cooked. The eggs are then used in popular foods that are sold as street food. A vendor sorts duck eggs that have been fertilized or are developing duck embryos to be cooked. The eggs are then used in popular foods that are sold as street food.

In Vietnam, a woman transports potatoes to sell at a local market. This is the Grand Prize winner.In Vietnam, a woman transports potatoes to sell at a local market. This is the Grand Prize winner.

Women's involvement in cycle making and other industries is increasingly important in helping the Bangladeshi economy.Women's involvement in cycle making and other industries is increasingly important in helping the Bangladeshi economy.

This Vietnamese woman got financial assistance from her government and was able to establish a small craft workshop.This Vietnamese woman got financial assistance from her government and was able to establish a small craft workshop.

This Vietnamese man tends to his fishing nets in the morning and sells his catch at the local markets in the afternoon.This Vietnamese man tends to his fishing nets in the morning and sells his catch at the local markets in the afternoon.








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  • Consultative Group To Assist The Poor's photo contest features microfinance in action

  • The photos shows how poor households manage their financial lives

  • CGAP is an advocacy group that works to advance the lives of the poor




(Business Insider) -- The shoemaker in Turkey, the potato seller in Vietnam, and the weaver in Bolivia are among the billions of low-income entrepreneurs who make the world go round. They are also the type of people who can benefit significantly from microfinance.


Every year, the Consultative Group To Assist The Poor (or CGAP) hosts a photo contest asking entrants to submit photos based around the idea of microfinance. The purpose of the contest is to give amateur and professional photographers a chance to show the different ways that poor households manage their financial lives and make their lives better through financial inclusion.



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"Photos of society and social inequality can help eliminate poverty by creating social awareness," explained Mohammad Rakibul Hasan, the 2010 CGAP Photo contest winner and a judge on this year's panel.


Housed at the World Bank, CGAP is an advocacy group that works with development agencies, foundations, and national governments to advance the lives of the poor by improving their access to finance.


Business Insider: The winners of the National Geographic Traveler photo contest


Copyright © 2011 Business Insider.



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