Microfinance, or the technique of lending small amounts of money to the world’s poor for productive activities, has become a popular strategy for poverty-alleviation, achieving legislative status as a development strategy in the U.S. in 2000 with the Microenterprise for Self-Sufficiency Act. However, microfinance has increasingly failed to achieve the...
Microfinance, or the technique of lending small amounts of money to the world's poor for productive activities, has emerged as a dominant approach to poverty alleviation among international development organizations. However, consensus does not yet exist as to the best mechanism for delivery of loans. While most organizations simply offer...