Tag: economic poverty

Yes, Microfinance has Positive Effects on the Poor.

Jul 2, 2009

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by

mwkruse

in Economic Development, Economics, Microenterprise, Poverty

Next Billion: Yes, Microfinance has Positive Effects on the Poor. Microfinance in its simplest form involves extending loans to a group of borrowers (usually called self help groups) who agree to help each other by means of group savings and informal support. The typical self help group consists of 10 to 20 people who meet…