Tag: microbusinesses
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What Microloans Miss
New Yorker: What Microloans Miss Excellent article on both the benefits and limitations of microloans. … Microloans make poor borrowers better off. But, on their own, they often don’t do much to make poor countries richer. This isn’t because microloans don’t work; it’s because of how they work. The idealized view of microfinance is that…