The microfinance delusion

Bateman, Milford
June 2012
Global Labour Column;2012, p35
Blog Entry
An essay on misconceptions and problems with microfinance, which has been thought to be the perfect solution for unemployment and poverty in developing countries and has been closely associated with economist Muhammad Yunus is presented. It says that the concept of Yunus on microfinance has been revealed to be wrong, as microfinance appeared to restrain sustainable poverty reduction in developing countries. It discusses the problems associated with the microfinance model such as displacement.


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