What microloans miss
March 12th, 2008 | by jeff | | Post to NewsCloud »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 budding entrepreneurs use the loans to start and grow businesses — expanding operations, boosting inventory, and so on. The reality is more complicated.
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