Culture , Economics , and Cross-National Variation in the Founding and Social Outreach of Microfinance Organizations

@inproceedings{Zhao2013CultureE,
  title={Culture , Economics , and Cross-National Variation in the Founding and Social Outreach of Microfinance Organizations},
  author={Yihong Eric Zhao},
  year={2013}
}
Microfinance is widely hailed as a sustainable approach to global poverty reduction, particularly among women who are over-represented among the world’s poor and often lack access to traditional labor markets and financial instruments. In this regard, evidence suggests that microfinance positively affects women’s empowerment, social capital, and economic conditions. However, there is considerable cross-national variance in the prevalence of microfinance organizations as well as in their… CONTINUE READING

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