Corpus ID: 53581333

Does Microfinance Reduce Poverty? A Study of Latin America

@inproceedings{Franco2011DoesMR,
  title={Does Microfinance Reduce Poverty? A Study of Latin America},
  author={N. Franco},
  year={2011}
}
Microfinance has been heralded as the solution to global poverty by optimists in the development field. Many regard the practice of extending unprecedented financial access to the poor through small loans as a necessary and important tool in the development process. The industry has grown and changed shape over the last two decades and recently has come under fire. The new face of microfinance has included for-profit lenders, usurious interest rates, loan sharks, and suicides. Many critics are… Expand
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References

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