Microcredit in International Development

Abstract

The institution of microcredit represents a new and effective form of developmental assistance. Microcredit succeeds by putting money directly in the hands of the poor, adapting to their unique cultures, and stimulatingpersonal empowerment. Although not a panacea for economic disparity, microlending holds a great potential for alleviating poverty when coupled with more traditional aid programs and the forces of globalization.
Published
2017-02-24
How to Cite
. Microcredit in International Development. Hinckley Journal of Politics, [S.l.], v. 3, feb. 2017. ISSN 2163-0798. Available at: <http://epubs.utah.edu/index.php/HJP/article/view/3705>. Date accessed: 20 mar. 2019.
Section
Student Papers