Microfinance - Does it really work?

Governments from Brazil to Bosnia have launched massive microfinance programs, and commercial banks like ABN AMRO, HSBC and Citicorp are rushing down-market, which could increase access to credit for the poor. Some 500 million poor worldwide have reportedly benefited from $6 billion in micro-loans, which supporters want to ramp up to $300 billion. But its critics say there is no solid evidence that microfinance makes a difference, either in developing the economy or reducing poverty.


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