Questioning Bangladesh's Microcredit
Microlending is widely seen as a development program that has worked for the world's poor. But there has been inadequate study of the results. The authors undertook a pilot study in Bangladesh, and their results are deeply disappointing. A high proportion of loans are taken for consumption, not investment, and make little contribution to the creation of jobs.
Volume (Year): 51 (2008)
Issue (Month): 6 ()
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