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Microfinance and economic development (English)

Microfinance is generally seen as a way to fix credit markets and unleash the productive capacities of poor people who are dependent on self-employment. The microfinance sector has grown quickly since the 1990s, paving the way for other forms of social enterprise and social investment. But recent evidence shows only modest average impacts on customers, generating a backlash against microfinance. This paper reconsiders the claims about microfinance...
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Cull,Robert J.; Morduch,Jonathan J..

Microfinance and economic development (English). Policy Research working paper|no. WPS 8252 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/107171511360386561

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