Microcredit doesn't live up to promise of transforming lives of the poor, 6 studies show

(Innovations for Poverty Action) Six studies, conducted independently in Bosnia and Herzegovina, Ethiopia, India, Mexico, Mongolia, and Morocco, and released in the American Economic Journal: Applied Economics, followed over 37,000 individuals in total. The studies conclude that while microloans can increase small business ownership and investment, the small, short-term loans generally do not lead to increased income, investments in children's schooling, or substantial gains in women's empowerment for poor borrowers.
Source: EurekAlert! - Social and Behavioral Science - Category: Global & Universal Source Type: news