In one memorable case, a press release put out by the group Innovation for Poverty Action came with this headline: “Microfinance does not live up to the promise of transforming the lives of the poor, ...

Discover the differences between microfinance and macrofinance, including their scope, purpose, and impact on individuals vs. whole economies.

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“Microfinance” comprises financial services, the most familiar of which are loans of $50 to $1500 that enable the borrower to launch or expand a business. In Bangladesh, many microfinance programs are ...