The Conversation: Microfinance loans could spell disaster in the time of coronavirus

The Conversation: Microfinance loans could spell disaster in the time of coronavirus. “Microfinance programmes – small-scale lending programmes targeted at low-income households that normally fall through the cracks of formal lending systems – were supposed to provide the poor with the capital they need to open a street stall, invest in their farmland, or buy materials to make handicrafts. Up until the late 2000s, microfinance was hailed as a financial magic bullet by many. It would lift the world’s poor out of poverty and empower women. Only, it hasn’t quite turned out that way.”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.