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June 9, 2011
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Researchers: Microcredit works in ways proponents don't expect.
Vendors like these in this market in the Philippines can apply for and receive small loans of $100 to $500 dollars. This microcredit is designed to help extremely poor people engage in successful entrepreneurship and improve their quality of life. But new research says microcredit works in ways proponents don't expect.
Credit: Innovations for Poverty Action
Images credited to the National Science Foundation, a federal agency, are in the public domain. The images were created by employees of the United States Government as part of their official duties or prepared by contractors as "works for hire" for NSF. You may freely use NSF-credited images and, at your discretion, credit NSF with a "Courtesy: National Science Foundation" notation.
Additional information about general usage can be found in Conditions.
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Related story: Can Small Loans Reduce Poverty?