Can Microfinance End Poverty? An Excerpt from a Microfinance Advocate

In a recent RESULTS national conference call, Nicholas Kristof, of the New York Times, opened his comments with the remark that it now appears that microfinance, while helpful, is not transformative. The term stemmed from a recent report published in the American Economic Journal on six recent randomized control trials that purport to demonstrate that micro­finance is not “transformative”. 

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