The downside -- and surprising upside - of microcredit
Thursday, June 9, 2011 - 13:30
in Mathematics & Economics
Microcredit, which involves giving small loans to very small businesses in an effort to promote entrepreneurship, has been widely touted as a way to reduce poverty and stimulate economic growth. A multitude of both non- and for-profit institutions are spending billions of dollars each year on microcredit ventures in developing nations around the globe.