The downside -- and surprising upside –- of microcredit

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. But in a new study, researchers find that the practice may not be an efficient tool in promoting business growth or improving the lives of its beneficiaries, but could instead have just the opposite effect. However, they did discover other surprising advantages.

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