Taking credit: When Thailand`s government started offering microfinance loans to villagers, did anyone benefit?
Thursday, May 10, 2012 - 06:30
in Mathematics & Economics
Microfinance seems like a boost for entrepreneurs in developing countries: Give them little loans, and people can make their small businesses a bit larger. Starting in 2001, the government of Thailand used this idea as the basis of a program called the Thai Million Baht Village Fund, which distributed loans in 77,000 rural villages.