Calls Grow for a New Microloans Model

March 18, 2015 1:21 AM

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Calls Grow for a New Microloans Model

Some of the world’s top experts in microlending recently gathered to debate a hot topic: Has the microloan boom of the last decade actually helped global efforts to lift people out of poverty?

The event was prompted by the latest issue of the prestigious American Economic Journal: Applied Economics, which published a group of independent studies suggesting that microlending—tiny loans to poor entrepreneurs—usually fails to raise incomes.

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