Publication
Mar 2011
For more than 30 years microfinance has been portrayed as a key policy and programme intervention for poverty reduction and ‘bottom-up’ local economic and social development. Microfinance (more accurately microcredit, but in practice the terms are interchangeable) is the provision of tiny loans to the poor to help them establish or expand an income-generating activity, and thereby escape from poverty.
Download |
English (PDF, 4 pages, 150 KB) |
---|---|
Author | Milford Bateman |
Series | ODI Background Notes |
Publisher | Overseas Development Institute (ODI) |
Copyright | © 2011 Overseas Development Institute (ODI) |