Microcredit ventures aren’t the answer to world poverty
The success of micro-financing isn’t enough to make world poverty disappear, this is what recent studies proved concerning the benefits of microlending.
Grameen Banking gives a solution too entrepreneurs in the poor countries, studies, on the other hand, showed that poor people use these loans to buy household goods.
The method of microlending helps little pockets of people to escape poverty ,but the overall success of this system is delicate or even non-existent.
Muhammad Yunus, probably the world’s most popular banker and the defenders of micro-lending say that studies based on a period less than one year give a distorted picture.
“World poverty guru ‘fails’ to spread wealth”
From The Sunday Times
October 4, 2009
1 opmerking:
S1: captivating title
S2: solution to
S2: in poor countries
S2: link to 'studies' is a bit forced --> ..., yet some studies indicate that...
Good single focus, well done to provide pro and con arguments in 4 sentences.
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