http://www.planetd.org/2006/12/18/microfinance-has-limited-impact/ Critiquing the Politics, Policy & Practice of Development Thu, 09 Sep 2010 23:18:55 +0200 http://wordpress.org/?v=2.8.4 hourly 1 http://www.planetd.org/2006/12/18/microfinance-has-limited-impact/comment-page-1/#comment-42102 Microfinance: Not a Development Tool, Then What? - The Discomfort Zone Mon, 01 Jan 2007 07:19:26 +0000 http://www.planetd.org/2006/12/18/microfinance-has-limited-impact/#comment-42102 [...] Abraham George writes in an article at the Knowledge@Wharton website that only 5% of borrowers among 50 microcredit programs in India start their own ventures. A study by Basix, an Indian MFI, showed that only 52% of borrowers reported an increase in income. Most significantly, even for the 52% reporting increased income, only a correlation is established, not causation. [...] [...] Abraham George writes in an article at the Knowledge@Wharton website that only 5% of borrowers among 50 microcredit programs in India start their own ventures. A study by Basix, an Indian MFI, showed that only 52% of borrowers reported an increase in income. Most significantly, even for the 52% reporting increased income, only a correlation is established, not causation. [...]

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