Research on microcredit is now two decades old. There has been enormous progress in
understanding both what microcredit does and how. Yet a lot of what we have learned has …

Recent empirical evidence based on surveys and experimental activities within the fields of
behavioral finance and financial education has offered economists new empirically based …

Natural disasters constitute a persistent threat to economic welfare in many places,
particularly in develo** countries. Not only can disasters transform living circumstances …

Background The concept of microcredit was first introduced in Bangladesh by Nobel Peace
Prize winner Muhammad Yunus. Professor Yunus started Grameen Bank (GB) more than 30 …

Microfinance promises to reduce poverty by employing profit‐making banking practices in
low‐income communities. Many microfinance institutions have secured high loan repayment …

We examine how economic institutions, measured by the Economic Freedom of the World
(EFW) index, affect the relationship between capital—human, social, and financial—and …

Executive Overview Microfinance is an emerging phenomenon that opens access to capital
for individuals previously shut out from financial services. In its direct engagement with the …

Microfinance has received a lot of attention recently, both from policy makers as well as in
academic circles. Two of the main topics that have been hotly debated are explaining joint …

Lending to the poor is expensive due to high screening, monitoring and enforcement costs.
Group lending advocates believe lenders overcome this by harnessing social connections …

The world's poor may be the last great frontier in international business. International
microlenders are increasingly tap** into this emerging opportunity by extending small …