Economics Homework Help

“Are Microfinance Institutions effective in lifting poor households and small businesses out of poverty? Is the social impact of microfinance institutions limited because of the high interest rates and high default rates? What could households or small businesses do to use the loans prudently? How can microfinance organizations reduce the default rates?”
Discuss with reference to any two organizations. Reflect on the challenges and limitations of microfinance in the light of the above prop.

•Provide a short list of references