Microcredit Institutions Name of Student Name of Institution Microcredit Institutions Micro-loans are financial assistance that is given to an individual or a group in to enable them to promote entrepreneurship empowerment reduce poverty or improving household welfare. The important of microloans is that those low-income families can of money they lender (Giron 2015). References Berlage Lodewijk Jasrotia Namrata Vasudeo (2015). Microcredit: from hope to skepticism to modest hope Enterprise Development and Microfinance Vol. 26 No. 1 Giron Alicia (2015).Women and Financialization: Microcredit Institutional Investors and Mfis Journal of Economic Issues Vol. Xlix No. 2 [...]
Review the articles, Women and Financialization: Microcredit, Institutional Investors, and MFIs, by Girón (2015), and Microcredit: from Hope to Scepticism to Modest Hope, by Berlage and Jasrotia (2015), which are required reading for this week. Respond to the following: Define microloans and determine how microloans can be utilized effectively to promote growth and development in a country? Specifically, what strategy would you propose to raise the effectiveness of microloans?