Is Microfinance the Universal Poverty Reduction Tool?

By: Maggie Winding Microfinance and micro-loans have, since their conception, been hailed as a “miracle tool” for alleviating poverty in developing countries. Many, however, myself included, remain unconvinced that microfinance is necessarily the solution to resolving the vast disparity in economic achievement that many nations face. Therefore, as a deeper exploration of this topic, this article…