MICROLOANS: A NEW FINANCIAL INSTRUMENT TO FIGHT POVERTY

As planners of International Development Organisation realised how traditional instruments to fight against poverty were not producing the desired effects, there has been, in these last three decades, the birth and constant development of a new financing instrument, which is based on a very different philosophy: Microcredits. This article mainly seeks to present this new instrument and the institutions working with it throughout the world: its origin, evolution, main features and its merits as a tool for reducing the current poverty levels in the world.

Journal: 
5
Authors: 
Maricruz LACALLE CALDERÓN
Attached file: 

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