Microfinance: Fortune at or also for the bottom of the pyramid?

Main Article Content

Jon Jachimowicz

Abstract

As globalization increasingly becomes recognized as a major driver of an increasing gap between rich and poor (Soros, 2002); scholars and policy makers alike have responded to the pressure to create a more inclusive system of capitalism that better responds to the needs of the poor (Hart & London, 2005) in part by proposing an increased role of commercial businesses. This paper outlines the positives and negatives of microfinance, concluding that it is no panacea for poverty alleviation.

Article Details

Keywords
Sustainability, Microfinance
Section
Essays
How to Cite
JACHIMOWICZ, Jon. Microfinance: Fortune at or also for the bottom of the pyramid?. Journal of Sustainability, [S.l.], v. 1, n. 1, p. 13, june 2013. Available at: <https://ojs.st-andrews.ac.uk/index.php/jsus/article/view/598>. Date accessed: 13 dec. 2018.