Microfinance: Catalyst for Economic Recovery?

July 28, 2010 § 1 Comment

Image: Salvatore Vuono / FreeDigitalPhotos.net

Green Chip Stocks thinks, quite possibly, yes.

The firm, which covers companies providing social, as well as monetary, returns, has posted a brief article effectively arguing its case.  Their rationale is based on access to capital by microentrepreneurs and those small business owners previously serviced by traditional banking, enabling business-to-business spending, and, equally critical to the economy, job creation.

They cite ACCION USA and Grameen America as examples of thriving, and expanding, U.S. microfinance institutions.

Read their full post to be convinced.  Or not.  What do you think?

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§ One Response to Microfinance: Catalyst for Economic Recovery?

  • Fehmeen says:

    Well, I think to say microfinance can lead to an economic recovery is a little extreme, although it does help empower the poor and improve their financial security. You may have heard of Milford Bateman’s new book – Why doesn’t microfinance work? – which discusses a few major macro-economic issues with the basic micofinance model. While he shuns the idea of microfinance, I personally think it does have the potential to ‘help’ individuals and their families, but I really doubt it has the power to help the entire economy, even if it is in a bottom-up manner.

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