The Role of Microfinance in Alleviating Poverty: a Microeconomic Perspective
Words: 444 1570In contemporary discourse on poverty alleviation, the role of microfinance emerges as a pivotal subject within the purview of microeconomics. Microfinance, encapsulating a spectrum of financial services provided to low-income individuals, holds promise in addressing the multifaceted challenges of poverty. From providing access to credit and savings facilities to fostering entrepreneurship and empowering marginalized communities, the efficacy of microfinance interventions is subject to nuanced examination from a microeconomic perspective. At its core, microfinance operates on the principle of financial inclusion, […]