The Microcredit Concept
Not what you're looking for?
Modern microcredit is generally considered to have originated with the Grameen Bank founded in Bangladesh in 1983s. In fact, it is often said to provide a solution which enables small business people to borrow capital to purchase fruit, livestock and materials without being exposed to unscrupulous or violent lenders. However to fully understand this concept, some independent research on the microcredit concept is needed; following this address the following:
(1) How does the microcredit concept contribute to the economy?
(2) Are there any drawbacks to the idea of microcredit?
(3) Are you in favor of it? Why or why not?
Purchase this Solution
Solution Summary
This solution outlines the advantages and drawbacks of modern microcredit. Additionally, the expert provides an opinion on the subject.
Solution Preview
(1) The microcredit concept helps lower income groups to set up and grow small businesses and create employment in the country. People who were living in poverty and not contributing much to the economy become active with small businesses and add value to the GDP of the country. Also, governments across the world spend more on the ...
Education
- MBA, Indian Institute of Finance
- Bsc, Madras University
Recent Feedback
- "I've posted a similar question for another course. It's post 657940, and it's a practice problem that I'd like to use for the final exam. Your help will be greatly appreciated. "
- "thank you!"
- "Thank you again Jayant. You are super fast. "
- "Thank you Jayant. You are appreciated. "
- "Again, thank you Jayant. You are wonderful. "
Purchase this Solution
Free BrainMass Quizzes
Organizational Behavior (OB)
The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.
Academic Reading and Writing: Critical Thinking
Importance of Critical Thinking
Production and cost theory
Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.
Managing the Older Worker
This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce
Marketing Research and Forecasting
The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.