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Please use this identifier to cite or link to this item: http://hdl.handle.net/10400.5/2542

Title: Market Solutions in Poverty: The Role of Microcredit in Development Countries with Financial Restrictions
Authors: Gómez Olivares, Mário
Santos, Sofia
Keywords: microfinance
rate of interest
Issue Date: 2009
Publisher: ISEG – Departamento de Economia
Citation: Gómez Olivares, Mário e Sofia Santos. 2009. "Market Solutions in Poverty: The Role of Microcredit in Development Countries with Financial Restrictions". Instituto Superior de Economia e Gestão - DE Working papers nº 12-2009/DE/UECE
Series/Report no.: DE Working papers;nº 12-2009/DE/UECE
Abstract: The creation of credit markets in poor countries is a crucial factor for their development. If well put into practice, people would be able to improve their quality of life. With the suitable support they will become educated and that will allow them to enlarge their business, to think by themselves and to appreciate that they have rights. Microfinance has seen great changes in the last 50 years and has become visibly known due to the success of some occurrence in developing countries and more recently in Europe through a number of schemes that have been implemented solving this key issue. In this article we discuss this experience, we evaluate the economic theory of microfinance and propose a alternative model. We conclude that microcredit can be see as a new approach in developing policies or as a scheme against unemployment.
URI: http://hdl.handle.net/10400.5/2542
ISSN: 0874-4548
Publisher version: http://aquila2.iseg.utl.pt/aquila/getFile.do?method=getFile&fileId=94474
Appears in Collections:UECE - Documentos de Trabalho / UECE - Working Papers
DE - Documentos de trabalho / Working Papers

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