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    HomeNewsOpinionMicrofinance works, but is not a magic pill

    Microfinance works, but is not a magic pill

    Perhaps more important is the realisation that microcredit has made a marginal and not transformative impact on the lives of its beneficiaries, the poor women borrowers

    Subir Roy
    September 18, 2023 / 09:14 IST
    Microfinance works, but is not a magic pill

    Microfinance practioners assert that their borrowers may not be able to get entirely out of poverty but even a small cash loan for a year or two makes a world of difference

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