Microfinance has been touted as a miracle cure for poverty in the global south. The reality has been a lot messier. Illustration by Adrià Fruitós. Yabom was lucky. She heard a flat tone, then an ...

TO ANYONE familiar with banking in the rich world, the world of microfinance can seem rather odd. The main providers have not been motivated by anything as straightforward as making money, at least ...

A microfinance institution or micro-finance lender gives small, unsecured loans to people from poorer sections of the society. Usually, the maximum amount of loan that a micro-finance lender gives is ...

Microfinance has seen tremendous growth over the years, and as per various reports, a large population still lacks a savings account, while several families and individuals come under the low-income ...