I’ve been googleing but I’m trying to pull myself out of a rabbit hole. I don’t see these institutions prominent in my country – where are they? And the pros and cons of them seem to be in theory? Like there aren’t news stories accompanying them
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They had a lot of press quite a long time ago. Thinking perhaps 20-25 years ago. At the time, IIRC, they focused on (very) small loans mostly to allow the very poor to start a small business – which could be selling food or making simple products and services.
This was a long time ago, so not so useful perhaps to you. The idea was to allow the development of these micro/home businesses and give economic empowerment especially to women. If done well, it can help alleviate some degree of poverty. Done poorly, it becomes another debt problem.
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