Publication Date

Fall 2015

School

School of Business

Major

Business: Economics

Keywords

microloan, microlending, microfinance, third world

Disciplines

Agribusiness | Business Law, Public Responsibility, and Ethics | Entrepreneurial and Small Business Operations | International Business | Other Business

Abstract

Microlending programs have recently been touted as a way to increase business development, equality, and income in impoverished nation (Yunus & Weber, 2007; Idris & Agbim, 2015); this confidence, however, may be misplaced. Research from inside these Third World nations is challenging the traditional thinking about what helps the poor succeed in other countries and how we can help; these studies call into question the efficacy of microlending and similar programs (Idris & Agbim, 2015; Banerjee et al., 2014; Yang & Stanley, 2012). In this paper, the effects of microloans in the Third World on income growth will be accessed along business landscape and women’s equality.