<p>This paper discusses the so-called commercial approach to microfinance under economic and ethical aspects. It first … shows how microfinance has developed from a purely welfare-oriented activity to a commercially relevant line of banking … business. The background of this stunning success is the almost universal adoption of the commercial approach to microfinance …

The major objectives of the study is first to describe and analyse agricultural policy in Morocco and second to … versuchen, erstens die Grundlinien der in Marokko seit der Unabhängigkeit (1956 - 1980) praktizierten Agrarpolitik systematisch …