<DIV>Microcredit programs, which often give small loans to borrowers in developing countries who lack collateral, have been considered efficient tools for economic development in struggling regions around the world. Yet, recently, microcredit has come under increasing critic by experts who feel that...</div>

In Andhra Pradesh, last autumn was marked by a very strong rise in the proportion of loans not repaid by borrowers of microcredit. Nicaragua, Morocco, Bosnia Herzegovina and Pakistan in particular saw comparable events. Their main causes are analyzed : two digit growth in the number of...

[eng] Dominique Gentil and Jean-Michel Servet — Between « localism » and globalisation : Micro-finance as evidence and as a leverage of socioeconomic changes. Micro-finance must not only be analysed as a local phenomenon. It also fits in the framework of globalisation, is presented as a...