Cumming, Douglas (ed.); Dong, Yizhe (ed.); Hou, Wenxuan (ed.) - 2017
microfinance in emerging markets. Microfinance has been hotly debated by ever-colliding camps of ardent supporters, who believe … that microfinance addresses credit market failures and provides a durable answer to the problem of the poverty, and staunch … critics, who argue that lending by microfinance institutions is wasteful, and the interest rates are too high. To bring …