Microlending Reduces Extreme And Poverty

Microlending Reduces Extreme And Poverty

June 26, 2017 5.27am BST A modest increase in microlending to the poorest of the world could lift over 10.5 million people from extreme poverty. This is the conclusion of my study, which was published last month in the B.E. Journal of Macroeconomics, which discovered that microfinance not just reduces. The number of households in poverty, but also the extent to which the poor are. Today, 836 million people (or 12%) of the global population live in extreme poverty. And on less than US$1.25 every day. Based on data from 106 of the world’s developing countries from 1998 to 2013 … Continue reading Microlending Reduces Extreme And Poverty