Microcredit
Bibliographic Data
| ID | 18935201 |
|---|---|
| Authors | Becky Hsu (0000-0003-2352-1047), Becky Yang Hsu (0000-0001-9833-9536, corresponding author) |
| Year | 2010 |
| Publication date | 2010-01-18 |
| Open Access | Yes |
| Type | OTHER |
| Venue | The Blackwell Encyclopedia of Sociology (JOURNAL) |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1002/9781405165518.wbeosm150 |
| OpenAlex | W4253739717 |
| ISBN | 9781405165518 |
| Language | EN |
| References cited | 7 |
Microcredit is the practice of distributing very small loans to people who have a very low income as a means of poverty alleviation and economic development. Microcredit is a subset of the broader category of microfinance, which includes all financial services such as insurance and money transfers. The very poor often do not have access to any financial services, and microcredit enables individuals to borrow for a profit‐making enterprise in hopes of beginning an upwards spiral out of poverty. In 2009, there were an estimated 150 million borrowers in 10,000 microfinance institutions (PlaNet Finance 2009)
Business · Default · Economic growth · Economics · Financial services · Financial system · Microfinance · Non profit · Poverty · FinTech, Crowdfunding, Digital Finance · Islamic Finance and Banking Studies · Microfinance and Financial Inclusion · Finance
| Highly cited | No |
|---|