We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Despite about $34bn in funding and numerous micro-finance initiatives to help entrepreneurs in the world’s poorest countries, informal money-lenders and predatory loan sharks continue to thrive. Designed to help alleviate poverty in some of the world’s poorest countries, micro-finance initiatives provide loans to entrepreneurs and small businesses, hoping this will help the poor to work themselves out of desperate poverty. But if formal, government-supported micro-finance initiatives are widely available, why haven’t loan sharks and predatory lenders been wiped out? If micro-finance cannot compete with informal lenders, can we be confident that it really works? These questions really matter. Philanthropic donors and policy makers are enthusiastic about micro-finance initiatives and, understandably, those working in micro-finance often have a vested interest in showing that their work is effective. Research into how micro-finance initiatives really are performing should, therefore, t...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now