Skip to main content
Article
The Micromagic of Microcredit
The Wilson Quarterly (2008)
  • Karol C. Boudreaux
  • Tyler Cowen, George Mason University
Abstract
The millions of tiny loans microcredit banks make to the world's poor do not work the miracles some advocates claim. But like the Wizard of Oz, microcredit doesnot need to be magic to do a great deal of good.
Keywords
  • Microcredit,
  • microfinance,
  • Africa,
  • India,
  • borrowers,
  • lending,
  • consumption,
  • savings
Disciplines
Publication Date
Winter 2008
Citation Information
Karol C. Boudreaux and Tyler Cowen. "The Micromagic of Microcredit" The Wilson Quarterly Vol. 32 Iss. 1 (2008)
Available at: http://works.bepress.com/karol_boudreaux/22/