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The Hidden Impact of Microcredit: Three Under-recognized Ways the Industry Can Help Emerging Markets
Microcredit has historically been evaluated – and often found lacking – on the terms that the industry was built on: raising the income, investment and consumption of clients. But, according to Timothy Ogden, there are other ways that microfinance may have had an impact, including helping to build institutions, training people in the technology of management, and strengthening civil society.
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