Microcredit Schemes and Poverty Persuasive Essay by Top Papers

Microcredit Schemes and Poverty
A discussion on why microentrepreneurs with small loans cannot reduce or eliminate poverty.
# 141420 | 1,250 words | 0 sources | MLA | 2008 | US
Published on Dec 01, 2008 in Business (Finance, Investment and Banking) , Sociology (Poverty)


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Description:

The paper relates that in recent years, microcredit has become a buzzword in the world of investments and philanthropy; in fact, it has been touted by many as a key innovation in the 21st century fight against poverty. The paper discusses how Nobel Peace Prize winner, Muhammad Yunus, has gone as far as saying, "We will make Bangladesh free from poverty by 2030" (Karnani 36). Despite such assertions, however, the paper explains how critics contend that microcredit schemes will never live up to the hype. The paper examines this issue in significant detail while arguing that microcredit is not a silver bullet for alleviating poverty. More specifically, the current discussion demonstrates why microentrepreneurs with small loans cannot reduce or eliminate poverty.

From the Paper:

"In recent years, Microcredit has become a buzzword in the world of investments and philanthropy. In fact, it has been touted by many as a key innovation in the 21st century fight against poverty. Nobel Peace Prize winner, Muhammad Yunus, has gone as far as saying, "We will make Bangladesh free from poverty by 2030" (Karnani 36). Despite such assertions, however, critics contend that microcredit schemes will never live up to the hype. The current study examines this issue in significant detail while arguing that microcredit is not a silver bullet for..."

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APA Format

Microcredit Schemes and Poverty (2008, December 01) Retrieved December 14, 2019, from https://www.academon.com/persuasive-essay/microcredit-schemes-and-poverty-141420/

MLA Format

"Microcredit Schemes and Poverty" 01 December 2008. Web. 14 December. 2019. <https://www.academon.com/persuasive-essay/microcredit-schemes-and-poverty-141420/>

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