Roy’s discussion Literature & Language Essay Research

Microfinance: A Weapon of Mass Salvation?
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May 7, 2020
Microfinance is hailed by some as a tool for mass salvation due to its capacity to “democratize capital”. Specifically, these services have allowed even the poorest of the poor to acquire the capital that they need in order to participate in the general and local market economy. Nonetheless, despite its own purpose, microfinance is considered as paradoxical in nature due to the inherent conflict between its function and its purpose.
On the one hand, the main function of microfinance is to open up the market to the poor. Through the reduced regulations on obtain...