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Social Entrepreneurship

Can the Microcredit Model Be Improved?

Studies suggest that the long-term impact of microfinance is limited. Yale SOM’s Mushfiq Mobarak and the University of Chicago’s Vikas Dimble write that the much-touted policy tool can help more people by modifying and extending its model.  

A microfinance meeting in Northern Togo. Photo: Godong/UIG via Getty Images.