The present study is a microeconomic investigation, based on personal interviews with different microentrepreneurs and functionaries of credit institutions. It evaluates the impact of micro-credit, investigates the challenges the micro-credit programs have to confront, and suggests some potential improvements. In a qualitative analysis the following conclusions have been reached: the micro-credit is very limited in scope, it is not focused on really poor people, and neither has it been effective in helping the beneficiaries it has had to grow. Thus, while micro-credit has had many positive effects and has been useful to maintain and develop the microenterprise sector, it has not had any clear impact on reducing poverty in Chile.
Economics | Entrepreneurial and Small Business Operations
Tsaneva, Magda, "El Impacto de Micro-Crédito en Superar la Pobreza" (2005). Independent Study Project (ISP) Collection. 447.