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Economics

The Impact of Microfinance on Female Empowerment in South Asia

Quick fact

While microfinance is often celebrated as a tool for female empowerment, rigorous research shows that its impact on women's decision-making and well-being is inconsistent, sometimes even having no effect or unintended negative consequences.

Why this is interesting

You've probably heard that giving small loans to women in South Asia lifts them out of poverty and transforms their lives. But what if the reality is more complicated than that?