Does microcredit really work?

Dan Gaidula

In a word, yes, microcredit is a tool to alleviate poverty but it is not a silver bullet. A poor woman and her family do not escape poverty after receiving a single loan. Without jobs, the poor are left to their own devices to provide for their families and credit is a way for microentrepreneurs to start or grow their businesses. For those that choose to borrow, they are investing in their own potential to change her and her family’s lives. Whole Planet Foundation believes in the power of the poor, and is committed to supporting new, more, and better opportunities to alleviating poverty.