Discover the differences between microfinance and macrofinance, including their scope, purpose, and impact on individuals vs. whole economies.

In one memorable case, a press release put out by the group Innovation for Poverty Action came with this headline: “Microfinance does not live up to the promise of transforming the lives of the poor, ...

“Microfinance” comprises financial services, the most familiar of which are loans of $50 to $1500 that enable the borrower to launch or expand a business. In Bangladesh, many microfinance programs are ...