标题：Poverty and Microfinance: An Investigation into the Role of Microcredit in Reducing the Poverty Level of Borrowing Households in Bangladesh and the Philippines
期刊名称：Seton Hall Journal of Diplomacy and International Relations
出版年度：2008
卷号：IX
期号：2
出版社：John C. Whitehead School of Diplomacy and International Relations
摘要：It is often argued that the formal and informal financial sectors in developing
countries have failed to serve the poorer section of the community. Collateral, credit
rationing, a preference for high income clients and large loans, and lengthy
bureaucratic procedures of providing loans keep poor people outside the boundary
of the formal sector financial institutions in developing countries.1 On the other
hand, the informal financial sector has also failed to help the poor. Monopolistic
power, excessively high interest rates, and exploitation through the undervaluation of
collateral have restricted the informal financial sector in providing credit to poor
people for income generating and poverty alleviation purposes.
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