Microcredit, Macro-Goals

By Ivy Kwek

March 2012 FEATURE
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In 2009, the Penang state government decided to help small businesses by providing access to microcredit. More than two years later, the man in charge of this programme, Iskandar Basha, oversees a repayment rate of 100%. Now, he has to maintain that level of success.Poverty eradication has always been a tall order, and approaches to do so over the years have been subject to much debate.You may have heard of Prof Muhammad Yunus and his microcredit programme in Bangladesh. An...

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Ivy Kwek

writes to seek answers. Her interests include socioeconomic development, politics and human rights issues.