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Paper

Microfinance for Poverty Alleviation: Do Transnational Initiatives Overlook Fundamental Questions of Competition and Intermediation?

An unintended consequence of formal low-interest microfinance: It creates informal intermediation opportunities for entrepreneurs, ranging from casual intermediation to systematic deception.

Paper

Leasing to Support Small Businesses and Microenterprises

Can leasing improve microenterprises' and small businesses' access to medium term capital finance?