Microcredit: A Bird’s Eye View

This paper deals with Micro-Credit schemes which are small loans supplied to people living in undeveloped countries who want to get out of debt and start up a self employed business, too support both themselves and their families. Women tend to be the main focus of the micro-credit industry, due to the fact that it benefits them greatly in more than just one way. It helps them financially, economically, socially and politically. It gives them a sense of empowerment. On the negative side some people are unable to get out of debt and pay back their loan, leading to things like suicide and depression