Micro-Credit: A Sustainable Means of Poverty Alleviation for the Developing World

Poverty is one of the most urgent problems on the international stage today. Although many strategies have been used to fight the escalation of poverty, each plan seems to ultimately fail. Micro-credit, an innovative and progressive idea, can be utilized as a successful and sustainable tool that works to empower people, by providing a means of improving one’s own economic situation. This research seeks to show that micro-credit is a useful way in which poverty can be alleviated in the developing world by fixing the root of the problem. Both Bolivia and Morocco are used as case studies to show that micro-credit is neither region nor context specific, and that ultimately this is the best tool to fight poverty in the developing world. Additionally, this research sheds light on the idea that supporting micro-credit institutions is ultimately in the best interest for all involved in the international community