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Evaluating Microfinance And The Potential To Economically Empower Women In The Sacred Valley Of Peru, Allison Mcnamara
Evaluating Microfinance And The Potential To Economically Empower Women In The Sacred Valley Of Peru, Allison Mcnamara
CISLA Senior Integrative Projects
In the past 30 years, microfinance loans have become a highly popular strategy to reduce poverty and economically empower people in developing countries. Women in particular have become the primary recipients of microfinance loans. However, recent studies show that the loans only have short-term benefits, and ultimately contribute to the indebtedness of the Global South. This paper studies the effectiveness of microfinance loans in the Sacred Valley of Peru (Cusco), and their ability, or lack thereof, to economically empower women in this region.