Microfinance: An Economic Analysis of Banking to the Poor

by Samuel Wahlen



Book Details

Language : English
Publication Date : 7/5/2017

Format : Softcover
Dimensions : 6x9
Page Count : 142
ISBN : 9781480847095
Format : E-Book
Dimensions : N/A
Page Count : 142
ISBN : 9781480847101

About the Book

Great strides are being made in technology, medicine, and other fields, but with these advances, many people are still being left behind in poverty.

The poor struggle to feed their families, work long hours for little pay, and face obstacles in educating themselves and their children. They see no end to the nightmare—and they feel trapped.

World leaders have responded by offering a handout rather than a hand up, which does nothing to fix the problem. In this book, you’ll learn why:

• Foreign aid to developing countries weakens democratic

institutions and empowers leaders to make bad policy decisions.

• Small businesses serve an important role in

strengthening economies in developing countries.

• Small business owners opt out of legal environments and

choose to operate in informal sectors.

• Microfinance institutions offer the poor greater flexibility

and opportunity than larger financial institutions.

When helping the poor, the goal does not need to be unanimous economic equality, but we must provide opportunities to escape the clutches of poverty. Find out how it can be done, step by step, with Microfinance.

About the Author

Samuel Wahlen believes that free market solutions can solve world poverty. He has been quoted in numerous news stories on economic and political issues and works as a banker in Racine, Wisconsin. He serves as President of the Racine Taxpayers Association, previously Chairman of the Racine County Republican Party, is on the Board of Commissioners and Chair of the Finance Committee for the Housing Authority of Racine County, and has been involved in numerous philanthropic activities.