Open Access Honors Program Thesis
Over the last 50 years, the United States has been pouring money into foreign aid, yet this aid has failed to bring the poor out of poverty. Micro finance institutions claim to they are able to increase the wealth of the poor. This paper will compare micro finance's ability to alleviate poverty against traditional uses of foreign aid. The results of this paper are while the profitability of micro finance is not clear, independent studies indicate that it has been successful in bringing the poor out of poverty. This paper concludes that micro finance should receive a larger portion of bilateral foreign aid.
Year of Submission
University Honors Designation
A thesis submitted in partial fulfillment of the requirements for the designation University Honors
1 PDF file (24 pages)
©2007 Wade Summers
Summers, Wade, "Poverty Reduction: An Evaluation of Micro Finance and Foreign Aid" (2007). Honors Program Theses. 739.