Discover the differences between microfinance and macrofinance, including their scope, purpose, and impact on individuals vs. whole economies.

In recent years, the idea of giving small loans to poor people became the darling of the development world, hailed as the long elusive formula to propel even the most destitute into better lives.

Microfinance is a growing sector. According to the 2024 Microfinance Social Performance Report by BNP Paribas, 173 million ...