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Michael Pisani:
Documenting the positive influence of
microfinance
International Business
Michael J. Pisani’s field research on more
than 500 micro and small businesses in
Matagalpa, Nicaragua, reveals that access to
microfinance has enabled micro-entrepreneurs
to start, expand, and develop their
micro-enterprises while simultaneously
enhancing the standard of living in their
households. Pisani, associate professor of
international business at CMU, also has
undertaken micro-finance field research in
El Salvador, Belize, Mexico, Costa Rica, and
the U.S.-Mexico borderlands.
What Pisani’s research
shows
“Micro-finance is working to reduce poverty
in Nicaragua.”
What are micro-finance
institutions?
These institutions are involved in delivery
of relatively small business loans (e.g.,
$10-$500+) to micro-entrepreneurs globally
at local market rates. Access to
micro-finance is seen as a means of reducing
poverty by supporting very small enterprises
that have been shut out of traditional
financial markets.
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