Question: Micro-finance is a very promising development tool. Explain briefly how micro-credit programs such as the Grameen Bank work. Why are microcredit banks more successful in

Micro-finance is a very promising development tool. Explain briefly how micro-credit programs such as the Grameen Bank work. Why are microcredit banks more successful in stimulating development in some cases than regular banks? Explain, citing specific aspects of the micro-credit system.

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