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The third assignment for econ 491 autumn 2007 course, where students are required to find ways to improve access to credit in their country, focusing on the implementation and effects of micro-credit. The minister of finance is interested in exploring this option further and students are encouraged to consult additional resources. The assignment is due on november 18, 2007, and must be uploaded as a standard word processing document or pdf, with a maximum length of 1500 words and proper citation.
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Econ 491 Autumn 2007
Your country is concerned that it is failing to make much progress in reducing poverty. It is believed that a substantial impediment to increasing people’s income is their lack of credit, although there has been no serious studies of whether this holds in your country.
It is your responsibility to find a way to improve access to credit. Your Minister of Finance has heard a lot of talk about micro-credit and while she does not want you to rule out other options she would like to know more about how that can be implemented and what the effects of different implementations might be.