• ISSN: 2010-023X
    • Frequency: Bimonthly
    • DOI: 10.18178/IJTEF
    • Editor-in-Chief: Prof.Tung-Zong (Donald) Chang
    • Executive Editor: Ms. Cherry L. Chen
    • Abstracting/ Indexing:  ProQuest, Crossref, Electronic Journals Library , EBSCO, and Ulrich's Periodicals Directory
    • E-mail: ijtef@ejournal.net
IJTEF 2018 Vol.9(2): 60-65 ISSN: 2010-023X
DOI: 10.18178/ijtef.2018.9.2.589

Does Microfinance Reduce Poverty? The Case of Brazil

Mehran Ramezanali and Djamchid Assadi
Abstract—Main objective of this study is to assess the impact of microcredit on poverty reduction in Brazil. Individuals and informal businesses receiving credit from funding agencies and must demonstrate improvement in their businesses. Mass unemployment, social injustice and deplorable living conditions in some regions of Brazil in global reports show a timid growth. To perform the study used an exploratory research with qualitative approach in the analysis of central bank reports from brazil and other internal reports and also compared with annual reports issued by the united nations. The profile of borrowers is very similar to the profile of entrepreneurs specially when comparing income and geographical location. However, microcredit is important for creating jobs but the government needs to implement other anti-poverty programs and create new assistance projects to achieve satisfactory results.

Index Terms—Microcredit, entrepreneurship, poverty, microfinance, financial institutions.

Mehran Ramezanali is UNIDAVI, Brazil (e-mail: mehran@unidavi.edu.br).

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Cite: Mehran Ramezanali and Djamchid Assadi, "Does Microfinance Reduce Poverty? The Case of Brazil," International Journal of Trade, Economics and Finance vol.9, no.2, pp. 60-65, 2018.

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