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Blog Post from The Cornell Daily Sun

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Unraveling Microfinance: The Industry’s Origins

February 7, 2008 - 12:10am
By Gabriela Salazar

To start out in this historical review, let’s note that the term microfinance asks us to imagine a very specific financial scale. At the apex of the macro world sit those individuals and conglomerates that see billions of dollars fly easily between their guiding hands. Transactions of the micro world are hardly visible in comparison, but are additionally confined to the present and recent past.