Abstract

Microfinance is increasingly being used to fight poverty and it is often seen as a strategic way to advance local economic development in war-torn developing societies. In Cambodia this strategy has been quite successful, but in Timor-Leste microfinance is considered less effective for poverty reduction. This article addresses how microfinance has developed in the two countries, what strengths and weaknesses can be detected, and how the differences between the two countries can be understood.

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