Vol. 27 No. 2: Spring 2009
Articles

Deleveraging Microfinance: Principles for Managing Voluntary Debt Workouts of Microfinance Institutions

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  • Deborah Burand
DOI: https://doi.org/10.5195/jlc.2009.9

Published 05/01/2009

How to Cite

Burand, D. (2009). Deleveraging Microfinance: Principles for Managing Voluntary Debt Workouts of Microfinance Institutions. Journal of Law and Commerce, 27(2). https://doi.org/10.5195/jlc.2009.9
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Abstract

Approximately 2.6 billion people, roughly 40 percent of the world’s
population, live on less than $2 a day. 3 Of these people, 1.4 billion—that is one in four people in the developing world—live in extreme poverty subsisting on less than $1.25 a day. According to recent World Bank estimates, the financial and economic crisis facing the world today is likely to trap another 53 million people in extreme poverty.
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