Advisor(s)
Alan W. Dyer
Abstract
The idea of lending money to the poor via microfinance is a poverty reduction method that is used. It gives people the necessary tools to help themselves out of the vicious cycle of poverty. This paper discusses micro-credit as an alternative method for poverty reduction in rural Mexico, in particular Chiapas. Based on a historical, economical, and a cultural review of the region, it argues that microfinance is an attractive solution to alleviating poverty without sacrificing indigenous culture or loosing control of their local economies.
Date Accepted
May 2006
Subject Categories
Poverty, Economic development
Keywords
microcredit, rural economic development, microfinance
Degree Grantor
Northeastern University
Publication Date
5-18-2006
Permanent URL
Recommended Citation
Vivanco, Elizabeth N., "Socio-economic impacts of micro-credit: the case of rural Mexico" (2006). Honors Junior/Senior Projects. Paper 48. http://hdl.handle.net/2047/d10001207