Canadian Micro-credit Programs: An Investigation of Model Differences

The formation of new social institutions is changing the landscape of the current economy. Social entrepreneurs develop innovative models to help marginalized communities, all in a self-sustaining manner. Such innovative models can be seen in institutions engaging in micro-credit activity, which offer access to financial services to the poor, who are generally excluded from the traditional banking system. This study investigates five institutions offering micro-credit across Canada. Particular attention is paid to the models they employ to help their clientele in Canada and also the repayment rates they report. The study concludes with the three key policy prescriptions.

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