Quanda Zhang (Samuel)

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The first microloans were made to women in rural Bangladesh in the 1970s. Banesa Khatun (far left) here in 2006, was still using Grameen Bank 30 years later. Rafiquar Rahman/Reuters

Yes, microlending reduces extreme poverty

Quanda Zhang (Samuel), RMIT University

A new study finds that giving small loans to very poor people reduces both the incidence and depth of poverty in the developing world.

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