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Latest Thai Million Baht Village Fund Stories

2012-03-21 14:10:32

Large-scale microfinance programs are widely used as a tool to fight poverty in developing countries, but a recent study from the Consortium on Financial Systems and Poverty suggests that they can have varying results for participants and may be the most cost-effective use of funds only in limited situations.


Word of the Day
gammon
  • To play, gamble.
  • To impose upon; delude; trick; humbug; also, to joke; chaff.
  • A deceitful game or trick; trickery; humbug; nonsense.
The word 'gammon' in the sense of 'joke, trick' may come from 'backgammon'.
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