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Microfinance and the Hope Factor

The Secret Ingredient of Our Poverty Relief: Economists are showing that hope makes a statistical difference in developing nations but that hope comes in two forms. Wishful hope or “hope that” is important but lacks human agency. We hope that something will happen, but believe we have little or no influence over it. Aspirational hope, or “hope to,” means we participate in it–and this factor matters in poverty relief.

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