%0 Journal Article
%T Deleveraging Microfinance: Principles for Managing Voluntary Debt Workouts of Microfinance Institutions
%A Deborah Burand
%J Journal of Law and Commerce
%D 2009
%I University Library System, University of Pittsburgh
%R 10.5195/jlc.2009.9
%X Approximately 2.6 billion people, roughly 40 percent of the world¡¯s population, live on less than $2 a day. 3 Of these people, 1.4 billion¡ªthat is one in four people in the developing world¡ªlive in extreme poverty subsisting on less than $1.25 a day. According to recent World Bank estimates, the financial and economic crisis facing the world today is likely to trap another 53 million people in extreme poverty.
%U http://jlc.law.pitt.edu/ojs/index.php/jlc/article/view/9