The Microfinance Backlash : Planet Money : NPR: "Categories: Developing Economies
03:09 pm
January 10, 2011
by Jacob Goldstein
An official from a microfinance company talks with a borrower in Vadod, India.
Sam Panthaky/Getty Images
Microfinance in action in Vadod, India.
These are tough times for microfinance.
Politicians in some developing countries are encouraging borrowers not to repay their loans. And a few studies have cast doubt on the benefits of lending small amounts of money to very poor people — a practice that has long been held up as one of the most promising ways to help people work their way out of profound poverty."
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