Tuesday, January 11, 2011

The Microfinance Backlash : Planet Money : NPR

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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