Warsaw Wow, mama, how can this be? I’m stuck in Warsaw with the Toronto blues again! I had noticed there was a readership spike on my blog on Saturday. A Saturday is not a big day for blog readers, friends, and as vitally important as microfinance and poverty is, it was hard for me to …
Month: September 2015
Here Comes the Pope!
Warsaw The Organizers’ Forum is assembling in Poland. There are Catholic churches everywhere, and they are huge, part of the legacy of Pope John Paul. The news everywhere though is focused on the first visit of Pope Francis to the United States and what that really might herald. Francis has thus far been a breath …
Studies Find Microfinance Does Not Reduce Poverty, Assets Do
Hamburg Several years ago ACORN International did a research report that seemed heresy to many, but started from the simple proposition that since microfinance is debt, debt does not reduce poverty, therefore the value of microfinance was the same as buying a job through an employment agency: work at a steep price. For many the …