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 …
Category: Canada
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 …
Zoning Payday Lenders Out of the City
New Orleans Payday lenders are weeds that crack the sidewalk. Payday lenders are “broken window” signposts advertising lower income neighborhoods and tending to push communities and families over the edge. There may not be an area in North America that has been more effective in using city zoning policies to aggressively root out payday lenders …