Little Rock There was a long, hopeful report on the supposed growth of microcredit among lower income families in the United States in the New York Times, but no matter how much slipping and falling we might have endured around invisible statistics, there was no way to avoid the bottom line conclusion that microcredit was …
Tag: microcredit
Crisis of Accountability for Microfinance in India
New Orleans Microfinance has many positives, but should never be confused or misnamed as a “poverty reduction” strategy. There is simply no way to reduce poverty through debt. Microfinance or microcredit or micro-lending or whatever the name has a value for the poor as a way to access minimal credit to create or improve livelihoods, …