Tag: Microcredit
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Nobel Prize Winner Yunus on microfinance gone wrong
Image by Getty Images via @daylife Commercialization has been a terrible wrong turn for microfinance, and it indicates a worrying “mission drift” in the motivation of those lending to the poor. Poverty should be eradicated, not seen as a money-making opportunity. There are serious practical problems with treating microcredit as an ordinary profit-maximizing business. Instead…
Barbara K Iverson 