
Microfinance was meant to help the world’s poorest, but critics say it leaves many drowning in debt
Maria Nsue
25 min
News
Description
Microfinance is a loan system that offers small business loans to people who can’t secure them elsewhere. It was conceived as a liberating financial tool for the world's poor — but some say it can be a source of abuse. We talk to Naly Pilorge, deputy director of the Cambodian League for the Promotion and Defense of Human Rights; Sohini Kar, an associate professor of international development at the London School of Economics; and Timothy Ogden, managing director of the Financial Access Initiative at New York University.
Episodes
1
Microfinance was meant to help the world’s poorest, but critics say it leaves many drowning in debt
Maria Nsue