domingo, mayo 08, 2011

Microlending not cool

In southern India, microfinance banks have been blamed for an epidemic of suicides among indebted farmers.
I remember the day three years ago when I decided I no longer wanted to be a part of the microfinance industry. I was standing in a one-room house in a small town in southern India, meeting a family that had taken out a microfinance loan. The mother and father were tired and nervous –

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