Microlending not cool

In southern India, microfinance banks have been blamed for an epidemic of suicides among indebted farmers.

Why the Dream of Microfinance is Turning Sour

www.commondreams.org

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 –