Rationally Speaking #136 - David Roodman on Why Microfinance Won't Cure Global Poverty
Rationally Speaking Podcast
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What Is Microfinance?
David Frum: Microfinance has been one of the approaches to helping poor people in developing countries. He says Muhammad Yunus, who would win a Nobel Prize about 30 years later for his work, discovered that he could make loans of a few dollars to very poor people and they would pay back. Frum: The initial excitement in our era began in the late 1970s, coming out of some pilot projects providing loans to poor people,. most famously in Bangladesh.
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