In Pursuit of Development cover image

Using Evidence to Drive Policy and Achieve Lasting Development Impact — Rachel Glennerster

In Pursuit of Development

00:00

The Importance of Microfinance Microcredit

I think we're back to this generalizability problem that certain things work. For most people, for most people, they didn't have any access to formal finance. And a lot of them, even with the option of microcredit, continue to want to borrow from money lenders. So I'm not saying it bad. It's just not transformative. The potentially transformative bit is if you can get credit to those really entrepreneurial people. Not everybody should be an entrepreneur. We got to find those people. Some of the more successful programs have given very large amounts of money to a very small number of people. But there's two different routes. One is making sure everybody has some ability to borrow

Play episode from 31:11
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app