1 Four answers to the question: Does microfinance work?

That, in a nutshell, was the question posed to a panel of microfinance experts at a Seattle forum earlier this week, sponsored by Global Washington and aimed at examining “The global implications of India’s microcredit crisis.” The answer: Yes and no. Of course. It’s actually an important, if impudent sounding,…

0 Has India jinxed microfinance?

The anti-poverty scheme known as microfinance is in crisis, or maybe several crises. The political sacking of Muhammad Yunus as head of the pioneering Grameen Bank, allegations of loan-shark profiteering by some microfinanciers and suicides of poor people caught in “debt traps” have led to a drumbeat of negative media…