How Microfinance Failed the World's Poor
Wall Street Journal
— · 24min
Microfinance was once hailed as a miracle cure for global poverty, promising to empower the world's most vulnerable with small business loans.
But in countries like Cambodia, the industry has devolved into a cycle of predatory debt that is leaving families struggling.
WSJ’s Gabriele Steinhauser explains why this once-celebrated solution has failed so many.
Jessica Mendoza hosts.
Further Listening:
- Why Sweden Embraced Capitalism
- Is Jane Goodall Fighting a Losing Battle?
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