The Other Side of "Microcredit"
http://thekojonnamdishow.org/shows/2010-12-01/other-side-microcredit
Guest Host:
Diane Vogel
The trend toward microcredit, or lending very small sums to help people in impoverished countries build businesses, has been celebrated as a free-market solution to poverty. But recent scandals in India are drawing comparisons to the sub-prime mortgages behind the financial collapse in the United States. We explore what's happening in India and what it means for the future of micro-credit.
Guests
David Roodman
Research Fellow, Center for Global Development; Project Manager, Commitment to Development Index
Sam Daley-Harris
Director of the Microcredit Summit Campaign; also Founder and President of RESULTS Educational Fund
Comments
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I missed hearing Sam Daley Harris of RESULTS on the show at 1 PM, probably because I signed in late. It would be a good thing to hear and share with other advocacy groups. Please advise.
I am grateful to both guests for making such clear distinctions to explain the state of microfinance and its "problems in India". I recommend that anyone interested in the subject read the two latest books by Nobel laureate Muhammad Yunus about what he calls "Social Business". The book titles are "Creating a World without Poverty" and "Building Social Business".
I am grateful to both guests for making such clear distinctions to explain the state of microfinance and its "problems in India". I recommend that anyone interested in the subject read the two latest books by Nobel laureate Muhammad Yunus about what he calls "Social Business". The book titles are "Creating a World without Poverty" and "Building Social Business".
I am grateful to both guests for making such clear distinctions to explain the state of microfinance and its "problems in India". I recommend that anyone interested in the subject read the two latest books by Nobel laureate Muhammad Yunus about what he calls "Social Business". The book titles are "Creating a World without Poverty" and "Building Social Business".