Tag Archives: debt trap

Does Microlending Really Help the Poor?

The BBC World Service; radio broadcast; 29 July 2009. To listen to the voices of borrowers, lenders, and regulators engaged in microcredit BBC radio reporter Jo Fidgen goes to the streets in Zambia. She uncovers the “debt trap” into which some Zambian borrowers have fallen. According to one microcredit borrower who runs a sewing shop: “After I pay off the interest on my loan every month, there is no money left to invest in my … Continue reading

Posted in Issue 4: Spring 2009 | Tagged , , , , , , , | Comments Off