Tag Archives: microcredit

A Partial Marvel: Microcredit may not work wonders but it does help the entrepreneurial poor

The Economist; 18 July 2009. Has microcredit delivered on its promise to lift borrowers out of poverty? Academics have had a hard time finding evidence to answer this question. Part of the challenge of studying the impact of microcredit is selection bias. A scientific survey requires that you compare those who get a microcredit loan with a control group of similar people facing the exact same economic hardships and external market constraints. Microcredit loans may … Continue reading

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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

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Book Review: Creating a World Without Poverty

Book by Muhammad Yunus. Reviewed by Barbara Merz. Creating a World Without Poverty could easily have been a retrospective. After all, its author has plenty to reflect upon. Instead, the book is unmistakably forward-looking. This book presents a compelling vision for the future of capitalism. It envisions a market where social businesses emerge to address social issues. Muhammad Yunus could have rested on his laurels when he was awarded the Nobel Peace Prize in 2006. … Continue reading

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