Microfinance was meant to help the world’s poorest, but critics say it leaves many drowning in debt
Microfinance was meant to help the world’s poorest, but critics say it leaves many drowning in debt

Microfinance was meant to help the world’s poorest, but critics say it leaves many drowning in debt

Maria Nsue

25 min
News
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Description

Microfinance is a loan system that offers small business loans to people who can’t secure them elsewhere. It was conceived as a liberating financial tool for the world's poor — but some say it can be a source of abuse. We talk to Naly Pilorge, deputy director of the Cambodian League for the Promotion and Defense of Human Rights; Sohini Kar, an associate professor of international development at the London School of Economics; and Timothy Ogden, managing director of the Financial Access Initiative at New York University.

Microfinance was meant to help the world’s poorest, but critics say it leaves many drowning in debt - Listen Free | WowFM