How Helpful Are Microloans?
Interesting New Yorker article on the current microfinance vogue. Sites like Kiva are unquestionably great, but I wonder if they’re maybe missing an ingredient?
“What poor countries need most, then, is not more microbusinesses. They need more small-to-medium-sized enterprises, the kind that are bigger than a fruit stand but smaller than a Fortune 1000 corporation.”
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