Economy: Economic News, Policy & Analysis - The Washington Post: Microcredit doesn’t end poverty, despite all the hype

Economy: Economic News, Policy & Analysis - The Washington Post
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Microcredit doesn't end poverty, despite all the hype
Mar 10th 2012, 22:37

The idea has a wonderfully simple and powerful appeal: Give a tiny loan to a poor person in a poor nation. Watch her start a small business — whether hawking tomatoes or fattening goats — that puts her and her family on the first rung of a ladder that will elevate them out of poverty and into the middle class. Repeat across the planet.

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