Learning from Microfinance's Woes
Harvard Business Review
FEBRUARY 27, 2012
A few weeks ago, I attended a lecture about microfinance, and got sucker-punched. Expecting to hear a litany of pros and cons about the business, and an exploration of good and bad models, I was instead greeted with a knockout punch: Microfinance doesn't work, at least not in the way we think it does. That's nice.
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