microfinance

Microlending Isn't All It's Cracked Up to Be

Hamilton Nolan · 01/22/15 03:50PM

Not long ago, "microlending" was the world's hottest poverty-fighting tactic—the UN even declared 2005 to be the "International Year of Microcredit." Now, a barrage of new studies say that microcredit isn't as great as everyone thought it was.