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What Do I Think of Microfinance? Pt. 2

What Do I Think of Microfinance? Pt. 2

This is part two of a two-part post on microfinance.  Part one can be read here In the last post, I gave a rundown of the mechanics of microfinance and explained the criticism of high interest rates.  Another criticism came from development economists like Dean Karlan, founder of Innovations for Poverty Action and pioneer in the utilization of randomized controlled trials for determining the efficacy of development interventions, and Jonathan Morduch, who, in his seminal book, Portfolios of the Poor,…

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