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The Movers vs. The Shakers: The Microfinance Debate

The Movers vs. The Shakers: The Microfinance Debate

In the noisy echo chamber of the development community, there are a lot of arguments for (emphatically) and for (tentatively) microfinance as a tool of poverty.  The debate surrounds a series of experimental studies questioning the impact of microfinance in achieving its stated goals – specifically, empowerment of women and poverty alleviation.  The participants are the critics and the practitioners.  The practitioners tend to dismiss the critics as having blind faith in statistics and either ignoring or being ignorant to…

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