Microfinance: Small-scale Neoliberalism?
Submitted on January 22, 2012
Controversial guest speaker at Saint Mary's says small loans to entrepreneurs in the developing world do more harm than good
It’s been 36 years since Bangladeshi economist Muhammad Yunus started giving startup business loans to some of his country’s poorest would-be entrepreneurs.
Since then microfinance has become a darling of the international development community, credited with lifting thousands out of poverty and earning Yunus the Nobel Peace Prize in 2006.
