21
May
What Is Microfinance Supposed to Do?
Everyone loves microfinance. The Wall Street Journal editorial page is super enthusiastic, but so is the World Bank, so are all those private equity kids who now want to do politically progressive 'venture philanthropy' with their gazillions, and so is Natalie Portman, peering winsomly from the cover of the NYT Magazine a couple of months ago. Muhammad Yunus...