Rationally Speaking #136 - David Roodman on Why Microfinance Won't Cure Global Poverty
Rationally Speaking Podcast
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Is There a Lack of Effect on Micro-Finance?
The traditional narrative has been about people getting these loans, usually women, and starting some kind of micro-business. Sometimes people are using loans not to invest, at least not in the, in something that will produce raise their income within 18 months. Loans can be a way for people to discipline themselves against their own worst impulses or pressure from those around them to spend money on the less important thing.
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