Microfinance: Boon or bane?

Editor's note: In July 2007, I arranged an online debate on FT.com (Financial Times) between microfinance expert Eric Thurman, co-author of A Billion Bootstraps: Microcredit, Barefoot Banking, and the Business Solution for Ending Poverty, and Professor Aneel Karnani of the University of Michigan. This was a lively polemic between two humanitarians with opposing views on the efficacy of microcredit (or microfinance as it is also known) - and the best ways to reduce poverty in the developing world. It was important enough to earn another posting here on Enrichment.com. It is posted here in "Breakthrough News" - as well as in our "Cross-Pollinate" section - and again in our "Humanitarian Issues" section. - Mike Schwager, Editor-in-Chief, Enrichment.com. Read more...