Confessions of a Microfinance Heretic How Microlending Lost Its Way and Betrayed the Poor |
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| Author:
| Sinclair, Hugh |
| Foreword by:
| Korten, David C. |
| ISBN: | 978-1-60994-520-6 |
| Publication Date: | Jul 2012 |
| Publisher: | Berrett-Koehler Publishers, Incorporated
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| Book Format: | Ebook |
| List Price: | USD $2.99 |
Book Description:
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A microfinance Industry insider offers a shocking account of corruption and betrayal of the poor by an industry supposedly dedicated to doing good. Hugh SInclair is one of the rare field workers who has seen microloans at ground level; he concludes that predatory lending and profit pressure are causing most microloans to do far more harm than good. This is the sad tale of a good idea gone horribly bad.
A microfinance Industry insider offers a shocking account of corruption and betrayal of the poor by an industry supposedly dedicated to doing good. Hugh SInclair is one of the rare field workers who has seen microloans at ground level; he concludes that predatory lending and profit pressure are causing most microloans to do far more harm than good. This is the sad tale of a good idea gone horribly bad.