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For readers of Matthew Desmond, Katherine Boo, and Anand Giridharadas comes a deeply reported work of journalism that explores the promise and peril of global microfinance, told through the eyes of those who work in microfinance and women borrowers in Sierra Leone, West Africa.
In 2005, pop star Bono proclaimed, "Give a man a fish, he'll eat for a day. Give a woman microcredit, she, her husband, her children and her extended family will eat for a lifetime." By the mid-2000s, it had become international development dogma that microfinance--very small, high-interest loans--was the way to end poverty. The UN had dubbed 2005 the year of microcredit. A year later, when Muhammad Yunus won the Nobel Peace Prize for his work on microfinance, he proclaimed that tiny loans would "put poverty in museums."
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For readers of Matthew Desmond, Katherine Boo, and Anand Giridharadas comes a deeply reported work of journalism that explores the promise and peril of global microfinance, told through the eyes of those who work in microfinance and women borrowers in Sierra Leone, West Africa.
In 2005, pop star Bono proclaimed, "Give a man a fish, he'll eat for a day. Give a woman microcredit, she, her husband, her children and her extended family will eat for a lifetime." By the mid-2000s, it had become international development dogma that microfinance--very small, high-interest loans--was the way to end poverty. The UN had dubbed 2005 the year of microcredit. A year later, when Muhammad Yunus won the Nobel Peace Prize for his work on microfinance, he proclaimed that tiny loans would "put poverty in museums."
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