Acton Institute Powerblog Archives

Post Tagged 'micro-loans'

Microfinance Challenged

PowerBlog has in the past endorsed the concept of micro-loans as a market-friendly and thereby effective way of aiding the poor, especially in developing countries. Now Arneel Karnani has attacked microfinance in a prestigious publication, largely on the basis of macroeconomic data. Continue Reading...

Kristof on Kiva

Today’s NYT has an op-ed by Nicholas Kristof recommending the work of micro-finance organizations, like Kiva, whom we’ve mentioned before. Kristof writes in “You, Too, Can Be a Banker to the Poor” (TimesSelect) that “Small loans to entrepreneurs are now widely recognized as an important tool against poverty.” Continue Reading...