January 25, 2011
BBC World News America featured an interview with senior fellow David Roodman on the perils of microcredit.
From the Article:
David Roodman from the Center for Global Development talks to Matt Frei about the perils of microcredit.
This micro financing strategy is a tool that gives small loans to society's poorest women to start their own businesses. Despite being hailed as a solution to world poverty in recent years, it has only served to dig some of India's poorest deeper into debt.
Roodman compares microcredit to a drug that is only effective when taken in moderation.