The Boston Globe quotes CGD research fellow David Roodman on microcredit.
From the article:
"Even among some of microcredit’s more passionate proponents, however, there has been a ratcheting down of the rhetoric in recent years. What microcredit may do, they argue, is not transform lives, but simply ameliorate them, giving poor people a more affordable source for credit, and one that, unlike some moneylenders, will not resort to physical violence if someone can’t repay.
“The picture that emerges is not of people climbing out of poverty through microenterprise, but people doing what they need to to get by,” says David Roodman, a microcredit expert at the Center for Global Development."
Read the article
