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At a time when the pendulum of public opinion on microfinance is swinging from exuberance to cynicism, Roodman’s balanced, evidence-based assessment is a timely and seminal contribution. This is an essential read for practitioners, promoters, and critics of microfinance.—Sir Fazle Abed, founder and chair, BRAC
Roodman is a remarkable scholar, equally at ease collecting information in the slums of Bangladesh as writing complex computer code, and Due Diligence is a very good book not just on microcredit but on development more generally.—Alex Tabarrok, Marginal Revolution
Due Diligence is the result of years of rigorous, fact-based analysis and deep thinking of the type microfinance sorely needs. Anyone interested in the future of financial inclusion should read Roodman’s work.—Carlos Danel Cendoya, cofounder, Compartamos Banco
Due Diligence is the microfinance book that grown-ups have been waiting for, as complex and fascinating as its subject. Roodman brushes away the slogans and the oversimplified dogmas to uncover microfinance’s long history and multifarious present. It’s required reading for anybody who seeks to engage seriously with the questions of whether and how microfinance works. And best of all, it’s a pleasure to read.—Felix Salmon, Reuters
Microfinance has more than its fair share of myths, both positive and negative. It’s a field in desperate need of cool, rational, and evidence-based analysis, and David Roodman has proved that he is singularly capable of providing it.—Tim Harford, author of The Undercover Economist and Adapt
David Roodman does the kind of analysis the research world needs more of: bringing together quantitative studies, qualitative studies, and historical context into a rich, holistic, hype-free picture. It’s not just the most thorough and balanced assessment of microfinance we’ve seen—it’s a case study in how to do thorough and balanced assessment.—Holden Karnofsky and Elie Hassenfeld, founders, GiveWell
This is a splendid book. It’s original and very smart. It’s an engaging read. Best of all, it displays a high order of intellectual honesty. None of this is any surprise to those of us who have followed Roodman’s microfinance blog, which is the only one I never delete before reading.—Richard Rosenberg, CGAP
Microcredit perhaps never deserved the uncritical kudos it received between 1997 and 2006. Nor does it deserve the vilification since. David Roodman’s is an important voice in looking at the field without prejudice. He comes up with several insights which will be useful for re-jigging the field.—Vijay Mahajan, Chairman, BASIX and chair of executive committee, CGAP
Due Diligence is a balanced, respectful, diagnostic effort to make microfinance a more powerful tool for social progress. For microfinance activists Roodman has written a page turner. Obligatory reading if you want to call yourself a microfinance leader.—Jonathan Lewis, founder and chair, MicroCredit Enterprises
This incredibly thorough and supremely careful public examination of microfinance is already part of the canon in the field. I don’t think anyone who hasn’t read Due Diligence can legitimately claim a serious interest in microfinance.—Timothy Ogden, cofounder and editor-in-chief, Philanthropy Action
The book is...less a product of genuine research and more a bought-and-paid-for, but yet sophisticated and subtle, piece of propaganda.—Milford Bateman, visiting professor, Department of Tourism and Economics, University of Juraj Dobrila at Pula, Croatia