num_pages: 275
description: The idea that small loans can help poor families build businesses and exit poverty has blossomed into a global movement. The concept has captured the public imagination drawn in billions of dollars reached millions of customers and garnered a Nobel Prize. Radical in its suggestion that the poor are creditworthy and conservative in its insistence on individual accountability the idea has expanded beyond credit into savings insurance and money transfers earning the name microfinance. But is it the boon so many think it is?Readers of David Roodman's openbook blog will immediately recognize his thorough straightforward and trenchant analysis. Due Diligence written entirely in public with input from readers probes the truth about microfinance to guide governments foundations investors and private citizens who support financial services for poor people. In particular it explains the need to deemphasize microcredit in favor of other financial services for the poor.
language: English
title: Due Diligence: An Impertinent Inquiry into Microfinance
publisher: None