It *Is* Micro Usury

By on 10/15/2010 in Uncategorized

My new friend Ananya Roy was on DemocracyNow! yesterday, talking about the links between microfinance, sub-prime lending, the recent news of farmer suicides assisted by microcredit lenders, and the transformation of poverty into global big business.
Her latest book, Poverty Capital, is fantastic. I’m learning not just about the ambiguities of microfinance, but about the organisations that promote it. For instance: the largest microfinance lender and urban developer in the Middle East? Hezbollah. Find out more here.