When Microfinance Fails | Big Think

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When Microfinance Fails New videos DAILY: https://bigth.ink/youtube Join Big Think Edge for exclusive videos: https://bigth.ink/Edge ---------------------------------------------------------------------------------- Though hailed as the “panacea” for the developing world, microfinance is dependent on a particular set of preconditions for its success. When regions lack these starting points, the system is only compounding the problems of the impoverished. ---------------------------------------------------------------------------------- Dr. Josh Ruxin: Dr. Josh Ruxin is an Assistant Clinical Professor of Public Health at the Mailman School of Public Health at Columbia University and Founder of Rwanda Works. Dr. Ruxin's work focuses on comprehensive approaches to fighting poverty with emphasis on scaling up national health programs and investing in Rwanda’s private sector. He is based in Rwanda where he directs several initiatives including Rwanda Works and the Millennium Village Project. ---------------------------------------------------------------------------------- TRANSCRIPT: Question: Do microfinance loans work in Rwanda and other developing African countries? Josh Ruxin: So micro finance for the last decade and a half or so has really been held as the panacea for the poor. And the fact is that, especially in areas like Southeast Asia, in particular, micro finance has helped hundreds of millions of people climb out of poverty. They have not necessarily gone from

Published 2012-04-24 · Watch on YouTube ↗
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