Virtue of 'microfinance' turning to vice?

Amina Shah, a microfinance beneficiary, stitches a shirt as she waits for customers at her shop in a slum in Mumbai. The stories of the poor being empowered by affordable credit have been replaced by headlines about overextended borrowers being driven to suicide. Some lenders are contributing to a cycle of indebtedness and abuse, just like the loan sharks they were to replace. (Associated Press)

Amina Shah, a microfinance beneficiary, stitches a shirt as she waits for customers at her shop in a slum in Mumbai. The stories of the poor being empowered by affordable credit have been replaced by headlines about overextended borrowers being driven to suicide. Some lenders are contributing to a cycle of indebtedness and abuse, just like the loan sharks they were to replace. (Associated Press)

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