The for-profit microfinance debate
In which Matthew Bishop of the Economist schools me on the benefits of for-profit microfinance. For background, start with my post on why you shouldn’t invest in microfinance, and then my more recent post on what’s going on in Andhra Pradesh. Then check out Matthew’s post defending for-profit microfinance, my reply to Matthew, and — if you want more still — his reply to my reply. Matthew hasn’t succeeded in changing my mind, but he does give the best argument against my position that I’ve heard.