‘Confessions of a microfinance heretic’

July 24, 2012
Ankur Sohanpal

This book about the inside mechanisms of the microfinance world is attaining a high level of publicity. It talks about how several MFIs across the world charge as much as 100 per cent interest thereby pushing people helplessly into debt. Without proper guidance, these loans end up financing consumer purchases rather than starting new enterprises. Read more here. Another review has dubbed this as the wolf guarding the sheep – read more here. And finally, here is David Roodman’s take on the book. Read more here.



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