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Tuesday, October 31, 2006 12:00 AM

The difference between calves and cows

Microfinance's creator won a Nobel Prize. But does it work?
Andrew Leonard

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  • Tuesday, October 31, 2006 05:11 PM

    Interesting

    There is a substantial body of research that shows non-profit micro-finance works. It'e the for profit micro-finance that does not work. The two things are absolutely separate, and this badly designed studies conflates them.

    Off the cuff, the study is titled "Microfinance as Business," which suggests that it's regarding for-profit enterprise.

    —Pyrian Read Pyrian's other letters

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