Microcredit: the Good, the Bad, and the Ugly by David Korten

Microcredit: the Good, the Bad, and the Ugly by David Korten: "Once praised as a universal panacea, microlenders are now being widely attacked as predatory loan sharks. In December 2010, Sheik Hasina Wazed, the prime minister of Bangladesh and former microcredit advocate, accused microcredit programs of “sucking blood from the poor in the name of poverty alleviation.”What happened?It turns out