Share 'Is Microfinance a Hack? I Beg to Differ'

The recent crisis in Andhra Pradesh, India triggered a rigorous debate about the merits and viability of microfinance as a tool for poverty alleviation. Stories of over-indebted borrowers committing suicide and microfinance institutions charging exorbitant, sky-high interest rates are rampant in the media. Looking at the facts and studying the alternatives, I believe the skepticism surrounding mi…