Tyler Cowen, in his August 10 article for The New York Times, examined the success of microfinance in helping the poor through the MIT-supported Poverty Action Lab’s research on Spandana, an Indian microfinance institution. Mr. Cowen concluded that “microfinance is working, but it is often more corporate, more commercial and under more attack than I had expected.” Excerpts from “Microloans May Work, but There Is Dispute in India Over Who Will Make Them” are below:
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