When microfinance-provision of financial services tailored to fit the needs of low income people – made its first appearance, everyone was infatuated by its narrative.

A microfinance organization and community development bank started in Bangladesh that makes small loans (known as microcredit or "grameencredit" to the impoverished without requiring collateral.

By celebrating self-help and individual entrepreneurship, and by implicitly discrediting all forms of collective effort, such as trade unions, social movements, cooperatives, public spending, a pro-po...

Qazi's article outlines how poorly designed microfinance initiatives harm rather than help low income borrowers.

Microcredit is nothing more than a socially validated way for financial elites to exploit the poor.