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Microfinance: How it Lost Its Way and Betrayed the Poor


Photo by (cc) Flickr user KALYAN.

Microfinance was supposed to bring upward mobility to millions of people.  Kiva and other organizations have let millions of people lend money to struggling entrepreneurs.  But a new blockbuster book by a former industry insider is exposing the dark side of the micro-lending world.  In a special co-production with KALW radio, Hugh Sinclair, the author of Confessions of a Microfinance Heretic, tells the story of how he learned the dirty truths behind the banking sector that’s creeping across the developing world.

Special thanks to KALW Radio.


Hugh Sinclair, Confessions of a Microfinance Heretic : How Micro-lending Lost Its Way and Betrayed the Poor author; Rose Aguilar, KALW radio host; Josephine Abiza, microloan recipient


Full length, unedited conversation between Hugh Sinclair and Rose Aguilar

For More Information:

Confessions of a Mocrofinance Heretic Book
Confessions of a Microfinance Heretic Blog
Muhammed Yunus
Candid Unheard Voice of Indian Microfinance
Microenterprise Access to Banking Services (MABS)
Berkeley Arts and Letters
KALW’s Your Call with Rose Aguilar

Videos, articles, etc:

A Response from CFI at ACCION to Hugh Sinclair’s blog post
Microfinance Success Story: Josephine Abiza
Beyond Good Intentions book by Tori Hogan
Due Diligence: An Impertinent Inquiry into Microfinance Book by David Roodman


Aloe Blacc, “I Need A Dollar”
Junior Mafia, “Get Money”



Author: IreneFlorez

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