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Podcast: QAA Podcast
Episode: Trickle Down Episode 10: Little Loans (Sample)
Description: In the 1970s a new method of helping the poorest people in the world emerged: microlending. The idea is to give the very poorest people, those who live on less than two dollars per day, very small loans they can use to start businesses and serve their community. Thanks to the power of success stories and anecdotes of those helped by microlending, the idea caught on with philanthropists and governments in the west. The concept enjoyed the full throated endorsement of the Clintons, The Nobel Committee, the United Nations, and experts working in global development. But a dark side of...