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You are describing your "gut feeling", but allegedly micro-lending has been proven to work in theory and practice by actual economists. On the other hand I am

• ClintEhrlich 11y ago
  That's a fair point. But my view is informed by my (limited) review of the scholarly literature on microfinance. I was impressed by the economist David Roodman, who has done a lot of work on how the actual empirical evidence suggests that micro-loans are not effective at relieving poverty.