Having volunteered for a few years overseas educating in this industry this is somewhat a true title but not a great write up. Microfinance does includes banki

Having volunteered for a few years overseas educating in this industry this is somewhat a true title but not a great write up. Microfinance does includes banking, remittance and insurance and other things microfinance. But most people think it's loans. So ok. The scam is it's fully self sufficient now anyway and kinda always has been. Doesn't need charity. Some Government oversight however helped I think. You can study the numbers on a few experiments governments preformed. I take issue with this bit "that the people around her who had previously done what she now does have been pushed out of business" This is exactly what you want. Innovation. What I saw however was people just exactly copying local business. Another market stall which just reduced everyone's wages. The author also doesn't seem to get TVs make a big difference to the poor both in happyness and reducing poverty. But perhaps microfinance doesn't help getting TVs. Lot more that could be said.