The Journal.

How Microfinance Failed the World's Poor

July 14 · 24 min
0:00-24:36

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Microfinance was once hailed as a miracle cure for global poverty, promising to empower the world's most vulnerable with small business loans. But in countries like Cambodia, the industry has devolved into a cycle of predatory debt that is leaving families struggling. WSJ’s Gabriele Steinhauser explains why this once-celebrated solution has failed so many. Jessica Mendoza hosts.

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