How Microfinance Failed the World's Poor

Microfinance was once hailed as a miracle cure for global poverty (wsj.com/finance/banking/poverty-microfinancing…), 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 (wsj.com/news/author/gabriele-steinhauser?mod=W…) explains why this once-celebrated solution has failed so many. Jessica Mendoza (wsj.com/news/author/jessica-mendoza?mod=WSJ_TJ…) hosts.

Further Listening:

- Why Sweden Embraced Capitalism (open.spotify.com/episode/1Pp1rKpOS9yktF1mXYfmD…)

- Is Jane Goodall Fighting a Losing Battle? (open.spotify.com/episode/00Nfb7CyPli1Xz0wt060w…)

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