what microloans miss, the business in the middle

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From the New Yorker

“The cult of the entrepreneur that the microfinance boom has helped foster is understandably appealing. But thinking that everyone is, and should be, an entrepreneur leads us to underrate the virtues of larger businesses and of the income that a steady job can provide.”

via Ethan – thank you!

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Filed under microfinance, philanthropy

Tags: development, entrepreneur, microfinance, microlending