Microfinance loans, embraced as a way to lift millions out of poverty, are pushing some deeper into debt

The World

Microfinance was hailed as a way to change the lives of hundreds of millions of people without access to credit. It worked so well that Grameen Bank founder Muhammad Yunus was awarded a Nobel Prize. But then, banks jumped in to get in on the profits. Hannah Hett reports that in Cambodia, borrowers are now drowning in debt and being forced off their land.

Less than .05% of listeners will donate. Can we count on you?

Our coverage reaches millions each week, but only a small fraction of listeners contribute to sustain our program. We still need 224 more people to donate $100 or $10/monthly to unlock our $67,000 match. Will you help us get there today?