Microcredit is losing its halo in many developing countries. Microcredit was once extolled by world leaders like Bill Clinton and Tony Blairas a powerful tool that could help eliminate poverty, through loans as small as $50 to cowherds, basket weavers and other poor people for starting or expanding businesses. But now microloans have prompted political hostility in Bangladesh, [...]

Yesterday, I attended a book signing and speech given by Mark Lutz, the Senior VP of Opportunity International, a major Christian-based microfinance group.  The book, UnPoverty, tells the story of Opportunity International, its 50,000 borrowers and 50,000 lives changed. Poor do not have access to capital, or an address, ID, or proof of idenity.  How [...]