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Microloans Don’t Solve Poverty

But research might reveal what will.

(snip)

Karlan went on to found Innovations for Poverty Action, a nonprofit organization that works with researchers to conduct studies that measure the impact of global anti-poverty programs. IPA is now working with organizations, including the microlender Kiva, to help them find ways to make their programs more effective.

“The goal here is to be more effective, and that does mean recognizing that not everything is going to work,” Karlan said. But he said IPA’s message is ultimately a hopeful one: “We try to be really clear that there are things that do work.”

Full post –Microloans Don’t Solve Poverty