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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.
To be sure, for some people the best route out of poverty will be a bank loan. But for most it’s going to be something much simpler: a regular paycheck.
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What Microloans Miss: Financial Page: The New Yorker
Interesting perspective on Kiva, et al. My take is that there are many, many lessons (economically, strategically, socially, and emotionally) to be learned from microfinance…particularly in creative applications of the same concept (granular fund raising).
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