@atommorgan Not a question of whether most fail. Question of whether they have, on avg, positive effect on borrowers' income.
Most biz fail. Why would ones funded by microloans be any different? | Microloans Don’t Solve Poverty http://53eig.ht/1XWjRLI @bencasselman
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@bencasselman Which to me would be very closely related to the success of their business, no? -
@atommorgan Sure, but we're talking avg effects here, which we'd hope would be positive. And this was pitched as way to address poverty. -
@bencasselman Curious, would you say this has any implication for universal basic income? -
@atommorgan No? The evidence I've seen suggests that direct grants (not loans) have much large impacts.
End of conversation
New conversation -
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