I think "Microfinance is a scam" oversells the claim.
The truth is much closer to "Microfinance is payday loans". To the extent that you believe payday loans can help the poor in the developed world, microfinance can also help the poor in the developing world.
The truth is much closer to "Microfinance is payday loans". To the extent that you believe payday loans can help the poor in the developed world, microfinance can also help the poor in the developing world.