Episode
How Microfinance Failed the World's Poor
- Podcast
- The Journal.
- Published
- Jul 14, 2026
- Duration seconds
- 1476
- Processing state
not_requested- Canonical source
- https://pdst.fm/e/traffic.megaphone.fm/WSJ3172361350.mp3
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Summary
Microfinance was once hailed as a miracle cure for global poverty, promising to empower the world's most vulnerable with small business loans. But in countries like Cambodia, the industry has devolved into a cycle of predatory debt that is leaving families struggling. WSJ’s Gabriele Steinhauser explains why this once-celebrated solution has failed so many. Jessica Mendoza hosts. Further Listening: - Why Sweden Embraced Capitalism - Is Jane Goodall Fighting a Losing Battle? Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices