Reflections on Poverty Capital. Poverty Capital: Microfinance and the Making of Development. Poverty Capital - Microfinance and the Making of Development. Why Doesn't Microfinance Work? Since its emergence in the 1970s, microfinance has risen to become one of the most high-profile policies to address poverty in developing and transition countries.
It is beloved of rock stars, movie stars, royalty, high-profile politicians and ‘troubleshooting’ economists. In this provocative and controversial analysis, Milford Bateman reveals that microfinance doesn’t actually work.