Additional information, supporting documentation, and updates can be found on the website for Confessions of a Microfinance Heretic:

Chapter 1 Thou Shalt Not Criticize Microfinance

1. According to the 2011 Global Microcredit Summit, 205,314,500, of whom 153,306,542 are women. See

2. As calculated in Pricing Certification Report: Grameen Bank (Lancaster, Penn.: MFTransparency, 2011).

3. LAPO has rates reaching as high as 144 percent, as confirmed by independent institutions and rating reports, and Grameen Foundation USA is a principal investor.

4. Duvendack et al., What Is the Evidence of the Impact of Microfinance on the Well-Being of ...

Get Confessions of a Microfinance Heretic now with O’Reilly online learning.

O’Reilly members experience live online training, plus books, videos, and digital content from 200+ publishers.