Fintech and Microfinance Are Preying on the Global Poor
Microfinance and fintech have been sold as innovative solutions to poverty in the Global South. But for the most part, they’ve just enriched wealthy investors at the poor’s expense.
Wouter van de Klippe is a freelance journalist and writer based in Europe. He is particularly interested in organized labor, social and environmental justice, and social welfare states.
Microfinance and fintech have been sold as innovative solutions to poverty in the Global South. But for the most part, they’ve just enriched wealthy investors at the poor’s expense.
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