Listen here, or download the 20 MB mp3 file.
Microfinance, the extension of small loans to entrepreneurs too poor to qualify for traditional bank loans, has proved to be an effective strategy for raising millions of families from poverty worldwide. Nobel Laureate Muhammad Yunus, who pioneered the microloan revolution in Bangladesh, explains in this audio lecture how he saw rural poor and women struggle against deeply institutionalized economic systems, and realized the massive change that small loans could provide.
For households facing financial volatility, the wrong kind of credit can drag them under. But it can also be a tool for building stability. How can we make loans for big-ticket items like vehicles both good for people and good for business?
The financial services industry is at the beginning of a wave of innovation that has the potential to improve consumer financial health.
Policies aimed at generating long-term financial security have become irrelevant to many American households. We need new policies to shore up households in the short term.
Housing programs and policies implicitly assume households have stable incomes. Here’s some ways to change them.
Welfare reform to encourage work doesn’t take into account how unstable jobs have become, especially for the poorest.