Global Microcredit Has Great Potential

David Leonhardt (congrats David!) from the NYTimes.com has a conversation with Dean Karlan and Jacob Appel, co-authors of a new book, "More Than Good Intentions."

First question:

You write that microcredit — small loans to poor people — “has generated more enthusiasm and support than perhaps any other development tool in history.” You agree that microcredit has great potential, but you also suggest that it’s been oversold. What’s known at this point about how it does, and does not, improve people’s lives?

Read more here.