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.
Fabio de Masi is a former member of the German Bundestag for Die Linke representing Hamburg St Pauli. Until 2017 he was a member of the European Parliament.
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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