Microcredit the dangerous

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The September issue of Harvard Business Review reminds companies why not to treat microcredit as a foolproof poverty solution:

From a humanitarian perspective, donating to ineffective microcredit programs slows the growth and threatens the sustainability of the best programs. From a corporate public relations perspective, companies that make low-value or even harmful microcredit investments risk being attacked for unsubstantiated claims about the impact of their CSR activities. [And] now they may get bad press for "poverty washing."

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