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Episode details

World Service,15 Jun 2011,18 mins

Microfinance for profit

Business Daily

Available for over a year

The founder of the commercial microfinance lender SKS defends his business. Vikram Akula argues that the profit-making model allows for lending to many more poor people than a not-for-profit model. He rejects criticisms from the godfather of microfinance Muhammed Yunus who said SKS and other lenders has 'misused and abused' the original concept. Plus, the BBC's Philip Hampsheir reports from Cairo on what is holding back Egypt's economy. And the Irish writer and comedian Colm O'Regan paints a wry and quirky picture of Ireland's view of the IMF.

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