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Microfinance:
A Critical Examination of Its Role in Development
with
moderated by
Doré Commons
James A. Baker III Hall, Rice University
Microfinance, the extension of financial services to the poor, has been widely hailed as the "movement
that can put poverty in a museum." Critics, however, deride it as modern usury and argue that it is
profiting off the backs of the destitute. The verdict is still out. Should credit be focused on women?
Does the social pressure of lending tear communities apart? Is there any actual empirical benefit from
microfinance? Pivoting off the words of 2010 Rice University commencement speaker and Nobel Prize
winner Muhammad Yunus, we invite you to join our distinguished panelists for dinner and a spirited
discussion about an idea that could revolutionize the lives of more than two billion people.