Jonathan Morduch: Credit Is Not a Right

Is credit a human right? Muhammad Yunus, the most visible leader of a global movement to provide microcredit to world's poor, says it should be. NYU's John Gershman and FAI's Jonathan Morduch disagree. In their new paper, Credit is Not a Right [http://financialaccess.org/sites/default/files/RFN15_Credit_Is_Not_a_Right.pdf]­, they ask whether a rights-based approach to microcredit will in fact be effective in making quality, affordable credit more available to poor families -- and, more importantly, whether it is a constructive step in terms of the broader goal of global poverty reduction. Jonathan Morduch argues his case in this video.

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Nonprofits & Activism

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