Podcst

How Microfinance Failed the World's Poor

The Journal.

The Wall Street Journal & Spotify Studios

July 14, 2026

Show Notes

Microfinance was once hailed as a miracle cure for global poverty, promising to empower the world's most vulnerable with small business loans. But in countries like Cambodia, the industry has devolved into a cycle of predatory debt that is leaving families struggling. WSJ’s Gabriele Steinhauser explains why this once-celebrated solution has failed so many. Jessica Mendoza hosts.

Further Listening:


- WhySweden Embraced Capitalism

- IsJane Goodall Fighting a Losing Battle?

Sign up for WSJ’s free What’s News newsletter.

Learn more about your ad choices. Visit megaphone.fm/adchoices

How Microfinance Failed the World's Poor — Podcst