Feature Video

Why Borrowers Don't Always go for the Best Loan

By David Lepeska on 17 June 2009

 

The poor regularly approach different kinds of lenders for loans that fit different terms, values, and repayment structures, says Jonathan Morduch, a New York University economics professor who co-authored "Portfolios of the Poor," a book published in early 2009, with Stuart Rutherford, Daryl Collins and Orlanda Ruthven. The implications for microfinance initiatives are complex.

 

View more of our interview with Jonathan Morduch.

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David Lepeska
David has served as U.N. correspondent for the newswire UPI and reported for several major newspapers, including the New York Daily News and Newsday. He was chief correspondent for the Kashmir Observer in Srinagar, India, and regularly contributes to the Economist, among other publications. Since 2007, David has reported for Devex News from Washington, New York, as well as South Asia.

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