In rural areas, a successful microfinance business model is hard to pin down, says New York University economics professor and microfinance expert Jonathan Morduch. Mobile banking may offer the best solutions on issues such as transaction costs and rural staffing, he notes.
View more of our interview with Jonathan Morduch.
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About the author
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.
