The portfolios of the poor -- The daily grind -- Dealing with risk -- Building blocks : creating usefully large sums -- The price of money -- Rethinking microfinance : the Grameen II diaries -- Better portfolios

The Grameen Bank of Bangladesh has been in the vanguard of the microfinance movement, showing the potential to alleviate poverty by providing credit to poor households. Part of this success has been built on subsidies. The evidence helps to explain why institutions like Grameen have not just...