Realpolitik for Microcredit in Developing Countries

Subira Abdi (right), 38, has a micro finance project, and also has a hairdresser shop in Mzumbe, Tanzania. Photograph by Andrea Kuenzig/laif/Redux

Amid the more than 11,000 bills and resolutions languishing before a do-nothing Congress, one recently caught my eye for its potential to appeal to both sides of the aisle. The Microenterprise Empowerment and Job Creation Act of 2011 is meant to help entrepreneurs in developing countries running tiny businesses that have limited access to credit. Introduced by Representative Christopher Smith (R-N.J.) with 20 Democratic co-sponsors, the bill has languished in committee for a year.

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