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International development experts share their ideas on how wealthy countries can promote prosperity in developing countries. Follow at

Nov 30, 2010

A crisis is unfolding in India's microcredit sector that-- beyond its immediate effects on borrowers and lenders-- will greatly affect the future of financial services for the poor. I'm joined by David Roodman, senior fellow here at the Center for Global Development and author of the forthcoming book Due Diligence: A Guide to Microfinance (which he has shared step by step on his Open Book Blog). David recently travelled to Andhra Pradesh, the epicenter of the crisis. On the Wonkcast, he leads me through the story of the explosive growth of Indian microcredit-- and its sudden fall from grace.

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