Listen " Episode 45: Repeated Interactions Between Microfinance Lenders And Borrowers Can Elevate Outcomes"
Episode Synopsis
Professor Laura Doering is perhaps best known for her pioneering work on microfinance in low-income countries, including India, Colombia, and Kenya. Overall, her findings raise fundamental questions about whether systems designed for high-income countries can work in places where entrepreneurship is a matter of necessity. The ways in which organizations compel repeated interactions shapes the relationships that people develop, and the outcomes that they achieve. Sometimes these outcomes are what the organization seeks, but sometimes not. Laura emphasized that these need to be thought through comprehensively for economic systems to work in ways that are sustainable. In their conversation, Anita and Laura identify how economic sociology is reshaping our understanding of economic systems quite broadly.
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