Feature Video

Why Borrowers Don't Always go for the Best Loan

By David Lepeska on 17 June 2009

 

The poor regularly approach different kinds of lenders for loans that fit different terms, values, and repayment structures, says Jonathan Morduch, a New York University economics professor who co-authored "Portfolios of the Poor," a book published in early 2009, with Stuart Rutherford, Daryl Collins and Orlanda Ruthven. The implications for microfinance initiatives are complex.

 

View more of our interview with Jonathan Morduch.

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David Lepeska
David Lepeska 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, before starting his fellowship with Devex in Washignton, D.C., in October 2007. He served as Devex's Asia correspondent in 2008 before relocating to New York City, where he continues to freelance for Devex. David holds a bachelor's in journalism and international studies from Brooklyn College and regularly contributes to the Economist, among other publications.

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