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12. Muhammad Yunus and Alan Jolis, Banker to the Poor: Micro-Lending and the Battle Against World Poverty (New York, NY: Public Affairs, 1999), p. 58. 13. Kate Maclean, “Microfinance and the ‘Woman’ Question,” Seduced and Betrayed, 2017, p. 257. 14. Philip Mader, “Public Goods Provision Aided by Microfinance,” Seduced and Betrayed, 2017, p. 184. 15. Robert C.G. Varley, “Financial Services and Environmental Health: Household Credit for Water Sanitation,” USAID, January 2, 1995, p. ix. https://www.gdrc.org/icm/environ/usaid.html. 16. Ibid. 17. Ibid. 18. Hugh Sinclair, Confessions of a Microfinance Heretic: How Microfinance Lost Its Way and Betrayed the Poor (San Francisco, CA: Berrett-Koehler, 2010), p. 20. 19. Mohini Malhotra, “Comments: Microfinance Impact Evaluation: Going Down Market,” in Feinstein, Picciotto, and Wolfensohn (eds.), Evaluation and Poverty Reduction; Proceedings from a World Bank Conference (Washington, DC: World Bank, 2000), p. 204. 20. Maren Duvendack, et al., Systematic Review: What Is the Evidence of the Impact of Microfinance on the Well-Being of Poor People? 2011. https:// www.givedirectly.org/pdf/DFID_microfinance_evidence_review.pdf. 21. Ibid., p. 2. 22. Ibid. 23. The Economist, “Froth at the Bottom of the Pyramid: Is Microfinance Going the Same Way as Subprime Mortgages? ” August, 2009. 24. Malcolm Harper, “Microfinance and Farmers: Do They Fit?” in Thomas Dichter and Malcolm Harper (eds.), What’s Wrong with Microfinance? (Rugby, UK: 2007), p. 59. 25. Maren Duvendack and Philip Mader, “Poverty Reduction or the Financialization of Poverty?” Seduced and Betrayed, 2017, p. 41. The difference in the two figures is the difference between only the portfolios that are reported and what is estimated to include those that are not reported. 26. The difference in the two figures is the difference between only the portfolios that are reported and what is estimated to include those that are not reported. 27. Sinclair, 2010, p. x.
