Selling Their Blood To Pay Spurious Loans: India's Rural Poor Still Reeling From Microlending Crisis - Presented by: The Aol. On Network

[Listen to these women’s stories in the video above.] Many residents in India’s Tumkur slum, about 50 miles northwest of Bangalore, are still reeling from the 2010 microfinancing crisis. Microfinancing was designed as a tool to lift people out of poverty through small loans and was lauded internationally. The United Nations Economic and Social Council even went so far as to proclaim 2005 the International Year of Microcredit. However, in India, the program imploded as a result of poor impleme



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