This thoughtful deep dive into the world of microfinance is both educative and heartbreaking.
A keen examination of the rise and fall in popularity of the microfinance loan system.
The concept of microfinance—which provides loan and banking services to poor populations that would normally be unable to access such services—was the brainchild of Muhammad Yunus, the Bangladeshi economist who won a Nobel Peace Prize in 2006. However, as Kardas-Nelson, a journalist focused on international development and inequality, shows, the idea isn’t as win-win as it seems on the surface. While some recipients have benefited, others have ended up drowning in debt or jailed for failure to repay. In 2019 in Homa Bay, Kenya, two dozen people died by suicide. “Every single one,” writes the author, “had something in common: they had recently defaulted on their microcredit loans.” In her penetrating investigation, Kardas-Nelson follows a handful of loan recipients in West Africa, in addition to the mostly well-meaning executives, policymakers, and investors chasing the dream of changing a country’s destiny by doling out small loans to “the poorest of the poor.” The heartstring-tugging stories of Western advertising firms and banks jumping into the fray looking to make some cash are striking, but the real meat of the book is the absorbing tales of the yogurt seller, jewelry maker, and women living in grinding, exhausting poverty. Most of them, the author argues, would have been better off with a living-wage job, rather than trying to maintain precarious self-employment. Ultimately, the pros and cons of microfinance require further exploration and more long-term data, but Kardas-Nelson offers an evenhanded, instructive account of where things stand today. “Women are terrified of the loans and their consequences,” she notes near the end of the book. “And they are also terrified of life without them.”
This thoughtful deep dive into the world of microfinance is both educative and heartbreaking.Pub Date: June 11, 2024
ISBN: 9781250817228
Page Count: 384
Publisher: Metropolitan/Henry Holt
Review Posted Online: Feb. 13, 2024
Kirkus Reviews Issue: March 15, 2024
A philosophically rich critique of state violence and mass apathy.
An Egyptian Canadian journalist writes searchingly of this time of war.
“Rules, conventions, morals, reality itself: all exist so long as their existence is convenient to the preservation of power.” So writes El Akkad, who goes on to state that one of the demands of modern power is that those subject to it must imagine that some group of people somewhere are not fully human. El Akkad’s pointed example is Gaza, the current destruction of which, he writes, is causing millions of people around the world to examine the supposedly rules-governed, democratic West and declare, “I want nothing to do with this.” El Akkad, author of the novel American War (2017), discerns hypocrisy and racism in the West’s defense of Ukraine and what he views as indifference toward the Palestinian people. No stranger to war zones himself—El Akkad was a correspondent in Afghanistan and Iraq—he writes with grim matter-of-factness about murdered children, famine, and the deliberate targeting of civilians. With no love for Zionism lost, he offers an equally harsh critique of Hamas, yet another one of the “entities obsessed with violence as an ethos, brutal in their treatment of minority groups who in their view should not exist, and self-decreed to be the true protectors of an entire religion.” Taking a global view, El Akkad, who lives in the U.S., finds almost every government and society wanting, and not least those, he says, that turn away and pretend not to know, behavior that we’ve seen before and that, in the spirit of his title, will one day be explained away until, in the end, it comes down to “a quiet unheard reckoning in the winter of life between the one who said nothing, did nothing, and their own soul.”
A philosophically rich critique of state violence and mass apathy.Pub Date: Feb. 25, 2025
ISBN: 9780593804148
Page Count: 224
Publisher: Knopf
Review Posted Online: Dec. 14, 2024
Kirkus Reviews Issue: Jan. 15, 2025
BOOK REVIEW
BOOK REVIEW
A fierce, penetrating, and empowering call for change.
Artist and activist Vaid-Menon demonstrates how the normativity of the gender binary represses creativity and inflicts physical and emotional violence.
The author, whose parents emigrated from India, writes about how enforcement of the gender binary begins before birth and affects people in all stages of life, with people of color being especially vulnerable due to Western conceptions of gender as binary. Gender assignments create a narrative for how a person should behave, what they are allowed to like or wear, and how they express themself. Punishment of nonconformity leads to an inseparable link between gender and shame. Vaid-Menon challenges familiar arguments against gender nonconformity, breaking them down into four categories—dismissal, inconvenience, biology, and the slippery slope (fear of the consequences of acceptance). Headers in bold font create an accessible navigation experience from one analysis to the next. The prose maintains a conversational tone that feels as intimate and vulnerable as talking with a best friend. At the same time, the author's turns of phrase in moments of deep insight ring with precision and poetry. In one reflection, they write, “the most lethal part of the human body is not the fist; it is the eye. What people see and how people see it has everything to do with power.” While this short essay speaks honestly of pain and injustice, it concludes with encouragement and an invitation into a future that celebrates transformation.
A fierce, penetrating, and empowering call for change. (writing prompt) (Nonfiction. 14-adult)Pub Date: June 2, 2020
ISBN: 978-0-593-09465-5
Page Count: 64
Publisher: Penguin Workshop
Review Posted Online: March 14, 2020
Kirkus Reviews Issue: April 1, 2020
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