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 short, smart analysis of perhaps the most famous passage in American history reveals its potency and unfulfilled promise.
Words that made a nation.
Isaacson is known for expansive biographies of great thinkers (and Elon Musk), but here he pens a succinct, stimulating commentary on the Founding Fathers’ ode to “life, liberty, and the pursuit of happiness.” His close reading of the Declaration of Independence’s second sentence, published to mark the 250th anniversary of the document’s adoption, doesn’t downplay its “moral contradiction.” Thomas Jefferson enslaved hundreds of people yet called slavery “a cruel war against human nature” in his first draft of the Declaration. All but 15 of the document’s 56 signers owned enslaved people. While the sentence in question asserted “all men are created equal” and possess “unalienable rights,” the Founders “consciously and intentionally” excluded women, Native Americans, and enslaved people. And yet the sentence is powerful, Isaacson writes, because it names a young nation’s “aspirations.” He mounts a solid defense of what ought to be shared goals, among them economic fairness, “moral compassion,” and a willingness to compromise. “Democracy depends on this,” he writes. Isaacson is excellent when explaining how Enlightenment intellectuals abroad influenced the founders. Benjamin Franklin, one of the Declaration’s “five-person drafting committee,” stayed in David Hume’s home for a month in the early 1770s, “discussing ideas of natural rights” with the Scottish philosopher. Also strong is Isaacson’s discussion of the “edits and tweaks” made to Jefferson’s draft. As recommended by Franklin and others, the changes were substantial, leaving Jefferson “distraught.” Franklin, who emerges as the book’s hero, helped establish municipal services, founded a library, and encouraged religious diversity—the kind of civic-mindedness that we could use more of today, Isaacson reminds us.
A short, smart analysis of perhaps the most famous passage in American history reveals its potency and unfulfilled promise.Pub Date: Nov. 18, 2025
ISBN: 9781982181314
Page Count: 80
Publisher: Simon & Schuster
Review Posted Online: Aug. 29, 2025
Kirkus Reviews Issue: Oct. 1, 2025
BOOK REVIEW
BOOK REVIEW
BOOK REVIEW
SEEN & HEARD
A moving meditation on mortality by a gifted writer whose dual perspectives of physician and patient provide a singular...
A neurosurgeon with a passion for literature tragically finds his perfect subject after his diagnosis of terminal lung cancer.
Writing isn’t brain surgery, but it’s rare when someone adept at the latter is also so accomplished at the former. Searching for meaning and purpose in his life, Kalanithi pursued a doctorate in literature and had felt certain that he wouldn’t enter the field of medicine, in which his father and other members of his family excelled. “But I couldn’t let go of the question,” he writes, after realizing that his goals “didn’t quite fit in an English department.” “Where did biology, morality, literature and philosophy intersect?” So he decided to set aside his doctoral dissertation and belatedly prepare for medical school, which “would allow me a chance to find answers that are not in books, to find a different sort of sublime, to forge relationships with the suffering, and to keep following the question of what makes human life meaningful, even in the face of death and decay.” The author’s empathy undoubtedly made him an exceptional doctor, and the precision of his prose—as well as the moral purpose underscoring it—suggests that he could have written a good book on any subject he chose. Part of what makes this book so essential is the fact that it was written under a death sentence following the diagnosis that upended his life, just as he was preparing to end his residency and attract offers at the top of his profession. Kalanithi learned he might have 10 years to live or perhaps five. Should he return to neurosurgery (he could and did), or should he write (he also did)? Should he and his wife have a baby? They did, eight months before he died, which was less than two years after the original diagnosis. “The fact of death is unsettling,” he understates. “Yet there is no other way to live.”
A moving meditation on mortality by a gifted writer whose dual perspectives of physician and patient provide a singular clarity.Pub Date: Jan. 19, 2016
ISBN: 978-0-8129-8840-6
Page Count: 248
Publisher: Random House
Review Posted Online: Sept. 29, 2015
Kirkus Reviews Issue: Oct. 15, 2015
PERSPECTIVES
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