TL;DR: because poverty stricken people both think different from rich people who run banks, and their life circumstances are too different from what those rich people can imagine, there is a persistent misalignment between what formal institutions can offer and what they really need. Let them eat cake.
TL;DR: because poverty stricken people both think different from rich people who run banks, and their life circumstances are too different from what those rich people can imagine, there is a persistent misalignment between what formal institutions can offer and what they really need. Let them eat cake.