Microfinance 2.0: Different Methodology Could Reshape Industry

Tuesday, March 25, 2014

Microfinance needs to evolve. Once heralded as a panacea for poverty, microfinance has been shaken by a number of high-profile scandals, including corruption and the 2010 borrowers’ debt crisis in Asia that tragically led to a number of suicides. In some cases people have started to question the very essence of microfinance. But is it time to call it a day on the $70bn plus industry or could we learn from past mistakes and create a more powerful, targeted microfinance model through trial and innovation?

Source: The Guardian (link opens in a new window)

Categories
Impact Assessment
Tags
microcredit, microfinance, poverty alleviation, social impact, Women