A new debate on microfinance?
While microfinance was very popular when first trotted out, the scheme seems to have quietly sunk under the weight of the multitude of criticisms thrown at it. Denigrating microfinance has suddenly not simply become fashionable, but accepted in media and development circles. Yet are microfinance schemes still carrying on apace below the radar, unnoticed but still quietly having great effect?
In this new series of posts for the Arcubus blog, I will be examining some of the most common arguments for and against microfinance that have arisen in many journalistic and academic pieces in the last few years. The pieces I will be referencing will include, but will not be limited to, the following articles:
Any other suggested readings in the comments, particularly academic articles, would be most welcome.