Microfinance has become a buzz word in international development circles, with some development professional strongly advocating it while some have reservations about its effectiveness. There have been many studies looking at its ability to reduce poverty and the factors of success and failure. Here is an example of an assessment by Anis Chowdhury entitled,”Microfinance as a development tool – a critical assessment“ produced for the UN a few years ago.
Where have we come since then? What have we learned? What are the factors that impact the success of a microfinance project? In the coming year, we shall explore some of these factors, including the influence of gender, culture, local infrastructure and community and many more