A challenge to flat earth thinking in microfinance

According to Sanjay Sinha (Micro‐Credit Ratings International Limited), promotion of microfinance starting from the mid-1990s propagated a strong message on the principles of good microfinance practice. This note argues that while these principles may have been appropriate at the time when they were formulated, the entrenchment of these principles is now damaging the development objective – financial inclusion to serve the needs of poor and low income people, and facilitating income enhancement – and the time has come for a concerted effort to swing the pendulum back to equilibrium.

Read more: http://m-cril.com/article/A-challenge-to-flat-earth-thinking-in-microfinance.pdf