Why Microfinance is not all its cracked up to be.
By Abhilash Samuel “An unacceptably high proportion of the world’s population lives in dreadful conditions that consign them to Malthusian lives that are nasty, brutish and short”, says Norbert Kloppenburg, the senior vice president of KfW Entwicklungsbank, a microfinance institution based in Germany.[1] The alleviation of poverty through banking, or more precisely the provision [...]
