“Great article but not all encompassing. There ARE groups that do not take the approach that is examined in this article. Microfinance is a valuable tool if pointed in the right direction. For example, matching avoided costs with microfinance payments can influence green infrastructure in developing nations. I address those issues in my thesis if interested. http://humboldt-dspace.calstate.edu/xmlui/handle/2148/628”
hp blogger Aaron Ausland on Dec 21, 2010 at 18:46:38
“Agreed. There are still plenty of organizations doing excellent development work through microfinance. I lavish praise on them wherever I see them. But, as a movement, microfinance has broadly shifted. Many of the original thought leaders have been pushed aside and the conversations at the multiplying summits seem to have moved from exploring how to make a better and more sustainable impact for those we call "the poor" (for better or worse) to how to grow larger, adopt better banking practices, earn more profit, and satisfy the demands of the investor market.
I will take a look at your thesis as soon as I am in a place with faster Internet (I'm currently in rural Bolivia with *gasp* 24Mbps.) Best to you and your work.”
“Important issues about micofinance are asked here. What did we expect by introducing folks that are not capitalists to the capitalist market? HOW microfinance is used and its intent is more important over time rather than payback rates and scaling.”