Microfinance searches its soul

The microfinance model is evolving rapidly and needs regulation, but it must not lose sight of its original purpose of helping the poor, insist industry leaders.

Microfinance searches its soul

The microfinance industry has been under siege recently.  Earlier this year, Muhammad Yunus, founder of Grameen Bank in Bangladesh and recipient of the Noble Peace Prize in 2006, was ejected from the bank’s leadership as part of what has been portrayed as a long-standing feud with the country’s prime minister Sheikh Hasina Wajed.

A Norwegian documentary accused Grameen, the prototype for other micro lenders, of alleged business irregularities during the 1990s, specifically of...

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CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...