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 has to strike a balance between helping the poor and being a business that aims to make sky-high returns
Microfinance has to strike a balance between helping the poor and being a business that aims to make sky-high returns

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.

¬ Haymarket Media Limited. All rights reserved.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media