Triple Pundit: What Is The Future Of Microfinance?
The outlook that emerged from the 2011 Net Impact conference has experts quite positive despite scandals over the past year.
It’s been a tough year for the image of microfinance. Mohammud Yunus was removed from his Nobel Prize winning Grameen Bank in March and scandals have erupted due to increased debt and high interest rates in countries such as India. Is microfinance just a fad that is now approaching its end? No way, say the experts. At the 2011 Net Impact Conference, the outlook was positive surrounding the future of microfinance.