Friday, April 18, 2008

Microfinance Grows Up: Success Brings New Challenges for Investors, Practitioners, in Emerging Economies - Knowledge@Wharton

Microfinance Grows Up: Success Brings New Challenges for Investors, Practitioners, in Emerging Economies - Knowledge@Wharton: "Many of these problems are familiar to any investor working in rapidly developing countries. But one of the more contentious issues has evolved out of the very characteristic that brought so much attention to microfinance in the first place from people unsatisfied with traditional models of philanthropy and development -- the seductive combination of doing good and doing well at the same time.

Doing Good, Doing Well, Doing Enough?

From the development perspective, microfinance is all about giving poor people a chance to work themselves out of poverty, to be treated as responsible, productive agents with the capacity to improve their own lives if given the same chances that are afforded better-off people in more developed countries."

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