microfanatic

Microfinance Gateway: Site Content: Hype and Hope: The Worrisome State of the Microcredit Movement

Andrew L. suggested I read this article below. I think this is a good place to start because it is sobering. People tend to get too excited about microfinance but do not have the experience or know how to make it work.

"Hype and Hope: The Worrisome State of the Microcredit Movement

Microcredit: All Dressed Up and No Place to Go

Has the widespread enthusiasm for microfinance transformed a noble idea into a panacea? Thomas Dichter, long-time practitioner in the international development industry and author of 'Despite Good Intentions: Why Development Assistance to the Third World Has Failed,' takes a critical look at the microcredit movement and argues that it has done more harm than good...Read more...

posted by Will @ 9/21/2006 11:24:00 PM