Microcredit oversold as anti-poverty tool, economists say

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2 COMMENTS

  1. Repeated studies, some undertaken by me, has shown that as a concept microcredit works and is a sound proposition that allows poor easy access to resources that are not readily available through formal credit system and through resources to productive activities that enhance income and accrue other benefits. However, success and failure of microcredit are contingent upon two important factors – firstly, the socio-economic contexts in which the programme is implemented and secondly, how it is implemented. Weaknesses in either of these factors are likely to risk success.

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