> Posted by Holly Padgett
“Does Microfinance Work?” This question represents a very popular topic of discussion both inside and outside the microfinance industry.
One major milestone in the debate over this question has been the publication of David Roodman’s new book, “Due Diligence: An Impertinent Inquiry into Microfinance”.
For anyone who hasn’t been able to follow the conversations surrounding the book, CGAP recently posted, in Microfinance Gateway, a very interesting selection of blog posts, videos, and articles that were created in response to Roodman’s book. These response pieces not only raise questions about Roodman’s analysis, they also, more importantly, put forth ideas about the future of microfinance and the need for a more financially inclusive world.
As food for thought, CGAP’s post is a great place to 1) get an update on the opinions of important industry actors and 2) get a reminder of why financial inclusion is so very important.
To visit CGAP’s compilation in Microfinance Gateway, click here.
Image credit: microfinancegateway.org
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March 31, 2012 at 6:07 am
massimochiaia
Reblogged this on massimochiaia.
March 31, 2012 at 6:10 am
massimochiaia
This question is crucial to me nowadays: is the commercial greediness on MF corrupting the original vision and spirit of it ?
Till we think that profit isn’t our god, we can never hope in a new mankind based on peace, harmony and helping each other.
April 2, 2012 at 11:53 am
Holly Padgett
Thanks for the comment and re-post! In my opinion, greed is something that can affect any industry, including microfinance. However, when I look around and see all of the dedicated organizations and practitioners that are committed to microfinance and poverty reduction, I know that their vision has not been corrupted.
Instead, I think the original vision for microfinance has grown and transformed (for example, towards global financial inclusion).
February 19, 2013 at 6:55 am
massimochiaia
Surely you are right…