Friday, April 21, 2006

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

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

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.

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