20 Aug '11, 4am

"The Good, the Bad and the Ugly: The Deceleration of #Microfinance" HT @BlendedValue #socent

"The Good, the Bad and the Ugly: The Deceleration of #Microfinance" HT @BlendedValue #socent

"We never said microfinance was a silver bullet." Muhammad Yunus, founder, Grameen Bank [1] For many of the world's poor who are able to access a microfinance institution (MFI), getting a small loan anywhere between USD 25 to 5,000 can mean the difference between a life of poverty or a life as a small business owner. And while the overall numbers look good, the recent news coming in from the international microfinance sector is a bit of a mixed bag. Consider for a moment Ghana, which has been highly touted recently as the Sub-Saharan Africa's fastest-growing economy. Kofi Adu Domfeh, head of the business desk at Luv 99.5 radio in Kumasi, reported today that "over 60 firms in the northern sector of the country have registered with the Ghana Association of Microfinance Companies (GAMC) to play under the Bank of Ghana's new rules and guidelines," with 100 more lined up.[1] Ea...

Full article: http://www.justmeans.com/-Good-Bad-Ugly-Deceleration-of-M...

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