En partenariat avec Convergences 2015 et le CGAP
Microfinance has been whiplashed by the hype cycle. Where it once was seen as a powerful treatment for poverty, recent headlines have favored phrases such as “borrower revolt,” “doesn’t work after all,” and “suicide.” What to make of this cacophony? David Roodman seeks the sensible truth in his new book, Due Diligence: An Impertinent Inquiry into Microfinance, with an investigation that is unprecedented in its depth and breadth. He concludes that, while financial services are no more likely to lift people out of poverty than clean water and electricity, the microfinance movement has built thriving industries that deliver valuable services to millions of poor people. The challenge going forward is to help microfinance play to its strengths. In general, that calls for putting less money into microcredit, to avoid credit bubbles and increase the incentive for microfinance institutions to take savings deposits.
Download the synthesis: Club Microfinance Paris_February282012