April has been deemed the Month of Microfinance – a time to celebrate the movement and those it has aided in escaping extreme poverty, a time to question its current and future impact, a time to discuss, debate, and challenge.
Should it be client-centric or profit-focused? Should interest be charged on loans? Should it be holistic, including not just credit, but also insurance, savings, education loans, etc.? Does it really promote national economic growth? These are just a few of the questions a mere mention of microfinance ignites.