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Poverty Alleviation

Lofty or lowsy: microfinance under the microscope

Yasmine Cathell's picture

Microfinance has been both praised and criticized, but on what basis are these judgments being made? Taking a closer look at how microfinance institutions (MFI) are evaluated there seems to be a disconnect between the goals and measurable results. This has created a danger for MFIs to tout themselves as real do-gooders when in fact they are mere bottom feeders, preying on the poorest of the poor, charging exorbitant interest rates and making a killing.