Making Microfinance More Effective
Harvard Business Review
OCTOBER 5, 2016
Personal savings, insurance, credit, cash transfers from family and friends and other financing mechanisms offer promising opportunities to create security and steady employment but they require a nuanced understanding of product design and the local market conditions in order to be effective. The Grameen model of microfinance gained a great deal of attention in the international development field after early data showed that it was associated with high repayment and low default.