Hype and Hope: The Worrisome State of the Microcredit Movement

Image: Flickr, Richy!
Image: Flickr, Richy!

2005 has been declared the 'Year of Microcredit' by the UN, thus acknowledging the journey of microcredit from an obscure experiment in the mid-1970s to the status of a worldwide movement.

The movement has captivated not just the entire development aid industry, but journalists, editorial writers, policy makers and much of the general public in both the North and the South.

24 Apr 2008
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