Microcredit in the Caribbean: Experiences & Best Practice- EXECUTIVE SUMMARY Executive Summary: Microcredit: Experiences and Best Practice
نویسنده
چکیده
Since the early 1970s, with the formation of the Grameen Bank in Bangladesh by the eminent Mohammed Yunus, the microfinance movement has spread throughout the developing and developed world as a weapon in the fight against poverty. However, success of the Grameen model has not been followed by success in different economic and social settings. These failures have been due to several factors including a lack of appreciation of context (social, cultural and economic), and divergent missions between donors, MFIs and the poor. In some case the poor are excluded altogether as MFIs ‘scale-up’ operations to reach more ‘bankable’ clients.
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