Microcredit

Microcredit, often viewed as vital for low-income groups, is experiencing financial and social sustainability problems.  Is the preference for and dominance of financial metrics over social metrics eroding instead of underpinning the sustainability of the industry?

Many now fondly remember the days of cheap credit and apparent financial stability in the early 2000s. Those were the days where you would deposit your money and earn a reasonable rate of interest while businesses and individuals could receive a loan to open or expand a business, buy a home, go to university, etc..

The past is indeed a strange place: they do things differently there.