Abstract
Associating microfinance with alleviation of poverty has become a truism. Subsequently, the microcredit movement has enjoyed wide support from governments, international development agencies, wealthy philanthropists, renowned financial institutions and even the Noble Peace Prize Committee. Indeed, in awarding the Nobel Peace Prize to Muhammad Yunus and Grameen Bank in 2006, the committee noted that ‘Yunus has, first and foremost through Grameen Bank, developed micro-credit into an ever more important instrument in the struggle against poverty’. Consistent with this trend, success stories abound on the internet and in countless reports of microentrepreneurs who set up successful businesses, lifting their families and neighbouring poor out of poverty.
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© 2013 Ronny Manos, Jean-Pierre Gueyie and Jacob Yaron
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Manos, R., Gueyie, JP., Yaron, J. (2013). Dilemmas and Directions in Microfinance Research. In: Gueyie, JP., Manos, R., Yaron, J. (eds) Microfinance in Developing Countries. Palgrave Macmillan, London. https://doi.org/10.1057/9781137301925_1
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DOI: https://doi.org/10.1057/9781137301925_1
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