The validity of microfinance institutions as poverty alleviation instruments is drawn into question by the structure and practices of the industry, which hinder the efficiency and depth of aid. This paper aims to outline the history and popularity of microfinance, followed by the difficulties of its implementation. Then, it will explain the status of research in the field, microcredit’s role in the empowerment of women, and the perception of microfinance in the West. Finally, it will discuss the monumental shifts within the industry based on ideological opinions and the consequential negative effects on the field.
Mull, Kelleen R.
"The Pitfalls of the Microfinance Promise,"
Global Tides: Vol. 10
, Article 9.
Available at: http://digitalcommons.pepperdine.edu/globaltides/vol10/iss1/9