The Economist, Survey of microfinance, November 5th 2005
In one sense, microfinance has been around for a long time. What is now generating so much hope and excitement is less the discovery of some entirely new way to deliver financial services to the poor than the effect of the rapid innovation that has taken place in the past three decades.
The Economist, 19th October 2006
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Muhammad Yunus has won the Nobel peace prize for his role in promoting financial services for the poor
by Frederic Sautet
The Austrian Economists
Overall, the Philippine case shows that while MF provides financing to many small entrepreneurs,it is unlikely to become the silver bullet against poverty because graduation into the formal financial world is limited. At best, it is a band-aid solution to poverty. Based on the evidence we gathered in the Philippines, we believe that institutional changes would have a greater effect on poverty than MF loans as practiced by Grameen banks.
