Is Microfinance Dead?

Posted March 20, 2012

I was shocked at a recent meeting with the Programs Director of a Canadian development agency to hear him say that they no longer support microfinance as it does not contribute to development. This was in reaction to my client’s proposal to provide micro-loans to farmers in India. Many farmers there are indebted to land-owners for the costs of farm inputs (seeds, fertilizers etc) and are obliged to sell their crops to the land-owners. It...

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Mr Wills was responsible for the successful establishment of FORUS Bank and we congratulate him on his great contribution to the banking sector in Russia.

S.F.SPitsyn
Head, Nizhny Novgorod Office
Central Bank of the Russian Federation

Mike did an excellent job of working with the Management Team of Bank of Sierra Leone to develop a Financial Sector Development Plan which is now being implemented. We would hire him again.

Andrina Coker
Deputy Governor, Bank of Sierra Leone

Mike's experience in the not-for-profit sector has been invaluable to us and he has been instrumental in us strengthening all aspects of our organization but particularly governance, risk management, planning, fundraising and operations.

Dr Hendrik Visser
Chair, EMAS Canada

Is Microfinance Dead?

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