Revisiting Microfinance in Africa

Arthur Muliro Wapakala ()
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Arthur Muliro Wapakala: Society for International Development

Development, 2016, vol. 59, issue 1, 143-146

Abstract: Abstract Microfinance has been touted as a possible pathway out of poverty for individuals in many poor communities. However, its track record remains spotty and there is a need to rethink what space microfinance efforts occupy within the broader structural transformation context. In this regard, microfinance should not become a pretext or alibi for the state to abdicate its core functions and responsibilities to its citizens.

Keywords: Microfinance; Microcredit; Poverty; Africa; Economic development; Job creation (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1057/s41301-017-0081-1

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