Tuesday, December 9, 2008

The Battle for the Soul of Microfinance

Just wanted to draw your attention to a great article in this past weekend's Financial Times on microfinance. It addresses some of the debates we've had in class this semester: commercial banks moving into microfinance, Compartamos' IPO, etc. It asks one really important question: "for how long will donors fund microfinance projects with so little compelling evidence about exactly what kinds of project really works?"

A really worrying question. Maybe someone from our class will figure that out one day...!

You can read the article here:

The Battle for the Soul of Microfinance

1 comment:

Gisela Davico said...

Hi,
There is some literature about social perfomance. It is more oriented to practitioners rather to the academic level.

I have been working in The Social Performance Task Force (CGAP plus Ford Foundation plus IDS), an effort aimed to find suitable indicators to measure social performance of MFIs in the world.

These indicators are going to be included in the MIX Market report.
It is not far away from what Accion Internacional says.

Here are the guidelines published by the IDS
http://www2.ids.ac.uk/impact/SPM_Practice_Guide.pdf

Regards

Gisela