Is microcredit mostly hype?
Microcredit has become one of the most popular ideas in charity. 2005 was named the Year of Microcredit.The microcredit charity Kiva has over 800,000 lenders, the highest possible rating from Charity Navigator, and was endorsed by Oprah… The 2006 Nobel Committee boldly claimed that microcredit “must play a major part” in ending global poverty.
Recently, however, criticism of microfinance has been growing. And that’s a good thing, because it’s far from proven that microfinance, on average, has any positive effects at all.




