Marie Michael Library

The microfinance phenomenon

McGuire, Paul B.; Conroy, John D.

This paper considers the achievements of microfinance to date and offers some suggestions for the future. The paper includes a charting of the rise of microfinance, a brief description of some of the main models of microfinance, and a discussion of the success of microfinance institutions in reaching clientele and achieving sustainability. This paper was also published in Asia-Pacific Review, vol. 7 no. 1, 2000.