Michael Steidl (Germany)
Founder and Managing Director - Micro Service Consult GmbH
Microfinance Works – But How And For Whom?
Recently, there has been substantial criticism about the impact and social performance measurement of microfinance. The public debate has centered on excesses of commercialization of microfinance institutions, the lack of scientifically sound impact studies, and doubts about evidence of poverty reduction through microfinance. This presentation will argue that there is clear evidence that microfinance creates value. It is different models about the appropriation and distribution of value that define who benefits most: investors in microfinance institutions, current clients, future clients, or society as a whole.