Monday, 7 February 2011

Microfinance institutions needs to focus on sustainability not on profitability

The key messages passed at the last conference on microfinance in Europe held in Brussels last November 2010 provide interesting points of reflection for the future development of the microfinnance industry.

In particular, the statement: "Create a more favourable environment for microfinance at national level. Microfinance providers need to balance the aim of sustainability (not profitability) with the objective of social performance" foresees the recommendations made by Muhammed Yunus in his recent article Sacrificing microcredit for megaprofits published on the New York Times.

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