In the early days of microfinance, nobody questioned its social impact. It seemed obvious that providing access to financial services for those excluded from the traditional banking system was social progress of itself.
Microfinance has since grown dramatically, while prioritising the implementation of financial indicators. What seemed most important was ensuring the financial sustainability of a new range of services. Significant investment was therefore put into defining acceptable universal standards, to be able to compare different institutions from a financial standpoint.View online Download the interactive version