We may only just have seen new studies looking at the impact of microfinance. But the topic is not new. This literature review presents a short selection of studies on microfinance, its context, and its impact on the poor.
Microsavings seem to do much the same for the poor as microcredit (i.e. smooth consumption and investment). But they might do so at a lower cost, and bring additional benefits as well.
The WSJ report of too much microfinance raises a dangerous parallel with the subprime crises. It is time that social investors scaled back their optimism on the impact of microfinance and its investment potential. As this crises has shown, endless growth cannot be without consequence.