Wpływ komercjalizacji sektora mikrofinansów na bezpieczeństwo jego najuboższych klientów

Abstract

For the last twenty years the microfinance sector experienced a rapid growth in number of clients, institutions and loan portfolio. Microcredit had long been considered a powerful tool for poverty alleviation, but latest incidents have shown that it stopped fulfilling all social objectives. Recent experienced revealed that expansion of some microfinance institutions was too quick and aggressive and it lacked proper institutional capabilities and control. Sustainability of market growth started to be questioned, especially after series of suicides of overindebted borrowers in state of Andhra Pradesh in India. This article describes recent commercialization of microfinance institutions that leads to a drift from social to economic mission of MFI sector.