Microfinance: is it really such a good thing?

Did you see Muhammad Yunus on Q&A on 3 April? Yunus was the founder of the Grameen Bank he and the Bank jointly won the Nobel Prize for Peace in 2006 for their work on microcredit. Maybe you have wondered why indigo foundation has not taken up microfinance? After all, it claims to be an incredibly powerful tool for the empowerment of women, which is one of our key focus areas. Like many things though, when you scratch the surface, microcredit is not all it is made out to be.