Since the microfinance sector broadened its focus from loans to financial inclusion, savings have become a major focus. And rightly so – the argument for providing poor customers with a safe and reliable place is backed by both robust research and common sense. Meanwhile, MFIs are already delivering on the promise: in 2011, MIX Market reported nearly 80 million depositors world-wide, with an average balance of $994.
The 2013 European Microfinance Week will open with a debate. Dr. Aris Alip, founder of the CARD group of companies in the Philippines and Dr. Michael Chu, Professor at Harvard Business School and former director of Accion will tackle the question: What is the goal of microfinance, lifting the poor out of poverty or financial access for all?
This summer marked an important milestone in microfinance. David Roodman announced his departure from the Center for Global Development to the Gates Foundation. By doing so, David also stepped down from his role as the blogger of record for the sector. As we launch the new e-MFP blog, we look back and celebrate the most influential microfinance blog.