The Rise and Fall of Muhammad Yunus and the Microcredit Model
International Development Studies Working Paper #001
36 Pages Posted: 27 Jan 2014
Date Written: January 10, 2014
This paper looks at the microcredit model made famous by Dr. Muhammad Yunus and explains the key reasons why it has failed as a poverty reduction and local development instrument. It also briefly analyses some of the reactions to this failure by the microcredit industry and why many microcredit supporters nevertheless still stand behind the model in spite of its failure.
Keywords: Muhammad Yunus, microcredit, deindustriaisation, informal
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